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Geothermal Energy Poised to Nearly Double in Value by 2034
The market will grow at a 7.0% CAGR to $14.5 billion by 2034, led by Enhanced Geothermal Systems and binary cycle technology despite high upfront drilling costs.
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2 Articles
Geothermal Energy Poised to Nearly Double in Value by 2034
Geothermal power, which harnesses the Earth’s natural heat for electricity generation, heating, and industrial processes, is recognized within the energy sector for its high capacity factor. This reliability is a key differentiator, enabling geothermal plants to provide consistent baseload power, unlike intermittent sources such as solar and wind, according to industry analysts. This positioning makes geothermal a critical component in building …
·London, United Kingdom
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
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