Latest News

• Region: Europe
• Topics: Geothermal
• Date: 26 September, 2025

Vulcan Energy has signed a major contract with Turboden and ROM Technik for the development, procurement and construction of the commercial geothermal power plant near Landau, Germany.

• Region: Europe
• Topics: Geothermal
• Date: 25 September, 2025

A merger between two of the energy industry’s largest drillers could create a new heavyweight player within the geothermal sector, bringing with it fresh ideas, new technology and huge financial clout.

Italy’s Saipem and Norway’s Subsea7, best-known for their work across the global oil and gas industry, first announced their intention to merge earlier this year.

The new entity — to be renamed Saipem7, with combined revenues of some €21bn, and to be headquartered in Milan — will also have a strong interest in the emerging technologies being utilised across the geothermal field.

While the completion of the merger is not anticipated until well into 2026, the concentration of resources and huge expertise in drilling could yield significant gains for the advancement of the geothermal industry.

Announcing the rationale behind the merger, the two companies said that the new combined entity would offer a full spectrum of offshore and onshore services for clients working in renewable energy, as well as oil and gas, and carbon capture.

It also builds on existing work, particular by Saipem, which last year announced its intention to accelerate research and development in the geothermal energy world.

That included, for example, a collaboration with Geolog and Ignis H2 Energy to develop advanced technological solutions and conduct feasibilities studies for new geothermal plants in order to obtain clean and renewable energy, both in Italy and worldwide.

At the time, Saipem said the pact formed a part of its wider research and development efforts dedicated to offering geothermal technological solutions and for other energy transition applications.

Saipem also added that its three main areas of interest in the sector relate to next-generation geothermal energy systems, offshore geothermal energy and the conversion of oil and gas wells.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 24 September, 2025

PT Pertamina Geothermal Energy Tbk (PGE) has affirmed its strategic move beyond electricity by launching the Ulubelu Green Hydrogen Pilot Project, forming a critical part of the company’s efforts to build and end-to-end green hydrogen ecosystem in Indonesia.

• Region: Asia Pacific
• Topics: Geothermal

The Government of India has officially released the National Policy on Geothermal Energy (2025), reinforcing its dedication to achieving the ambitious 2070 Net Zero Goal while enhancing the country’s energy security through a diversified mix of renewable sources.

• Region: Europe
• Topics: Geothermal
• Date: 22 September, 2025

Arverne Group has completed Series B2 financing for its subsidiary, Lithium de France.

• Region: Europe
• Topics: Geothermal
• Date: 19 September, 2025

Factor2 Energy, a young Duisburg-based company with a bold vision for clean power, has successfully closed its Seed funding round, raising €7.7 million in venture capital.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 18 September, 2025

PT Sarana Multi Inftastruktur (PT SMI) has signed an agreement with Ormat Geothermal Indonesia to explore the potential financing options for geothermal exploration in Wapsalit, Maluku, and Toka Tindung, North Sulawesi.

• Region: North America
• Topics: Geothermal
• Date: 17 September, 2025

Rodatherm Energy Corporation, a geothermal start-up, has successfully raised US$38mn in a Series A funding round.

• Region: North America
• Topics: Geothermal
• Date: 16 September, 2025

The US’ Bureau of Land Management (BLM) has accepted winning bids on nine parcels of land in Idaho covering nearly 24,355 acres, in a geothermal lease sale that has netted US$4.4mn in total receipts.

• Region: North America
• Topics: Geothermal
• Date: 15 September, 2025

Dig Energy, a New Hampshire-based startup, has raised US$5mn in venture funding to bring its compact geothermal drilling technology into pilot deployment.

• Region: Europe
• Topics: Geothermal
• Date: 12 September, 2025

The French Development Agency (AFD) has signed a cooperation pact with Kenya to accelerate the development of geothermal energy across the East Africa region.

• Region: North America
• Topics: Geothermal
• Date: 11 September, 2025

Baker Hughes and Controlled Thermal Resources have entered into a definitive agreement for the development of up to 500MW of baseload geothermal power at the Hell’s Kitchen site in California.