Geothermal Energy Transactions with Efficient Markets

Geothermal energy, often dubbed the “hidden giant” of renewable energy, has the potential to sustainably power millions of homes and businesses. Yet, unlocking this potential requires expertise, partnerships, and a deep understanding of the market—a role Efficient Markets has proudly embraced. Over the years, we’ve connected developers, investors, and government agencies to advance this dynamic sector.

Driving Geothermal Success: From Utah to a National Scale

Efficient Markets’ journey into geothermal energy transactions began nearly a decade ago with Utah’s School and Institutional Trust Lands Administration (SITLA). In 2016, we managed two geothermal lease sales in Utah, offering over 1,180 acres across two tracts. This initial effort set the stage for larger milestones.

In 2017, we hosted three additional sales, including a July event featuring six tracts and 9,650 acres—demonstrating Utah’s growing prominence as a geothermal hotspot. Our platform started to become pivotal in connecting capable developers with this renewable resource.

Building on these foundations, we expanded our work to a national scale in collaboration with the Bureau of Land Management (BLM). Since 2017, we’ve supported 15 geothermal lease sales, including the October 2024 BLM Nevada sale, which offered 66 parcels encompassing 219,000 acres of premier geothermal resources. This event generated over $7 million in bids, a testament to the growing demand for geothermal energy. With momentum building, we anticipate even greater opportunities in 2025 and beyond.

Expanding Horizons: Private Sector Transactions in 2024

Recognizing the evolving needs of the geothermal sector, Efficient Markets expanded its platform in 2024 to offer transaction advisory services tailored to private sector developers and investors. This strategic move enabled us to facilitate the successful sale of privately held geothermal lease interests in Oregon.

By leveraging our extensive industry network and targeted marketing strategies, we hosted a competitive bidding process that reflected the sector’s vibrancy and potential. The outcome? Several highly competitive bids and a clear demonstration of the untapped value in geothermal assets.

Partner with Efficient Markets

Efficient Markets’ long-standing relationships with government agencies have been instrumental in building a vast network of developers and investors. This network is the cornerstone of our success, allowing us to identify opportunities, foster partnerships, and deliver value for all stakeholders.

The geothermal sector is poised for transformative growth, and Efficient Markets is proud to be at the forefront of this evolution. Whether you’re exploring acquisitions, divestitures, or development opportunities, we offer the insights, expertise, and connections needed to achieve success.

Let’s work together to advance geothermal energy development. Feel free to reach out directly at gus.rivero@energynet.com.