Latest News

• Date: 9th February 2026

The Arizona Governor’s Office of Resiliency has announced a US$1mn investment in the Arizona Geological Survey (AZGS) to enhance knowledge of the state’s geothermal potential.

The new funding is part of a range of actions by Arizona’s Governor Katie Hobbs to accelerate the state’s geothermal development and expand its economic and energy future as electricity demand grows.

“Arizona is at a crucial crossroads in its energy story, and we have the key resources needed to be a leader in geothermal energy production,” said Hobbs.

“I am taking the steps to make that happen by investing in the Arizona Geological Survey, proposing funding for new geothermal research in my executive budget, and convening a geothermal working group.”

It represents the next step in Hobbs’ focus on building the future of energy in Arizona.

Earlier this month, Hobbs released her FY2027 executive budget proposal, which includes US$1.5mn for geothermal research to expand knowledge of Arizona’s subsurface.

Additionally, a geothermal working group was also assembled within her Arizona Energy Promise Taskforce to catalyse the deployment of next-generation geothermal technologies across Arizona.

“Arizona is ready to leverage its status as a global leader in technology industries and a strong foundation in subsurface industries like mining,” said Hobbs.

“Geothermal will be a future-defining industry for Arizona, lowering energy costs and strengthening our grid. We are open for business.”

AZGS brings more than 45 years of experience in geothermal research, with expertise in subsurface characterisation and statewide data development, including leading the US Department of Energy’s (DOE) US$23mn project to create a National Geothermal Data System, according to Brian F. Gootee, Senior Research Geologist and Energy Geology Group Chief at AZGS.

“With this rich legacy of geothermal work, AZGS remains committed to advancing Arizona’s geothermal development through rigorous science and close collaboration with the Governor’s Office.”

Arizona also recently joined the DOE and the National Association of State Energy Officials’ Geothermal Power Accelerator, a new collaboration among 13 states to rapidly expand geothermal power development in partnership with the private sector.

According to the DOE and the National Laboratory of the Rockies, next-generation geothermal energy potential in the USA is at least 26.5 terawatts, with a large concentration of resources in the Mountain West.

A 2025 Princeton University study assesses that geothermal energy could meet 20% of US electricity demand by 2050.Across various scenarios modelled by Princeton, the deployment of enhanced geothermal within the energy mix reduced wholesale electricity costs by 22–55%.

“An all-of-the-above approach to electric generation is essential to maintaining grid reliability while keeping rates just and reasonable for Arizona’s families and businesses,” said Arizona Corporation Commission Chair Nick Myers.

“Technological advancements in geothermal energy show significant promise in Arizona and could become a valuable addition to our energy mix. If these technologies prove to be cost-effective, ratepayers stand to benefit from Arizona’s untapped geothermal resources.”

Arizona utilities estimate significant growing energy needs over the next 15 years, with some utilities projecting a 40% increase in peak demand.

Electricity demand in Arizona is rising fast due to several factors, including the state’s expanding population as well as economic growth.

• Date: 9th February 2026

US-based Teverra has announced a new partnership with Spain’s Earth Energy Explorers to support the development of the Melilla geothermal project in the Spanish autonomous city of Melilla.

Teverra is a leading subsurface solutions provider specialising in geothermal and subsurface energy technologies.

It will work alongside its Spanish partner at the project site in Melilla, an area situated on the North African coast, surrounded by Morocco and bordering the Mediterranean Sea.

Under the collaboration, Earth Energy Explorers serves as the project developer, while Teverra will provide technical support, including subsurface characterisation, resource assessment, risk-reduction planning and technical advisory services to support geothermal exploration and development.

“We are excited to partner with Earth Energy Explorers on the Melilla Geothermal Project,” said Randal Wichuk, CEO of Teverra.

“Geothermal presents a powerful opportunity to deliver secure and dispatchable baseload power while occupying minimal land and supporting grid stability. Our team is proud to support this important initiative through advanced subsurface analysis and de-risking approaches that improve predictability and success across the project lifecycle.”

The successful development of geothermal energy in Melilla could play a strategic role in the territory by strengthening energy security and independence, reducing reliance on imported fuels, and enabling a stable baseload renewable energy source.

A Teverra statement noted that the region’s geologic setting and subsurface heat conditions provide “promising potential” for geothermal exploration and a low-carbon energy resource that can serve both power, heating and cooling needs.

The project also reflects a growing momentum across Europe and the Mediterranean to accelerate geothermal as a scalable and reliable renewable energy resource.

“We are pleased to collaborate with Teverra as our consulting partner,” said Carlos Diaz, Partner and Technical Director of Earth Energy Explorers.

“Teverra brings deep technical expertise in subsurface geomechanics and geothermal development. Their support strengthens our ability to systematically evaluate the resource, reduce drilling and development risk, and accelerate the pathway toward a successful geothermal project in Melilla.”

The statement added that the partnership supports “a shared commitment to enabling the energy transition through cutting-edge subsurface technology, data-driven decision-making, and robust engineering workflows that reduce uncertainty and enhance project bankability.”

Maritime Geothermal Ltd., a long-established Canadian provider of heating solutions with more than four decades of experience, has secured a US$1.64 million investment from the Atlantic Canada Opportunities Agency (ACOA).

• Region: Asia Pacific
• Topics: Geothermal
• Date: 5th February 2026

KS Orka Renewables Pte. Ltd. has announced a strategic partnership with Halliburton to support geothermal project development across its project sites in Indonesia, including PT Sorik Marapi Geothermal Power (SMGP) in North Sumatra and PT Sokoria Geothermal Indonesia (SGI) in East Nusa Tenggara.

Reykjavík University and Iceland’s national power company Landsvirkjun have taken a major step forward in clean energy innovation by jointly filing a patent application with the European Patent Office for a breakthrough geothermal technology.

Vallourec and XGS Energy have announced a strategic supply chain partnership to support XGS’s 3 GW pipeline of commercial geothermal projects across the western United States

The US geothermal developer Controlled Thermal Resources has announced its subsidiary, American Data Power, will deliver a utility-scale energy complex to support data centres, advanced manufacturing and critical digital infrastructure in the US.

A new European Union funded initiative is set to transform the way industry produces heat by placing geothermal energy at the centre of large scale heat pump solutions.

ABB has entered into an agreement with Fervo Energy, a Texas-based leader in enhanced geothermal systems, to supply advanced motor control solutions for the Cape Station geothermal project in Southwest Utah, USA.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 23rd January 2026

Geothermal energy is gaining renewed attention in Japan as a reliable and low carbon power source, and Japan Prime Realty Investment Corporation is placing it firmly at the heart of its sustainability strategy.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 23rd January 2026

Mercury has powered up its fifth unit at the Ngā Tamariki Geothermal Station near Taupō, New Zealand, which has begun delivering geothermal power to the national grid.

Sage Geosystems has closed a Series B funding round worth over US$97million to advance its geothermal power generation and energy storage solutions.