50 Best Geothermal Energy Companies to Watch in 2026

The most prominent geothermal energy companies ranked by global prominence, funding activity, and market position. Showing the top 50 out of 184 companies tracked on Fsome.

184
Total Companies
$22.6B
Total Funding
$122.7M
Avg Funding
Houston
Top Location
# Company Location Employees Total Funding Last Round Last Funded
1
Sage Geosystems
Sage Geosystems develops geothermal and energy storage technologies that use sub…
Houston 11 - 50 $114.0M Series B 2026-01-21
2
Zanskar
Zanskar develops data-driven technology to identify and develop geothermal energ…
Salt Lake City 101 - 250 $157.2M Series C 2026-01-21
3
Terrestrial Energy
Terrestrial Energy is a developer of a reactor power plant technology to provide…
Oakville 51 - 100 $156.6M Post Ipo Equity 2025-10-28
4
Ormat Technologies
Ormat Technologies engages in the geothermal and recovered energy power business…
Reno 1K - 5K $2.5B Post Ipo Equity 2025-05-27
5
Strataphy
Strataphy offers geothermal cooling via a service model for buildings, industry,…
Dammam 11 - 50 $6.0M Seed 2025-11-24
6
Octavia Carbon
Octavia Carbon is a Direct Air Capture (DAC) company based in Kenya.
Nairobi 51 - 100 $4.6M Seed 2024-10-16
7
Calpine
Calpine is an energy company that generates electricity from natural gas and geo…
Houston 1K - 5K $2.5B Debt Financing 2025-10-14
8
Quaise Energy
Quaise is an energy company that develops a millimeter-wave drilling technology …
Cambridge 11 - 50 $91.0M Series A 2023-12-12
9
Mazama
Mazama Energy is a geothermal operator and development firm committed to develop…
Seattle 11 - 50 $36.0M Series A 2025-10-28
10
XGS Energy
XGS Energy is a geothermal heat harvesting technology company.
Palo Alto 11 - 50 $57.0M Series Unknown 2025-03-26
11
Factor2 Energy
Factor2 Energy developed a geothermal system that uses carbon dioxide instead of…
Duisburg 1 - 10 $9.1M Seed 2025-09-19
12
GA Drilling
GA Drilling is developing a groundbreaking drilling technology PLASMABIT that en…
Trnava 51 - 100 $178.7M Series Unknown 2026-03-03
13
Baseload Capital
Baseload Capital is a Specialized Investment Entity investing in Heat Power.
Stockholm 11 - 50 $146.9M Corporate Round 2025-04-15
14
Pertamina Geothermal Energy
Pertamina Geothermal Energy is adding value by improving end-to-end management o…
Jakarta 501 - 1K Corporate Round 2023-02-24
15
PT Geo Dipa Energi
PT Geo Dipa Energi is a geothermal Energy Company through Geodipa Personnel, Ope…
Dki Jakarta 251 - 500 $230.0M Debt Financing 2025-10-31
16
Orkuveitan
Orkuveitan is an energy and utility company that deals with data utility network…
Reykjavík 501 - 1K $290.1M Debt Financing 2025-11-17
17
Dig Energy
Dig Energy produces purpose-built drilling technology to create highly efficient…
Manchester 1 - 10 $5.0M Seed 2025-09-09
18
Climate Transition Development
Climate Transition Development excels renewables with Green Snow, advancing geot…
Santa Monica 11 - 50 $3.0M Seed 2022-09-01
19
GreenFire Energy
GreenFire Energy delivers geothermal solutions that assure the availability of r…
Walnut Creek 11 - 50 $22.6M Series A 2022-03-01
20
Enel Green Power Hellas
Enel Green Power Hellas is a fully-owned subsidiary of Enel Green Power.
Athens 5K - 10K $382.2M Secondary Market 2023-07-26
21
Électricité de France
EDF is an electric utility company that provides heat humps. wind turbines, phot…
Paris c 10001 max $11.8B Debt Financing 2025-09-29
22
Borobotics
Borobotics is a manufacturing company that offers autonomous drilling robot inte…
Winterthur 1 - 10 $1.6M Seed 2025-01-15
23
Sinopec Green Energy
Sinopec Green Energy is a joint venture established by Sinopec Star and Arctic G…
Baoding 501 - 1K $200.0M Private Equity 2020-12-15
24
Rendesco
Rendesco's mission is to transform the heating business by creating geothermal n…
London 11 - 50 $7.7M Series Unknown 2024-06-13
25
Supreme Energy
Supreme Energy is an energy company that offers geothermal exploration and produ…
Kebayoran Baru 101 - 250 $92.6M Debt Financing 2025-01-14
26
TerraDX Technologies Inc.
