Can geothermal power Central Europe’s energy transition?

REM - Renewable Energy
By Clare Nuttall in Glasgow 26 June 2026
The appeal of geothermal power is strong in a region where the 2022 gas crisis exposed the strategic vulnerability created by dependence on imported fossil fuels.
The IEA expects global energy investment to reach a record $3.4 trillion in 2026, a modest increase on last year despite heightened geopolitical uncertainty. Two thirds of that will go into electricity generation.

Iran war switches energy investment priorities from climate to security where electricity is king - IEA

Energo - CEE/FSU Power
By Ben Aris in Berlin 26 June 2026
The Iran war has switched up government’s priorities and energy investments are now driven less by climate targets than by security concerns, as governments respond to the second major energy crisis in five years.
The energy supply shock caused by the Iran war has pushed governments to increase coal use and slow plans to phase it out. Coal remains a key back up source of energy.

Coal’s unexpected comeback on Middle East conflict energy security fears

Energo - CEE/FSU Power
By Ben Aris in Berlin 26 June 2026
The disruption to global energy markets caused by the conflict in the Middle East has triggered an unexpected resurgence in coal demand, as energy security fears outweigh Climate Crisis commitments.
Nine geothermal systems in Szeged now feed into a vast network of heating plants, substations and underground pipelines.

The geothermal revolution beneath the streets of Szeged

REM - Renewable Energy
By IntelliNews 26 June 2026
Hungary's Szeged has become a laboratory for one of Europe’s most ambitious urban geothermal transitions.
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