Geothermal startups move back onto Europe’s VC radar
European investors are paying renewed attention to geothermal startups as demand grows for reliable clean power.
The clean-energy market is looking beyond intermittent renewables for sources of electricity that can operate around the clock.
What happened
A fresh European investor survey highlighted a new group of geothermal startups attracting venture attention, particularly companies working on drilling economics, subsurface intelligence and next-generation project development.
Why it matters
Geothermal offers firm low-carbon power but has historically struggled with drilling cost, geological risk and long project timelines. New technology could make more locations commercially viable.
The bigger picture
Rising electricity demand from data centres and industry is increasing the value of clean power that can run continuously. That is bringing geothermal back into the climate-tech investment conversation.