North America's Geothermal Energy Revolution: 500 MW by 2031

Houston, Wednesday, 24 June 2026.
Baker Hughes and Mantle Reach Power have joined forces to deploy 500 MW of geothermal energy in North America within five years, a game-changer for the continent’s renewable energy landscape. This partnership aims to overcome long-standing barriers to geothermal adoption, leveraging Baker Hughes’ cutting-edge drilling technology and Mantle Reach Power’s project development expertise. The initiative is set to provide baseload power, addressing the intermittency issues of solar and wind energy. With EnCap Investments backing this $47 billion endeavor, this collaboration signals a significant shift in the energy sector, as traditional oil and gas companies pivot towards sustainable alternatives.