NewEnergyNews: France To Tap Earth’s Deep Heat

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    Friday, March 03, 2017

    France To Tap Earth’s Deep Heat

    France: study highlights important role of geothermal energy

    Alexander Richter, 14 February 2017 (ThinkGeoEnergy)

    “…The exploration and use of the deep underground has a long tradition in France. In the extraction of oil and gas, the country is a truly global player. About 700 companies today have revenues of about EUR 36 billion per year, with around 66,000 employees…[and geothermal energy could become more] important in the Energiewende (energy transition) for France. According to the 2015 legislation on the country’s energy transition, renewables are expected to represent about 40% of electricity in 2030 and about 32% of total energy use…France is one of the top 20 countries in terms of the use of geothermal energy for electricity generation and one of the top 10 when it comes to heat production from geothermal energy…The industry is still relatively small, with a staff of about 1,320, and an annual turnover of EUR 177 million…[but synergies in the exploration industry can] accelerate development and] France could reach 10 to 15% of the international geothermal energy market by 2030.” click here for more

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