North America

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).

The Bureau of Land Management (BLM) is now accepting nominations for Idaho public lands for competitive geothermal leasing in preparation for the lease sale tentatively scheduled for November 2027.

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.

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.

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

Ormat Technologies has signed a 20-year Power Purchase Agreement (PPA) with AI provider Switch for the provision of clean renewable energy to serve the data centre industry.

Nasdaq-listed Constellation Energy Corporation has completed the acquisition of Calpine Corporation from Energy Capital Partners (ECP), creating the largest producer of electricity in the US and taking on a portfolio of geothermal assets.

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.

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.