In the framework of the Global Geothermal Alliance (GGA), IRENA and the International Geothermal Association (IGA), developed the Global Geothermal Market and Technology Assessment, to identify emerging trends in the geothermal industry, which are likely to drive geothermal growth globally, and in different regions in the coming years.
The report provides an assessment of the status of geothermal electricity and heating and cooling capacities; as well as the key trends relating to technological advancement, cross-industry collaborations between geothermal and related sectors, and the increasing utilisation of low- and medium temperature resources for electricity generation, and heating and cooling applications. It also assesses the recent developments in the wider energy sector including energy transition and climate policies, the ongoing energy crisis, energy market policies, and their impact on geothermal development at the regional and global level.
Finally, the report provides recommendations to guide policy makers, potential investors, development partners and other stakeholders on how to promote growth of geothermal markets, exploit the potential of geothermal energy and further expand geothermal’s integration within global energy systems.
The report may be accessed at: https://www.irena.org/Publications/2023/Feb/Global-geothermal-market-and-technology-assessment.