DOE selected 21 enhanced geothermal projects for nearly $100 million in preliminary funding in 2026 to expand the sector’s geographic reach.
The Texas General Land Office opened an RFI for geothermal, SMRs and gas projects on more than 13 million acres to boost grid reliability and fund schools.
Mazama Energy raised $135 million to develop horizontal wells that tap superhot geothermal heat, aiming for 15 MW per well and first commercial output in
Mazama raised $135 million in a Series B to scale superhot geothermal at Newberry, targeting 750°F reservoirs and 15 MW wells with power generation
DOE’s Geologic Enhanced Mapping System (GEMS) Prize offers $300,000 for algorithms that map hidden geothermal systems; submissions are due Dec 3, 2026.
United Downs geothermal in Cornwall opened in Feb 2026 after wells hit about 3.3 miles; it generates continuous power and tests lithium recovery.
Fervo Energy signed a 396 MW PPA with Google for geothermal power, expanding contracted sales to about 1.1 GW and aiming for first commercial output in
Fervo geothermal is developing Cape Station to use enhanced geothermal systems, aiming for initial output in 2026 and up to 400 MW by 2028 under Google
Iceland’s low‑temperature geothermal fields are fed by rain, snow and coastal seawater; Laugarnes yields ~160 L/s for 50 years. Snow‑melt: 215 MW, 378 GWh.
The DOE’s Hydrocarbons and Geothermal Energy Office launched a Geothermal Center of Excellence at NLR’s South Table Mountain Campus to speed U.S