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A recent Ember report suggests that geothermal energy could replace up to 42% of EU electricity generation from coal and gas, offering stable electricity below €100 per MWh. This potential is driven by advancements in deep drilling techniques and EGS, which allow access to deeper, hotter rock layers.

Ember estimates 43 GW of competitive geothermal capacity across Europe, with Hungary leading at 28 GW, followed by Poland, Germany, and France. Geothermal energy's predictable output and high capacity factors position it as a viable alternative to fossil fuels, particularly amid fluctuating international energy prices.