Policy support for the next-generation geothermal sector is deepening as the industry moves into commercial deployments, with the focus in the US — the epicenter of the nascent sector — now shifting toward tools to build financial confidence and catalyze large-scale commercial operations. Now that many technical hurdles have been overcome, both the federal government and expanding state coalitions are seeking to derisk projects and build strategic geological data banks to support a wider rollout of commercial operations. On the other side of the Atlantic, the European Commission is placing its finishing touches on a landmark geothermal policy plan that will similarly address financial risk and data gaps.