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Innargi has been granted a permit to explore and extract geothermal energy in Virum, clearing a key regulatory hurdle for its partnership with Vestforbrænding to supply new district heating areas with geothermal heat

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.

American Critical Resources (ACR), a subsidiary of Controlled Thermal Resources Holdings Inc. (CTR), has signed a non-binding letter of intent with Plum Acquisition Corp. IV, a publicly listed special purpose acquisition company, to pursue a proposed business combination.

Iceland is strengthening its position as a global leader in renewable energy with a fresh ISK 600 million investment dedicated to innovation and technological development in geothermal energy.

Germany’s Federal Ministry for Economic Affairs and Energy has teamed up with insurance giant, Munich Re, and KfW, the nation’s development finance institution, to launch a new financing package to promote geothermal energy for municipal and industrial heating.

Chevron CEO Mike Wirth has outlined a pragmatic yet forward-looking vision for the energy transition, positioning biofuels and geothermal energy as key growth opportunities alongside the company’s core oil and gas business.

A subsidiary of MVM has signed a HUF 7.86 billion contract for geothermal drilling and well-testing activities in the Kiskunhalas area, marking a significant step in Hungary’s renewable energy transition.

The chief executive of Chevron Corp., the US oil major, has spoken of the company’s interest in the USA's growing geothermal sector, among other alternative and renewable energies.

The head of one of the world’s largest oil companies, Mike Wirth acknowledged his interest in everything from carbon capture to hydrogen, as well as geothermal, during a recent industry event.

Wirth was speaking at the recent WSJ CEO Council, and was cited in an article afterwards by the Wall Street Journal newspaper.

During the event, the Chevron CEO touched on various new renewable energy business opportunities, alongside plans to grow its traditional oil and gas activities.

Other major Big Oil corporations, including ExxonMobil, are also actively exploring new and alternative energy technology opportunities, including lithium.

Cited by the WSJ article, Wirth noted that geothermal offers “real promise” despite some of the sector’s drilling methods and technologies only being at an early stage.

According to the article, Wirth said Chevron hopes to leverage its experience “to advance and scale novel geothermal energy, which can potentially allow access to a widespread baseload, non-intermittent resource that can complement and add capacity to meet the world’s growing renewable-power demand.”

Interest in the geothermal energy sector in the USA has been broadly encouraged in recent months by the Trump administration, a keen champion of the nation’s oil and gas industry.

In the WSJ article, Wirth noted that all energy sources — from oil and gas, to coal, nuclear, as well as geothermal and other renewable alternatives — will be in focus against a backdrop of rising global energy demand.

“There’s no silver bullet, we need it all,” he said at the conference, cited by WSJ.

Other major industry players, including traditional drilling and technology service providers to the oil and gas sector, such as Baker Hughes and Saipem, have also expressed an interest in the potential of geothermal energy and are exploring early opportunities.

The International Geothermal Standard Committee (IGSC) was established last month in Beijing, marking a major milestone in global geothermal standardisation.

Maren Maras has officially commenced operations of two new geothermal power plants in Aydin, Türkiye, marking another significant milestone in the country’s renewable energy transition.

USA geothermal exploration company Zanskar has announced the discovery of ‘Big Blind’, the first commercial blind geothermal system in the US in over 30 years.

The Scottish university has secured a £1mn (US$1.3mn) public grant for a geothermal feasibility pilot study to unlock the potential lying under the ground.