How to bring a geothermal well back from the dead

Published on August 4, 2026

This story was originally published by Wired and is reproduced here as part of the Climate Desk collaboration. Geothermal company Zanskar bought a New Mexico power plant in 2024 that appeared from the outside to be failing. The shallow wells had been rapidly losing heat, and the plant was having trouble…

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Home Battery Startup Base Power Raises $1 Billion at $13 Billion Valuation

August 4, 2026
Home energy and battery storage company Base Power announced today that it has raised $1 billion in a Series D funding round and launched Base Core, a home battery designed to support the electric grid.The financing values the company at a $13 billion post-money valuation.According to the company, the financing comes as the U.S. undergoes a foundational shift in energy demand, while traditional po

Bridgepoint raises €5.1bn for latest European direct lending fund

August 4, 2026
Bridgepoint has completed fundraising for its fourth European direct lending strategy, securing €5.1bn in capital commitments and exceeding the fund’s original €4bn target as institutional demand for private credit continues to grow.Bridgepoint Direct Lending IV (BDL IV) closed with total commitments of €5.1bn, including investor subscriptions, term leverage and capital allocated to co-investment