EIG Geothermal Catalyst Partners invests in Power Planet for enhanced geothermal system projects

Type: Investment · Technology: Geothermal · Country: United States · Announced: 2026-08-19

EIG Geothermal Catalyst Partners (GCP), a fund managed by energy and infrastructure investor EIG, completed its inaugural investment by partnering with Power Planet, a geothermal development company. This investment will support the continued development of Power Planet’s Star Peak EGS Project in Nevada and the company’s broader portfolio of enhanced geothermal system (EGS) projects. The Star Peak project is expected to benefit from existing geothermal infrastructure, available interconnection capacity, and subsurface data, supporting a phased development approach towards commercial-scale generation. Power Planet anticipates delivering EGS electrons to the U.S. grid in 2027/2028, with EIG's partnership instrumental in accelerating the project and attracting additional capital. The fund aims to help sponsors address technical and commercial risks in the geothermal sector, enabling broader institutional participation.

Analysis

EIG Geothermal Catalyst Partners, a fund managed by EIG, announced its inaugural investment on August 19, 2026, by partnering with geothermal development company Power Planet for enhanced geothermal system projects in the United States. EIG is a leading institutional investor in the global energy and infrastructure sectors, specializing in private investments in energy and energy-related infrastructure globally. This investment will support Power Planet's Star Peak EGS Project in Nevada and its broader portfolio of enhanced geothermal system projects. Power Planet anticipates delivering EGS electrons to the U.S. grid in 2027/2028.

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