Ember Reports Potential for Increased Geothermal Electricity Production in Europe
Ember's analysis indicates that geothermal electricity production in Europe could rise significantly due to advancements in drilling and reservoir engineering. Currently, geothermal contributes less than 0.5% of the global electricity mix, but by 2030, an estimated 1.5 GW of new capacity could be added annually worldwide. The report highlights Hungary's potential for 28 GW of capacity, with additional potential in Poland, Germany, and France. If new capacities are deployed, geothermal could generate approximately 301.3 TWh annually in the EU by 2025, significantly impacting coal and gas generation.
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According to Ember, advancements in geothermal technology could lead to a substantial increase in electricity production in Europe. Currently, geothermal energy accounts for 99 TWh globally, less than 0.5% of the electricity mix.
By 2030, the global geothermal capacity could grow by 1.5 GW annually, tripling the output from 2024. Europe, with 147 geothermal plants and nearly 3.5 GW of capacity, produced about 20 TWh in 2024. The EU could develop around 43 GW of enhanced geothermal capacity at costs below 100 €/MWh.
Significant potential lies in Hungary (28 GW) and lesser amounts in Poland, Germany, and France (4 GW each). Geothermal could produce 301.3 TWh in the EU by 2025, offsetting coal and gas output. The technology is low-emission and flexible, capable of integrating with renewable sources. However, responsible development is crucial to mitigate induced seismicity risks.
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