Geothermal energy market and Baseload Capital in the spotlight

Geothermal energy has been quietly doing its job, producing clean, reliable power 24/7, while other renewables have been making the headlines. That’s starting to change.
Articles
January 26, 2026

A recent article on the global energy transition showcases geothermal as the “renewable that never sleeps,” and explores how the billion-dollar geothermal energy market, with Baseload Capital as one of the key innovators, is continuing to grow and gain traction globally.

Comparing geothermal energy to marathon runners and solar and wind to sprinters, the article points to a global geothermal market expected to grow from USD 6.3 billion, (44% of which is currently in Asia Pacific) to USD 8.6 billion by 2035. It also points to countries like Iceland, Kenya, and Indonesia, which derive between 20–30% of national electricity from geothermal energy.

Innovation is also reshaping the sector. Advances such as enhanced geothermal systems and modular plant design are expanding where geothermal can be developed and how efficiently heat can be converted into power. As stated in the article, the real excitement in geothermal today doesn’t come from wells that already exist, but from those that soon will. At the same time, geothermal energy’s role is broadening beyond electricity to include heating, industrial use, and integrated energy systems.

But reaching geothermal heat isn’t cheap, deep drilling requires significant upfront investment. However, once online, geothermal plants operate at low cost and can run for 50 years upwards, more than twice as long as windfarms. And, with capacity factors exceeding 85%, more than double that of most solar installations, geothermal provides clean power 24/7. This is something governments are increasingly recognising as they look to support new geothermal projects.

The article wraps up by explaining how competition in the geothermal energy market is heating up. While established players continue to dominate equipment and large-scale development, a new group of innovators, including Baseload Capital, is reshaping how geothermal is financed and harnessed. This is aligned with a shift in focus from one-off projects to scalable platforms, positioning geothermal not as an alternative technology but as long-term energy infrastructure: modular, digital, and increasingly investable and profitable.

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