NewEnergyNews: The Potential In The World’s Geothermal

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    Friday, April 01, 2016

    The Potential In The World’s Geothermal

    Geothermal Energy Markets Heating Up, Reports BCC Research

    March 22, 2016 (MarketWatch)

    “…[Geothermal energy uses renewable energy produced within the Earth, involves no fossil fuel combustion, emits minimal CO2 into the atmosphere, and is sustainable as an inexhaustible resource…The global market for geothermal power generation was nearly $12.2 billion in 2014. This is expected to reach nearly $20.8 billion by 2020 from $12.9 billion in 2015, increasing at a compound annual growth rate (CAGR) of 10.0% from 2015 to 2020…The global market for geothermal energy is growing, primarily driven by Asia-Pacific, Europe and North American regions…[I]n the longer term, countries with geothermal resources such as Honduras, Armenia, Spain, South Korea, Vietnam, Bolivia, Chile and Djibouti will create huge opportunities…” click here for more

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