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Geothermal Joint Ventures Heating Up as Developers Pursue Scale

Salton Sea geothermal project in California.
Mike Matson, CEO of Birch Geothermal, expects to see a joint venture trend within the geothermal space. The Salton Sea geothermal project in California is pictured. (Shutterstock)
August 20, 2026 02:43 PM CDT

DENVER—Joint ventures within the geothermal space are poised to make a comeback as developers seek to unlock capital and scale next-generation technologies, according to startup Birch Geothermal.

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