Latest News

• Date: 12th November 2025

Indonesia’s geothermal landscape is set to sizzle as PT Barito Renewables Energy Tbk (BREN) ramps up the heat in its renewable ­energy arsenal.

• Date: 10th November 2025

The Asian Development Bank (ADB) has approved a US$180mn loan as the second additional financing to support PT Geo Dipa Energy (GDE) — an Indonesian state-owned company — to further boost the country’s geothermal electricity generation.

• Date: 7th November 2025

Mazama Energy, Inc., has announced a major advancement in clean energy with the creation of the world’s hottest Enhanced Geothermal System (EGS) at its pilot site in Newberry, Oregon.

• Date: 6th November 2025

Vulcan Energy has received the construction permit for its upstream Lithium Extraction Plant (LEP), a key component of the company’s Phase One Lionheart Project in Landau, Germany.

• Date: 5th November 2025

In a further example of how geothermal is now successfully attracting more innovative financing, Good Carbon Co. (GCC) has closed a US$20mn loan with NY Green Bank (NYGB), to support the installation of geothermal heating and cooling systems across its housing portfolio in the Buffalo region.

The facility — the first publicly announced Investment Tax Credit (ITC) transferability bridge loan for geothermal heating and cooling technology — allows GCC to further accelerate its mission of developing deeply decarbonised affordable housing.

It is expected to finance around 25 geothermal systems at affordable multifamily housing properties in the area, in New York State.

“This initiative demonstrates how innovative financing can accelerate the transition to clean, equitable energy,” said Adam Serbert, GCC’s President and CEO.

“By pairing federal Investment Tax Credits with sustainable technologies like geothermal systems, we’re enabling affordable housing communities to benefit from stable, carbon-free energy for decades to come.”

The intention is to grow multifamily affordable housing developments in the Buffalo area, boosting energy efficiency, cutting fossil fuel reliance and helping keep energy costs steady for residents in the process.

Geothermal systems leverage underground heat to provide highly efficient, carbon-free HVAC services to residents and are eligible for full federal Investment Tax Credits if construction starts by the end of 2033.

By unlocking federal Investment Tax Credits, the facility will accelerate deployment of clean energy solutions while supporting equitable housing and community benefits, a GCC statement noted.

The new facility builds on an existing loan between GCC and NYGB, which provided bridge funding for state-level clean energy incentives that GCC’s renovations qualify for.

“NY Green Bank is proud to support Good Carbon Co. on this pioneering transaction,” said Kelsey Clair, NYGB’s Managing Director, Investment and Portfolio Management.

“As the first publicly announced ITC transferability bridge loan in geothermal, this deal demonstrates the viable investment opportunity of geothermal heating systems in a residential setting while also ensuring that more New Yorkers can enjoy comfortable heating and cooling in their homes.”

• Date: 4th November 2025

Clean Energy Technologies, Inc. has entered into a strategic collaboration with Qymera Global Energy Ltd. to advance and commercialize the DeepFyre geothermal power system, designed to deliver scalable, cost-efficient, zero-emission baseload power for island nations and emerging global markets.

• Date: 3rd November 2025

Aarhus, Denmark, has achieved a major milestone in sustainable heating as the first geothermal heat now flows into homes, marking the start of what will become the largest integrated geothermal district heating system in the European Union.

• Date: 31st October 2025

The DeepU project has announced its laser drilling technology is ready for field testing, marking a major milestone in the journey to unlocking affordable and sustainable geothermal energy.

• Date: 30th October 2025

Mazama Energy, Inc.backed by Khosla Ventures and Gates Frontier has achieved a major milestone in clean energy.

• Region: North America
• Topics: Geothermal
• Date: 29th October 2025

Fervo Energy has announced the launch of the Geothermal Sustainable Development Pact, a new framework designed to establish top-tier standards for how geothermal projects are planned, constructed, and operated.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 29 October, 2025

Geothermal energy producer Energy Development Corp. (EDC) is exploring options to repurpose its 129 MW Upper Mahiao Power Plant in Kananga, Leyte, after the facility reached the end of its operational lifespan.

• Region: All
• Topics: Geothermal
• Date: 28 October, 2025

The two companies have agreed to fast-track the development and commercialisation of integrated geothermal assets, including an EGS pilot project at an Ormat site.