2026 GEOTHERMAL UPDATE

Summary from the TLDR newsletter

The biggest projects in geothermal started construction around 18 months ago. The industry executed well enough to get a shot at true commercial-scale deployments. The next few years will determine if the wave of projects can lead to the success metric of '10% of electricity generation'. While the first version of the technology seems possible, subsequent versions and improvements that lead to scalability will be much more challenging. The leading companies are still going strong, which is promising.