In late November, as part of the BRYCK partnership and the broader Tech Tour Energy & Decarbonisation 2025 programme, GEORG and Landsvirkjun co-organised a dedicated geothermal session that brought together industry leaders, investors, and experts to discuss pathways for scaling geothermal energy in Europe and beyond.
The session focused on sparking interest in geothermal innovation and investments, highlighting strengths in technology development, resource utilisation, and investment potential. Speakers underscored the latest advancements in geothermal systems, emerging business models, and evolving market opportunities across Europe’s heating, cooling, and power sectors.
Luca Giancarlo Xodo, Sales & Engagement Director at STEAM and Chairman of ETIP-Geothermal, opened the session with the “Geothermal Technologies Super-Short Course – The Innovations Driving Market Expansion.” He outlined how next-generation geothermal technologies—from advanced closed-loop concepts to 5th-generation district heating—are broadening geothermal’s geographical applicability, reducing costs, and attracting new pools of capital, including venture capital.
Bríet Ósk Magnúsdóttir, Business Innovation Manager at Landsvirkjun, presented Iceland’s unique geothermal landscape and innovation ecosystem. She highlighted ongoing efforts in deep drilling, subsurface research, and circular value creation, including applications in materials, microalgae, and industrial processes. Her presentation illustrated how Iceland’s expertise provides a model for accelerating renewable energy transitions across Europe.
Alicja Stokłosa, Director of GEORG Geothermal Research Cluster, closed the session by emphasising the importance of cross-sector partnerships to drive geothermal deployment. She highlighted the role of coordinated research, industry collaboration, and investor engagement in accelerating technology transfer and strengthening Europe’s geothermal value chain.
The event reinforced geothermal energy’s essential role in delivering firm, renewable, baseload power and heating—combining reliability, sustainability, and innovation to support decarbonisation at scale.
GEORG extends its thanks to BRYCK, Tech Tour, Luca Xodo (STEAM), Bríet Ósk Magnúsdóttir (Landsvirkjun), Marit Bromer (IGA), and all participating investors for their contributions. GEORG remains committed to advancing geothermal innovation and building strong international partnerships.
Stay tuned for updates on future collaboration opportunities.
