in News Departments > New & Noteworthy
print the content item

A total of 454 geothermal power projects are now under active development worldwide, with surface exploration already under way, according to a new report from Pike Research. In fact, 64 countries have geothermal projects slated for development, compared to fewer than 30 countries just a few years ago.

Although geothermal power projects typically take many years to develop, the report says the geothermal power industry is rapidly expanding beyond its traditional markets. Promising resources in emerging markets and innovative technology demonstration projects are helping to exploit untapped geographic potential.

“As of the first quarter of 2013, an estimated 18.5 GW of geothermal power capacity is in the pipeline,” says senior research analyst Mackinnon Lawrence. “Although a substantial portion of this capacity will never reach fruition, it’s clear that both project developers and investors have recognized the vast energy potential of geothermal resources, signaling a likely expansion in geothermal activity over the next decade.”

Conventional geothermal (hydrothermal) power, representing 90% of the projects identified in the report, exploits naturally occurring pockets of steam or hot water close to the Earth’s surface to generate electricity. Because such conditions are rare, the majority of today’s geothermal power projects are located in rift zones or volcanically active parts of the world where such anomalies are more likely to be present.

Advances in enhanced geothermal system (EGS) technology, which uses deep drilling and injected water to create underground steam reservoirs, could open up new areas to geothermal power projects. According to the report, 252 GW of EGS capacity is currently under development across North America, Asia Pacific, Western Europe and Eastern Europe.


Hybrid Energy Innovations 2015
Latest Top Stories

Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.

S&C Electric_id176
Hybrid Energy Innovations 2015
edf_id180
Future Energy_id187