The 2019 edition of the EGEC market report confirms the positive developments of the past years in the geothermal sector. The geothermal electricity market kept growing exponentially in 2019, following the dynamics of 2018. Geothermal District Heating & Cooling systems sparked stronger interest throughout Europe with many new planned projects compared to 2018. The geothermal industry hit the milestone of 2 million heat pumps installed in Europe in 2019, becoming mainstream in key countries.
Overall, the use of geothermal energy can scale up very rapidly with the right policies and market conditions.
On the contrary, the stop-and-go policies witnessed in certain countries represent a huge disruption for geothermal technologies, hinder the market and ultimately slow down the uptake of urgently-needed solutions to decarbonise the European economies.
The full version of the EGEC Geothermal Market Report, complete with supporting data and tables, is available to EGEC members.