AI, Natural Resources, Disruptive Technology
Vancouver 11 - 50 $1.1M Pre Seed 2023-12-31
27
QHeat
QHeat is a geothermal energy technology company
Helsinki 1 - 10 $2.5M Debt Financing 2022-02-01
28
TEVERRA
TEVERRA is all about making the best and safest use of the Earth as a clean and …
Atlanta 11 - 50 $5.0M Grant 2025-06-30
29
EVUS
Evus develops a permanent magnet induction heating and antifouling device, to so…
Las Cruces 11 - 50 $700K Pre Seed 2021-10-01
30
Filio
Filio is AI-powered field documentation: capture photos, videos, 360 media, and …
Atlanta 1 - 10 $180K Pre Seed 2020-01-07
31
ElleThermo
ElleThermo is an energy company that specializes in the manufacturing and sales …
Minato 1 - 10 $2.5M Seed 2024-09-05
32
Bluestone Resources
Bluestone Resources is a natural resource company that explores and develops min…
Vancouver 11 - 50 $203.2M Post Ipo Debt 2022-03-14
33
Geothermal Technologies
Geothermal Technologies is a geothermal energy exploration and production compan…
Baltimore 11 - 50 $1.6M Grant 2021-11-22
34
Terrapin Geothermics
Terrapin Geothermics specializes exclusively in finding and utilizing heat to dr…
Edmonton 1 - 10 $19.0M Non Equity Assistance 2021-04-14
35
Astra Innovations
Astra Innovations is a developer of next-generation tools for the energy sector.
Houston 1 - 10 $500K Pre Seed 2020-01-20
36
Matorka
Matorka is a pioneer in producing environmentally friendly and sustainable seafo…
K├│pavogur 1 - 10 $6.7M Series Unknown 2016-07-25
37
Groupe Beaudoin
Beaudoin Group offers plumbing, heating, geothermal energy, and natural gas serv…
Lévis 251 - 500 $1.0M Series Unknown 2021-03-23
38
Forager Station
Forager Station is a startup that strives to commercialize electrochemical direc…
Frederick 1 - 10 $25K Pre Seed 2025-05-20
39
First Gen
First Gen offers power generation, power distribution, infrastructure, manufactu…
Pasig 501 - 1K $693.0M Post Ipo Equity 2020-07-02
40
Marmott Energy
Marmott Energy specializes in providing geothermal energy to the residential mar…
Montreal 11 - 50 $1.7M Debt Financing 2017-05-09
41
United Technologies Corporation
United Technologies provides a broad range of high-technology products and servi…
Hartford c 10001 max $3.5M Post Ipo Equity 2018-02-28
42
AltaRock Energy
AltaRock Energy focuses on the development of geothermal energy resources and En…
Seattle 11 - 50 $36.5M Series Unknown 2008-08-20
43
Quad Geometrics
Quad Geometrics provides products and services for earth observation to the ener…
Carlsbad 11 - 50 $2.9M Convertible Note 2016-07-15
44
Stalsmidjan Framtak
Stalsmidjan Framtak provides automated anode fork repair system for the aluminiu…
Garðabær, Iceland 51 - 100 $56K Grant 2017-06-01
45
BIOEFFECT
BIOEFFECT's face moisturizers and other skin care products will reduce signs of …
K├│pavogur, Iceland 1 - 10 $491K Grant 2016-03-01
46
Zelandez Holding
Zelandez Holding is a Lithium Technology Services company focused on Engineering…
Wellington 51 - 100 $14K Grant 2024-07-09
47
RENOVA Japan
Renova is a business company that develops and operates power generation facilit…
Tokyo 251 - 500 $14.2M Post Ipo Equity 2019-01-01
48
Geoflow Imaging
GeoFlow Imaging is a tech company using passive seismic imaging to identify high…
Auckland 1 - 10 $9K Grant 2023-09-26
49
Alterra Power Corp
Alterra Power Corp is a power generation company that specializes on geothermal …
Vancouver 51 - 100 $8.9M Post Ipo Debt 2016-10-12
50
Loki Geothermal
Innovative company in the field of geothermal power production.
Reykjavík 1 - 10 $381K Grant 2016-03-01