Iceland Geothermal Energy Industry Outlook 2022 - 2026

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Iceland is on track to become one of the world’s leading geothermal energy producers. In 2021, the country produced 50,240 gigawatthours of geothermal energy, a 1.4% year-on-year increase since 1995. It ranked first among geothermal energy producers, surpassing , and , which respectively ranked second, third, and fourth. Iceland’s geothermal energy consumption is also set to increase. In 2021, the country consumed 177,300 terajoules of geothermal energy, a 1.3% year-on-year increase since 1995. It ranked first among geothermal energy consumers, surpassing , and , which respectively ranked second, third, and fourth. By 2026, geothermal energy consumption is projected to reach 193,040 terajoules.

Iceland Geothermal Energy Market Data and Forecasts

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• Geothermal Energy: Unearthing the Potential for Sustainable Power and Heat Generation

  In the pursuit for sustainable and clean power generation alternatives, geothermal energy, harnessing the earth's inner heat, emerges as a potentially reliable and untapped resource. Although it remains a modest player in the global energy market, its potential is increasingly recognized due to attractive characteristics like limitless supply and base-load...

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