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The National Association of State Energy Officials (NASEO) has unveiled the NASEO Geothermal Power Accelerator, a new multi-state initiative aimed at fast-tracking geothermal power development across the United States through close collaboration with the private sector

Last month, Fervo Energy closed its oversubscribed US$462mn Series E funding round, led by new investor B Capital, reflecting strong market confidence in the company’s opportunity to make geothermal energy a cornerstone of the 24/7 power future.

The Bureau of Land Management has accepted winning bids on 17 geothermal parcels in Idaho, totalling approximately 68,025 acres for just over US$1.3mn.

Eavor Technologies has positioned itself as a global leader in scalable geothermal power with the first commercial project of its kind in the world — a closed-loop system delivering power to the grid in Geretsried, Germany.

As Europe accelerates its clean energy transition, geothermal energy is re-emerging as a powerful driver of sustainable growth.

Pertamina Geothermal Energy (PGE), a subsidiary of Indonesia’s state-owned energy giant Pertamina, has taken a significant step forward in strengthening the country’s renewable energy portfolio by submitting crucial technical documents for the planned expansion of the Lahendong geothermal field in North Sulawesi.

The Philippines has officially launched a US$170 mn geothermal de-risking facility, aimed at accelerating early-stage geothermal exploration and drilling across the country.

Innargi has been granted a permit to explore and extract geothermal energy in Virum, clearing a key regulatory hurdle for its partnership with Vestforbrænding to supply new district heating areas with geothermal heat

The U.S. Bureau of Land Management (BLM) has issued a new policy directing its state offices to conduct competitive geothermal lease sales annually, marking a significant shift from the previous biennial requirement under the Geothermal Steam Act.

American Critical Resources (ACR), a subsidiary of Controlled Thermal Resources Holdings Inc. (CTR), has signed a non-binding letter of intent with Plum Acquisition Corp. IV, a publicly listed special purpose acquisition company, to pursue a proposed business combination.

Iceland is strengthening its position as a global leader in renewable energy with a fresh ISK 600 million investment dedicated to innovation and technological development in geothermal energy.

Germany’s Federal Ministry for Economic Affairs and Energy has teamed up with insurance giant, Munich Re, and KfW, the nation’s development finance institution, to launch a new financing package to promote geothermal energy for municipal and industrial heating.