Back to today’s briefing

Story perspectives

Geothermal Energy Surges Amid Tax Law Support and Innovation

7/10/2025

23 3

Summary

Story summary

Geothermal energy thrives under President Trump's tax law, maintaining vital investment credits even as wind and solar incentives dwindle. However, the industry grapples with tariffs and compliance hurdles. Innovative technologies are paving the way for expansion, with startups like Fervo Energy and XGS Energy gearing up for major projects in Nevada and New Mexico, promising a bright future for this renewable resource.

1 of 1

Story summary

Geothermal energy thrives under President Trump's tax law, maintaining vital investment credits even as wind and solar incentives dwindle. However, the industry grapples with tariffs and compliance hurdles. Innovative technologies are paving the way for expansion, with startups like Fervo Energy and XGS Energy gearing up for major projects in Nevada and New Mexico, promising a bright future for this renewable resource.