New Report Highlights Geothermal Potential to Replace 42% of EU Fossil Fuel Power
A report by Ember suggests that enhanced geothermal systems (EGS) could provide 43 GW of power in the EU for under €100/MWh. This could generate 301 TWh annually, covering 42% of expected coal and gas production by 2025. EGS technology, which operates up to 8 km deep, is scalable across Europe, especially in Hungary and Turkey. The report warns that slow expansion could hinder Europe's leadership in renewable energy, emphasizing the need for supportive policies to facilitate large-scale projects.
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Enhanced geothermal systems (EGS) could enable the EU to reduce its reliance on fossil fuels, revealing a potential of 43 GW at a cost of under €100/MWh according to an Ember report. This capacity could yield 301 TWh per year, equating to 42% of projected fossil fuel electricity in 2025.
EGS technology, capable of drilling up to 8 km deep, can harness energy across regions without volcanic activity, notably in Hungary (28 GW) and Turkey (6 GW). However, the report cautions that slow deployment may compromise Europe’s leadership in geothermal energy and urges political support for large-scale initiatives.
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