Geothermal Energy Poised to Nearly Double in Value by 2034

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Why This Matters

The global geothermal power market is expected to nearly double in value by 2034, driven by its high capacity factor and reliability, making it a critical component in building resilient, low-carbon electricity grids.

Market Impact

Market impact analysis based on bullish sentiment with 70% confidence.

Sentiment
Bullish
AI Confidence
70%

Article Context

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Geothermal power, which harnesses the Earth’s natural heat for electricity generation, heating, and industrial processes, is recognized within the energy sector for its high capacity factor. This reliability is a key differentiator, enabling geothermal plants to provide consistent baseload power, unlike intermittent sources such as solar and wind, according to industry analysts. This positioning makes geothermal a critical component in building resilient, low-carbon electricity grids. The global geothermal power market is projected to nearly…

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Original article published by OilPrice.com on November 20, 2025.
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