Facing the Heat: Better Technology Helps Meet Growing Geothermal Demand

Posted by Samhita Shah on Mar 28, 2016 1:00:56 PM RSS Share Post

Demand for geothermal energy continues to grow at a steady pace around the globe.  According to the 2016 Annual U.S. & Global Geothermal Power Production Report, a recent study published by the Geothermal Energy Association (GEA), data show a total of 18 new geothermal power plants came online in 2015, adding about 313 MW of new capacity to electricity grids globally.  The global market is at about 13.3 GW of operating capacity as of January 2016, spread across 24 countries. This year the global geothermal market was developing about 12.5 GW of planned capacity spread across 82 countries. Based on current data, the global geothermal industry is expected to reach about 18.4 GW by 2021.  Overall, if all countries follow through on their geothermal power development goals and targets the global market could reach 32 GW by the early 2030s.

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Tags: SKUA-GOCAD, Enhanced Geothermal Systems, geyser reservoir, geothermal, Reservoir Management