Geothermal energy projects in New Mexico receive $17.3M in state funding

Four geothermal energy projects across New Mexico recently received more than $17 million to evaluate potential “hot spots” across the state. Results are expected next year, and if data is promising, private developers could start plans for more geothermal plants in the state, according to a top state energy official.

By: Matt Mondschein

Outlets: Source New Mexico

Published: October 13, 2026

Words: 487

Last Updated: 3 days, 23 hours ago

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Four geothermal energy projects across New Mexico recently received more than $17 million to evaluate potential “hot spots” across the state.

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Geothermal energy taps into heat under the Earth’s surface to generate electricity.

State leaders have eyed geothermal energy alongside renewables such as wind and solar as deadlines approach to comply with the landmark Energy Transition Act’s

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