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June 12, 2023

Geothermal goes global, just in time to save oil service $billions

Geo goes from 0.4% to 2.15% of an enlarged energy market

Geothermal system design has recently gone through a transition so that many “closed loop” systems can be installed anywhere. This will lead to a rapid abandoning of traditional geothermal and installations reaching a peak of  17 GW of additional capacity per annum, and a cumulative installed base of just below 245 GW by 2050.

The full report includes:

— 31 page PDF narrative illustrated with graphs
— XLS dataset of predicted numbers to 2050 for:

  • Likely LCOE of AGS geothermal
  • Drilling spend in $mns on AGS geothermal
  • Cumulative installed Geo Capacity MWth
  • AGS Annual additions Outside China
  • AGS Annual additions Inside China
  • Traditional Geothermal
  • Download Executive Summary
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Rethink Energy Research

Rethink Energy forecasts the changing energy landscape and its investment possibilities, as renewables begin to take over from conventional fossil fuels