# Project InnerSpace Launches Abundance Energy Group to Draw Oil Majors Into Geothermal

> Project InnerSpace launched Abundance Energy Group, a for-profit public benefit corporation targeting 2 terawatts of geothermal capacity globally in under 20 years.

- Published: 2026-11-12T17:20:48+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-12/project-innerspace-abundance-energy-group-launch
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/project-innerspace-announces-the-launch-of-abundance-energy-group-a-public-benefit-corporation-built-to-engage-institutional-capital-and-oil-majors-at-scale-in-geothermal-development-302938180.html)

## Key takeaways

- Abundance Energy Group is a for-profit public benefit corporation within the Project InnerSpace family of entities.
- The structure targets several hundred projects globally, each with a threshold of 500MW or above, for 2 terawatts combined in under 20 years.
- The Geothermal Resources Management System, developed with the Society of Petroleum Engineers International, is slated to publish this month.

Project InnerSpace launched Abundance Energy Group, a for-profit public benefit corporation built to bring institutional capital and oil majors into geothermal development, targeting 2 terawatts of combined generating capacity globally in under 20 years. [PR Newswire](https://www.prnewswire.com/news-releases/project-innerspace-announces-the-launch-of-abundance-energy-group-a-public-benefit-corporation-built-to-engage-institutional-capital-and-oil-majors-at-scale-in-geothermal-development-302938180.html) announced the launch on November 12, 2026.

## How the Abundance Energy Group Structure Works

Abundance Energy Group is designed so oil and gas majors can act as developers of geothermal projects. The corporation intends to engage investors through a multi-stage portfolio approach aligned with the risk profiles and investment mandates of different institutional investors. The research foundation and financial engineering behind the vehicle were developed within a research division of [Project InnerSpace](https://akta.pro/company-profiles/0007rvu/project-innerspace) since 2022 and are now licensed by Abundance Energy Group.

The structure adapts instruments standard in oil and gas development, including joint ventures and working interest arrangements, farm-in and farm-out structures, reserves based lending, futures derivatives markets, royalty and streaming structures, and seismic and geological data markets. The campaign targets several hundred projects globally, each with a threshold of 500MW or above. Development phases are intended to be led by oil and gas majors.

"The good news is, the largest remaining barrier to growth is structural, not technological," said Jamie Beard, Executive Director of Project InnerSpace and President of the Abundance Energy Group. "The Abundance Energy Group was launched to take on this final big barrier — the process of training capital markets to invest at scale in geothermal, and to help geothermal projects speak the language of finance."

## Project InnerSpace's Research and Partnerships

According to akta.pro [company records](https://akta.pro/company-data), Project InnerSpace partnered with the Society of Petroleum Engineers in March 2026 to develop the Geothermal Resources Management System, a standardized resource classification framework modeled on the oil and gas PRMS and projected to cut legal and transaction costs 40-60% for the geothermal industry. The same records list a March 2026 collaboration with XPRIZE, funded by Project InnerSpace, to design an incentive prize targeting breakthroughs in geothermal surface systems and turbomachinery.

## Earlier Steps Toward the Launch

In August 2026, Project InnerSpace and the Society of Petroleum Engineers announced a partnership to institutionalize geothermal energy as a core technical focus area within SPE's disciplines, Renewable Energy Magazine reported. In November 2026, PR Newswire reported that Project InnerSpace was named among the world's five most effective organizations for the fourth consecutive year on Giving Green's Top Climate Nonprofits of 2026-2027.

## What Comes Next for the Geothermal Campaign

The Geothermal Resources Management System is slated to publish this month and will be used within the Abundance Energy Group deal structure. Project InnerSpace said the first designed incentive for the State of Texas is soon to be announced.

## Companies in this story

- [Project InnerSpace company profile](https://akta.pro/company-profiles/0007rvu/project-innerspace) · website: https://www.projectinnerspace.org

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