Latest Geothermal News

Foresta Group Holdings reports a doubling of its net loss to $6.8 million for FY2026 amid steady progress on its Kawerau biomass facility, highlighted by a long-term lease and key technical studies.

Mercury NZ Limited posted a staggering 32,000% surge in net profit for FY26 despite an 8% revenue dip, underpinned by strong renewable generation and disciplined cost control.

Contact Energy's July 2026 report highlights increased electricity and gas sales, reduced generation costs, and robust hydro storage, supporting its ongoing renewable investments.

EAU Lithium, a subsidiary of Cosmos Exploration, has signed a strategic Master Services Agreement with VULTEC, the German technology arm of Vulcan Energy Resources, to advance lithium extraction projects in Bolivia using cutting-edge direct lithium extraction technology.

Contact Energy (ASX:CEN) posted a 62% jump in FY26 net profit to NZD 423 million, driven by its Manawa acquisition and a near 98% renewable generation mix, while committing to net zero emissions by 2035.

Altamin Limited has locked in a $2 million unsecured loan facility from its major shareholder Victor Smorgon Group, providing non-dilutive funding to advance its Lazio and Gorno projects and shore up working capital.

Vulcan Energy Resources has reached financial close on its €2.2 billion Lionheart Project financing, unlocking funds and accelerating construction across its integrated lithium and renewable energy facilities in Germany.

Vulcan Energy has kicked off civil construction at its Lionheart geothermal power plant in Landau, marking a key milestone in its integrated lithium and renewable energy project targeting 24,000 tonnes of lithium hydroxide annually.

Mercury NZ Limited (ASX:MCY) posted a 33% jump in Q4 trading margin to $390 million, driven by strong renewable generation and key wind farm progress.

Contact Energy's June 2026 operating report reveals rising electricity and gas sales alongside a sharp decline in generation costs and robust hydro storage. Renewable projects continue to advance, supporting the company’s clean energy ambitions.

Vulcan Energy has received the first tranche of equity funding from its €2.2 billion financing package for the Lionheart lithium and geothermal project, confirming progress aligned with its construction schedule.

Mandrake Resources has secured access to produce bulk lithium brine from a key Utah well, enabling critical technical evaluations that will underpin upcoming Scoping Studies and support development of its 3.3Mt lithium resource.