Geothermal Market Poised for Accelerated Growth in Coming Years

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 68%

Geothermal Energy أخبار

Renewable Energy,Baseload Power,Greenfield Projects

Geothermal energy, currently accounting for a modest share of the world's power supply, is poised for accelerated growth in the coming years as economies prioritize renewable baseload energy sources.

Geothermal energy is set to play a significant, albeit small role in the power mix of the future, building on its currently modest 0.3% share of the world’s power supply. As global economies ramp up their efforts to decarbonize, the importance of renewable baseload energy sources such as geothermal is expected to increase in the coming years. Installed geothermal power generation capacity currently stands at 16.

Apart from the fact that current geothermal projects are heavily location restricted, a major barrier holding the industry back is the risk borne by the developer. Geothermal projects are often considered high risk due to the many uncertainties involved, such as subsurface conditions and recoverable resource volumes – similar to oil and natural gas projects. Risk sharing is one of the ways in which the burden on the developer can be lessened.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 34. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين