Solutions / Geothermal

Geothermal

Which geothermal projects get built, when, and at what cost

Our geothermal project, lease, and PPA trackers, developer leaderboard, and economics model in one solution. All alongside our market-leading geothermal research. Built for the teams betting on clean firm power.

Talk to salesSee what’s inside
Announced capacity
About half is credible
Uprate potential by plant
Capital tracked
$7.9bn
Across 157 geothermal deals
Projects tracked
624
Exploration to operational, every technology
Contracts tracked
226
PPAs, supply, and offtake deals linked to projects
Uprate opportunity
1.1GW
Faster MW at existing US plants
Trusted by the teams that finance and build the energy system

Geothermal is moving from pilot to bankable. Know which projects make it.

Pipeline and credibility coverage
Plan against the capacity most likely to come online
Track every geothermal project from lease to operation, scored for credibility and rolled into a risk-adjusted forecast.
Economics modeling and benchmarks
Pressure-test project economics before you commit
Run our economics model across conventional and enhanced systems, or emerging approaches, then check it against real PPA and lease prices.
Expert-backed market intelligence
Turn a fast-moving market into a clear strategy
Quarterly outlooks, technology deep dives, and developer and supplier leaderboards, with direct access to the analysts behind them.

How teams use it

Oil and gas and oilfield servicesUtilities and hyperscalersInfrastructure funds and lendersDevelopersVenture and growth investors
Oil and gas and oilfield services
Move drilling and subsurface skills into a power market, and pick the right partners and acquisitions.
  • Track lease wins and drilling milestones by developer
  • Screen next-generation developers for partnership or M&A
  • Size where drilling and service demand is building
Utilities and hyperscalers
Buy firm clean power from projects that will deliver on time.
  • Benchmark PPA terms against every disclosed deal
  • Vet a developer’s track record before you sign
  • Find uprate sites that can add megawatts fastest
Infrastructure funds and lenders
Size project risk with a defensible view of cost and delivery.
  • Run the economics model on a project’s own assumptions
  • Rank sponsors on the developer leaderboard
  • Watch lease, permit, and PPA milestones across your book
Developers
Benchmark your projects against peers and make a sharper pitch to offtakers and capital.
  • See who is bidding for land near your sites
  • Compare your costs with our model benchmarks
  • Find offtakers that have already bought geothermal power
Venture and growth investors
Decide which technologies and companies are crossing into bankable.
  • Compare readiness of enhanced and emerging approaches
  • Track rounds and investors across 155 geothermal deals
  • Spot developers moving from pilot to commercial scale

What’s included

Data
Geothermal project tracker
600+ projects with status, capacity, technology, developers, suppliers, and milestones
Geothermal PPA tracker
Offtaker, developer, MW, and terms for every disclosed deal
Lease tracker
Every federal lease sale since 2014, with winners and prices
Uprate sites
Opportunities at existing plants where new drilling tech can add capacity fastest
Models and forecasts
Geothermal economics model
Capex, cost per MWh, revenues, and returns for conventional, enhanced, and emerging approaches, in Excel
Developer leaderboard
Developers ranked on land, offtake, financing, and delivery
Credible capacity forecast
The announced pipeline, risk-adjusted project by project
Research and analysts
Geothermal Outlook
What moved, and how close geothermal is to bankable
Technology deep dives
Readiness, cost, performance, and the Currence take
Analyst takes
Fast reads on market events, from auctions, PPAs, and deals to company moves
Analyst access
A structured or conversational session with our geothermal analysts, plus questions as they come up

Selected recent research

OutlookGeothermal Market Update, Q3 2026EGS is moving US geothermal closer to bankable, but it is not there yet.Deep diveGeothermal Lease TrackerNew Mexico’s first 2026 auction nearly doubled 2025’s high.ForecastGeothermal Credible Capacity PipelineRoughly half of announced capacity is credible.Leaderboard2H26 Geothermal Developer LeaderboardFervo leads, with hydrothermal incumbents close behind.Tech profileEnhanced Geothermal Systems (EGS)Readiness, cost, and performance benchmarks, plus the Currence take.Deep diveFastest MW: US GeothermalA 1.1GW opportunity for faster uprates at existing sites.

Solutions that pair with this one

MarketSpeed to PowerHow geothermal compares with every other route to firm power.MarketNuclearThe other clean firm option competing for the same offtakers.CapabilityProject EconomicsThe same economics modeling across data centers and other technologies.

Common questions

Get a demo built around your projects and markets.
Tell us what you are trying to decide and an analyst will walk you through it.
Request a demo
What does the Geothermal solution include?
Four trackers (projects, PPAs, lease sales, and uprate opportunity sites), the geothermal economics model, the developer leaderboard and credible capacity forecast, the quarterly Geothermal Outlook, technology deep dives, and access to our geothermal analysts.
How do you decide which projects are credible?
Every project is scored using a framework developed by Currence that looks at development stage, how firm the offtake is and who it’s with, technology, and the developer’s experience. The forecast then risk-adjusts the announced pipeline project by project.
Which technologies does it cover?
Conventional hydrothermal, enhanced geothermal (EGS), and emerging approaches such as closed-loop and superhot, plus uprates at existing plants.
What geography does it cover?
Primarily US development of generation intended to serve the AI buildout, but also projects across Europe, Africa, and Asia.
Can I run the economics model on my own project?
Yes. The model ships in Excel so you can change the assumptions, and we can run your sites through it and walk you through the results.
How often is it updated?
Projects weekly, PPAs monthly, lease sales as each auction closes, the outlook every quarter, and the leaderboard and forecast twice a year.
How is it delivered?
In the Currence platform, as Excel downloads, or inside Claude, ChatGPT, Gemini, or Copilot through the Currence MCP. API access is available as an add-on.
Is it part of the free newsletter?
No. CTVC and Powerstack stay free. The Geothermal solution is a separate subscription, and it is already included for Currence Platform clients.

Talk to our team

Tell us the projects, developers or markets you are looking at and we'll show you the Geothermal solution on the questions you care about.

Request a demo
Coverage
Data Centers & PowerCompass
Insights
BlogReportsPowerstackCTVCCustomer Stories
Company
About usCareersTalk to salesTerms of UsePrivacy Policy
Powerstack Newsletter
A weekly briefing on the moves and motives shaping power markets  

Join the community of power and utility leaders, developers, and investors.
Subscribe
© Copyright 2026 Currence