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GEOTHERMAL

Wood Mackenzie report confirms 85% increase in geothermal investment

Enhanced geothermal systems unlock hot dry rock resources beyond traditional sites

Duncan Moore
Fervo has drilled 15 wells at its Cape Station geothermal project and achieved record-breaking commercial flow rates at the site’s first well test

Fervo has drilled 15 wells at its Cape Station geothermal project and achieved record-breaking commercial flow rates at the site’s first well test | Credits: Fervo

A report published by Wood Mackenzie states that North America's geothermal sector broke investment records in Q1 2025, attracting US$1.7 billion in public funding – 85% of 2024.s entire annual allocation...

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