Global Geothermal Energy Investment Expansion

planned

Global investment in geothermal energy is projected to increase by approximately 20% annually through 2030. The expansion is driven by growing momentum in geothermal energy, which harnesses heat from the earth's depths, expanding beyond established centers in Southeast Asia and the US to new regions including Africa and Europe. Investment allocations remain consistent across development phases such as drilling, surface facilities, and steamfield infrastructure. The US growth is driven by enhanced geothermal systems and demand from data centers, Europe focuses on decarbonizing heat, and Southeast Asia on electricity demand. The project includes pilot geothermal cooling plants like the UAE's G2COOL project.