Alphaxioms Geothermal News and Related Research Globally

The Rising Potential of Geothermal Energy: Insights from the  IEA The Internationa geel Energy Agency  (IEA) has shed light on the transformative potential of geothermal energy in its latest report. As a clean, renewable resource, geothermal is uniquely positioned to play a vital role in achieving global climate goals, thanks to its reliability and diverse applications. The report emphasizes the urgent need for investments, technological innovation, and supportive policies to maximize geothermal's contribution to the energy transition. Earlier on we reported on the agencies deep dive into critical minerals and we are fascinated to keep our readers on track. Current Status and Future Projections Geothermal energy is currently underutilized, generating 67 TWh of electricity annually. However, with enhanced deployment strategies, this figure could soar to 1,400 TWh by 2050. Additionally, direct applications of geothermal heat could rise to 1,600 TWh annually. This growth would s...