Global Geothermal Growth Opportunities

Description

Innovative Culture in Exploration and Production, Heat Decarbonization, and Sustainable O&G Industry Drive Geothermal Investments

Exploiting the earth's energy to produce power and heat (geothermal) is not new. Plants have been operational since the 1960s, but many factors have given significant momentum to the industry. Several new exploration and production techniques are from the oil & gas (O&G) industry. These techniques have made the viability of projects much higher, as exploration companies can locate the required heat source.

Closed-loop extraction techniques minimize the environmental impact on water tables and soil, making geothermal energy sustainable. Financing baseload renewable energy has become much more attractive for investors. Utilizing the heat produced by geothermal in district heating or for own use in oil & gas operations helps decarbonization. The total installed capacity globally is estimated to increase from 15.9 GW in 2022 to 21.3 GW in 2030 at a CAGR of 3.71%. This increase will see a total investment of $11.3 billion, rising from $358 million in 2022 to $1.83 billion in 2030.

Product Code: MG6E-27

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Geothermal Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Key Findings
Scope of Analysis
Key Market Participants in the Geothermal Market
Technology Overview: Key Plant Types
Technology Overview: Technologies by Temperature/Depth
Technology Overview
Major Trends Shaping the Global Geothermal Market
Growing Interest of the Oil and Gas Industry in Geothermal
All Bets on Closed-loop Systems
Geothermal as a Storage Medium
Geothermal as a Storage Medium (continued)
Data Center Investment
Google's RE Investment
Geothermal District Heating
Growth Drivers
Growth Restraints
Revenue and MW Forecast-Global Geothermal Market
Revenue Forecast-Top 10 Countries
MW Additions Forecast-Top 10 Countries
Installed Base-2022 and 2030
Revenue and MW Forecast Discussion
Revenue and MW Forecast Discussion (continued)
Turkey
United States
New Zealand
Indonesia
Kenya

Growth Opportunity Universe

Growth Opportunity 1: Geothermal Servicing
Growth Opportunity 1: Geothermal Servicing (continued)
Growth Opportunity 2: OEM as Owner/Investor
Growth Opportunity 2: OEM as Owner/Investor (continued)
Growth Opportunity 3: Repurposing Depleted Oil & Gas Fields
Growth Opportunity 3: Repurposing Depleted Oil & Gas Fields (continued)
Growth Opportunity 4: Geothermal Heating
Growth Opportunity 4: Geothermal Heating (continued)
List of Exhibits
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