EGS

A neglected Lightning Dock geothermal plant in New Mexico was revived by Zanskar with a deeper 8,000-foot well, delivering >4,000 gpm and 15 MW after 12 months, doubling generation vs old wells and demonstrating deeper drilling can unlock hidden geothermal potential.

Eavor’s Geretsried closed-loop geothermal project produced grid electricity but faced drilling challenges, reduced drilling times by over 70%, and now seeks new partners/investors to complete Loop 2, backed by a 91.6 million euro EU Innovation Fund grant, targeting 8.2 MW of electricity or 64 MW of district heating at full scale.

Ormat leverages next-generation geothermal tech and policy tailwinds to scale from a niche baseload player toward a broader, capital-intensive growth path driven by enhanced geothermal systems and a wave of startup funding.