Support for Field-Scale Tests and Exploration Drilling Can Help Advance Affordable, Reliable, Secure Geothermal Energy for American Homes and Businesses WASHINGTON—The U.S. Department of Energy (DOE) today announced a funding opportunity of $171.5 million to support next-generation geothermal field-scale tests for both electricity generation and exploration drilling to support characterization and potential confirmation of promising geothermal prospects. The activities enabled by this opportunity will help deliver on President Trump’s Executive Order, Unleashing American Energy by advancing geothermal technology, innovation, and exploration, in turn supporting the potential for geothermal energy to provide affordable, reliable, around-the-clock domestic electricity to Americans nationwide. “Work under this opportunity will directly support our commitments to advance energy addition, reduce energy costs for American families and businesses, and unleash American energy dominance and innovation,” said DOE Assistant Secretary of the Hydrocarbons and Geothermal Energy Office Kyle Haustveit. “Thanks to President Trump’s America First Energy Agenda, these demonstrations and drilling activities will help us realize the enormous potential of geothermal to spur domestic manufacturing, enable data center growth, and provide affordable, reliable, and secure energy solutions nationwide.” The funding opportunity includes six topics with varied levels of funding and awards anticipated. For the first round of applications, two of the six topics will be open, seeking field tests for enhanced geothermal systems and drilling for next-generation and hydrothermal resource characterization / confirmation. Although the United States leads the world in geothermal electricity capacity with about four gigawatts, DOE analysis shows the potential for at least 300 gigawatts of reliable, flexible geothermal power on the U.S. grid by 2050. Projects under this opportunity are expected to help derisk geothermal development approaches and locations nationwide, which can encourage private investment, spur industry growth, and help realize the country’s geothermal potential. Letters of Intent for the opportunity are due March 27, 2026, and full applications are due April 30, 2026.

WASHINGTON—U.S. Secretary of Energy Chris Wright today announced the Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) has closed a historic $26.5 billion loan package to deliver over $7 billion in electricity cost savings to millions of customers in Georgia and Alabama. In accordance with President Trump’s Executive Order, Unleashing American Energy, this unprecedented loan package will support two wholly owned subsidiaries of Southern Company. Funded under President Trump’s Working Families Tax Cut, the investment will lower American energy costs, create thousands of jobs, and increase grid reliability in Georgia and Alabama. “Thanks to President Trump and the Working Families Tax Cut, the Energy Department is lowering energy costs and ensuring the American people have access to affordable, reliable, and secure energy for decades to come,” said Secretary Wright. “The President has been clear: America must reverse the energy subtraction agenda of past administrations and add more reliable power generation to our electrical grid. These loans will not only lower energy costs but also create thousands of jobs and increase grid reliability for the people of Georgia and Alabama.” The two loans will build or upgrade over 16 gigawatts (GW) of firm reliable power to the electrical grid. This includes 5 GW of new gas generation, 6 GW in nuclear improved through upgrades license renewals, hydropower modernization, battery energy storage systems and over 1,300 miles of transmission and grid enhancement projects. These loans represent the largest government investment aimed at directly lowering consumer energy costs and increasing grid reliability. Once all funds are received through the program, the loans are estimated to reduce Southern Company’s interest expenses by over $300 million per year, helping expedite lower electricity costs for customers. Southern Company is among the first utilities working with the DOE and the Trump Administration to restore American

Emergency order keeps critical generation online and addresses critical grid reliability issues facing the Mid-Atlantic region of the United States WASHINGTON—U.S. Secretary of Energy Chris Wright issued an emergency order to address critical grid reliability issues facing the Mid-Atlantic region of the United States. The emergency order directs PJM Interconnection, L.L.C. (PJM), in coordination with Constellation Energy Corporation, to ensure Units 3 and 4 of the Eddystone Generating Station in Pennsylvania remain available for operation and to employ economic dispatch to minimize costs for the American people. The units were originally slated to shut down on May 31, 2025. “The energy sources that perform when you need them most are inherently the most valuable—that’s why natural gas and oil were valuable during recent winter storms,” Secretary Wright said. “Hundreds of American lives have likely been saved because of President Trump’s actions keeping critical generation online, including this Pennsylvania generating station which ran during Winter Storm Fern. This emergency order will mitigate the risk of blackouts and maintain affordable, reliable, and secure electricity access across the region.” The Eddystone Units were integral in stabilizing the grid during Winter Storm Fern. Between January 26-29, the units ran for over 124 hours cumulatively, providing critical generation in the midst of the energy emergency. As outlined in DOE’s Resource Adequacy Report, power outages could increase by 100 times in 2030 if the U.S. continues to take reliable power offline. Furthermore, NERC’s 2025 Long-Term Reliability Assessment warns, “The continuing shift in the resource mix toward weather-dependent resources and less fuel diversity increases risks of supply shortfalls during winter months.” Secretary Wright ordered that the two Eddystone Generating Station units remain online past their planned retirement date in a May 30, 2025 emergency order. Subsequent orders were issued on August 28, 2025 and November 26, 2025. Keeping these units operational

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CFEnergía, a subsidiary of Mexico’s Federal Electricity Commission (CFE), has agreed to supply natural gas to Transition Industries LLC for its Pacifico Mexinol project near Topolobampo, Sinaloa, Mexico. Under the signed agreement, which enables the start of Pacifico Mexinol’s construction phase, CFEnergía will supply about 160 MMcfd of natural gas for an unspecified timeframe noted as “long term,” Transition Industries said in a release Feb. 16. The natural gas—to be sourced from the US and supplied at market prices via existing infrastructure—will be used as “critical input for Mexinol’s production of ultra-low carbon methanol,” the company said. Pacifico Mexinol The $3.3-billion Mexinol project, when it begins operations in late 2029 to early 2030, is expected to be the world’s largest ultra-low carbon chemicals plant with production of about 1.8 million tonnes of blue methanol and 350,000 tonnes of green methanol annually. Supply is aimed at markets in Asia, including Japan, while also boosting the development of the domestic market and the Mexican chemical industry. Mitsubishi Gas Chemical has committed to purchasing about 1 million tonnes/year of methanol from the project, about 50% of the project’s planned production. Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group. Last year, the company signed a contingent engineering, procurement, and construction (EPC) contract with the consortium of Samsung E&A Co., Ltd., Grupo Samsung E&A Mexico SA de CV, and Techint Engineering and Construction for the project. MAIRE group’s technology division NextChem, through its subsidiary KT TECH SpA, also signed a basic engineering, critical and proprietary equipment supply agreement with Samsung E&A in connection with its proprietary NX AdWinMethanol®Zero technology supply to the project.