China is winning the race for global clean energy dominance. Beijing has outspent every other country on Earth for years now, and controls critical global clean energy supply chains. Between 2019 and 2025, Beijing spent more than the rest of the world combined on clean energy. The United States’ and Israel’s war in Iran has only granted more of an advantage to China. Buoyed by sizable investments from the federal government as well as from Big Tech, the United States is fast becoming the distinguished frontrunner in the global geothermal energy sector.