NREL 2021 U.S. Geothermal Market Report Released

The U.S. Department of Energy’s (DOE) Geothermal Technologies Office (GTO) announced today that the National Renewable Energy Laboratory (NREL) has published its much-anticipated 2021 U.S. Geothermal Power Production and District Heating Market Report, which highlights areas where the geothermal power sector is primed for technological innovation. The report identifies significant opportunities for expanding power production through cutting-edge enhanced geothermal systems technology development; new power plant operational paradigms such as hybridization and thermal energy storage; and harnessing vast co-production potential from existing oil and gas infrastructure. 

“This new report signals that the geothermal industry is poised to make big leaps into enhanced geothermal systems and the heating and cooling sector,” said Acting Assistant Secretary for Energy Efficiency and Renewable Energy Kelly Speakes-Backman.  “These market strides are reflected in the growth of power purchase agreements in recent years, and they outline the potential for the widespread deployment of this important renewable resource.”

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