Geothermal Energy Market

Geothermal energy is the sleeping giant of baseload renewables, and it is a label the sector is slowly beginning to live up to. Unlike intermittent wind and solar, geothermal provides 24/7 carbon-free power and heat with a reliability that developers in other sectors genuinely envy. The market is expanding well beyond traditional hydrothermal volcanic regions in Iceland, Kenya, and Indonesia into Enhanced Geothermal Systems (EGS) and Advanced Geothermal Systems (AGS), which use drilling techniques borrowed directly from the oil and gas industry to access hot rock anywhere on Earth. This opens up a theoretical global resource base that is roughly 100 times current demand.

What Numbro covers: 

Global capacity and resource potential mapping covering Hydrothermal (conventional) versus Next-Gen Geothermal including EGS and Closed-Loop systems. Drilling cost analysis and learning curve potential based on the transfer of technology from horizontal drilling and fracking innovation. Direct Use applications covering district heating networks in Europe and geothermal lithium co-production opportunities. Competitive landscape of global developers including Ormat Technologies, SLB (Schlumberger), Baker Hughes, and emerging EGS startups such as Fervo Energy and Eavor.