Geothermal Energy
AfDB Grants $16.5M to Kenya for a 35 MW Geothermal Power Plant
Ormat Technologies Wins 40 MW Geothermal Concession in Indonesia
American group Ormat Technologies has secured exploration and development rights for the Telaga Ranu geothermal site in the Maluku archipelago. This award strengthens the renewable
French Court of Auditors recommends removing structural barriers to geothermal energy in France
Slatina-3 relaunched by Jordan Oxley after Cindrigo’s bankruptcy in Croatia
Sinopec hosts the secretariat of the global geothermal standardisation committee
Húsavík drills seven new geothermal wells to revive industrial attractiveness
Global geothermal market to hit $14.5bn by 2034 as investments rise
The global geothermal market is set to double within a decade, driven by technological advances, stronger regulatory support and growing international funding.
Idex invests €42.2mn in Nice geothermal network for 30 years
Idex signs a 30-year contract with the Nice Côte d’Azur Metropolis to develop GéotherNice, a heating network using 82% renewable energy and artificial intelligence-based control.
Ethiopia accelerates geothermal projects to reduce reliance on diesel
Ethiopia is implementing an ambitious plan to develop geothermal energy and stabilise its electricity supply, with multiple projects underway in the Great Rift Valley and increasin
Thermal Energy secures CAD1.5mn in industrial heat recovery contracts
Thermal Energy International has won two new turnkey projects worth a total of CAD1.5mn ($1.09mn) from a global nutrition group, strengthening a collaboration initiated in 2019.
Ormat Technologies increases its quarterly revenue by 17.9%
Ormat Technologies reported a rise in revenue for the third quarter, supported by solid performances in its Product and Storage segments, and revised its 2025 annual guidance upwar
Mazama Energy reaches 331 °C with its geothermal reactor and targets large-scale production
Mazama Energy has completed the creation of the world’s hottest Enhanced Geothermal System, paving the way for low-cost, high-density baseload power aimed at data centres and heavy
Ormat and SLB launch partnership to industrialise enhanced geothermal systems
Ormat Technologies and SLB join forces to accelerate the development of integrated geothermal systems, including a pilot EGS project at an existing site for large-scale commercial
Heat deliveries via networks reach 32.3 TWh in 2024, a record for the sector
With a 9.3% increase in one year, district heating networks cross a historic threshold, while cooling networks continue expanding in response to intensifying heatwaves.
Slovenia and Switzerland launch $19mn programme for Alpine energy
A joint programme funded with CHF15.12mn ($19mn) aims to boost energy efficiency and renewables in Alpine regions by 2029.
France: Dalkia invests EUR18mn to expand Paris-Vallée de la Marne geothermal network
Dalkia and Paris-Vallée de la Marne launch a project to upgrade the GEOVAL network, aiming to deliver 20 GWh annually with 90% decarbonised energy.
PT SMI invests $144.9mn in key geothermal power plant in Indonesia
State-owned PT SMI financed 65% of the Ijen geothermal plant, recently inaugurated, while continuing social responsibility programmes in East Java province.
Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential
The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
Clean Energy Technologies installs ORC system for global industrial manufacturer in the United States
Clean Energy Technologies and RPG Energy Group completed the installation of an Organic Rankine Cycle heat recovery system at a major industrial site in Tennessee.
Factor2 Energy raises $9.1mn to industrialise geothermal power from stored CO₂
German start-up Factor2 Energy has raised $9.1mn in venture capital to develop a geothermal system based on CO₂ injected into porous geological formations, with the goal of buildin
Dig Energy raises $5mn to industrialise lightweight geothermal drilling technology
Start-up Dig Energy has secured $5mn to launch its first pilot projects for compact geothermal drilling, aiming to cut thermal energy production costs in buildings without relying

