Last Update: 04/05/2026 at 2:50 PM EST
Geothermal Heat Pumps Gain Ground
Coverage from U-M Erb, EIN Presswire, and others
Articles
7
Latest Article
01/26
Active Days
323
Executive Summary
US geothermal report shows power capacity growth and faster drilling, while heat pumps and district networks expand with broad state support
- U.S. geothermal power capacity reached 3,969 MWe in 2024, up 8 percent from 2020
- Twenty-six new geothermal PPAs now cover more than 1,000 MWe under development
- Utah FORGE drilling time fell from 310 hours in 2020 to 110 hours in 2023
- More than $1.5 billion in private capital has flowed into next generation geothermal companies
- Geothermal heat pump installations rose in residential and commercial buildings nationwide
- 34 states and Washington DC offered geothermal heat pump incentives as of December 2025
- Eight states enacted regulations or programs supporting thermal energy networks
Quick Facts
- What: Geothermal power and heat pump markets are expanding
- Where: United States with activity in multiple states
- Why: Faster drilling, incentives, and utility interest are driving adoption
- Who: National Laboratory of the Rockies and geothermal developers
- When: Through 2024 and December 2025
Coverage Timeline: 323 Days
Featured Article
The 2025 US Geothermal Market Report reports rising GHP adoption across the United States, supported by IRA incentives and district TEN pilots.
Additional Articles
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In 2026, at the Geothermal Rising Conference in the United States, experts outlined how geothermal heat pumps use shallow wells and ground temperatures for heating and cooling.
Geothermal ground-source heat pumps transfer heat via buried loops to heat and cool buildings, delivering COPs of 3 to 5 and enabling grid friendly electrification.
The National Laboratory of the Rockies released the 2025 US Geothermal Market Report documenting growth in geothermal power and heating and cooling applications in the United States through 2024.
National Laboratory of the Rockies and the Department of Energy publish the 2025 US Geothermal Market Report on market growth across power, heating and cooling.
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StartUs Insights report for 2026 shows heat pumps as a core element within the expanding renewable energy market worldwide, highlighting inverter driven pumping and system integration.
Researchers Mamdouh Assad and Mohammad Nazari publish a technical book in 2026 in Sharjah and Tehran mapping geothermal systems and heat pumps, citing IEA projections for global deployment.