GEOLAC 2026 Market News

Project InnerSpace launches GeoMap South America to uncover geothermal potential

October 24, 2025

Project InnerSpace has unveiled GeoMap™ South America, a free exploration platform revealing the continent’s vast untapped geothermal resources — among the highest heat flow zones globally. The tool integrates millions of surface and subsurface data points, identifying major geothermal opportunities across the Andes for power generation, mining, and urban heating. Highlights include an estimated 1,200 […]

Brazil launches Progeo program to develop national geothermal energy potential

October 9, 2025

Brazil’s National Energy Policy Council (CNPE) has approved the creation of Progeo, the National Geothermal Energy Program, to promote the exploration and use of geothermal resources across the country. The initiative aims to establish regulatory frameworks, encourage research and innovation, and support local industry development, marking Brazil’s first coordinated effort to tap into its geothermal […]

OECS advances 30 MW geothermal project in St. Kitts and Nevis with five bids and US$37 million secured

August 28, 2025

The OECS Commission has received five bids from internationally recognized firms, including Iceland Drilling, Marriott Drilling, Ormat Technologies, and others, for the production drilling phase of the planned 30 MW geothermal power project in St. Kitts and Nevis. With US$37 million already secured from international lenders, drilling is expected to begin in early 2026 to […]

INGEMMET confirms volcanic-origin geothermal system at Tutupaca site in Southern Peru

June 13, 2025

Peru’s Geological, Mining, and Metallurgical Institute (INGEMMET) has confirmed the presence of a volcanic-origin geothermal system at the Tutupaca site in Tacna’s Candarave district. Source: Piensa Geotermia