Key Market Indicators
British geothermal energy consumption is projected to reach 34 terajoules by 2028, growing from 34 terajoules in 2023 at an average annual rate of 0.1%. Since 1995, the country's geothermal demand has remained stable. In 2023, the United Kingdom ranked 20th in global geothermal energy consumption, with Denmark slightly ahead at 34 terajoules. Topping the list were Iceland, France, and Germany, occupying the second, third, and fourth positions respectively. In terms of geothermal energy generation, the UK's output is expected to reach approximately 9.7 gigawatt-hours by 2028, up from 9.5 gigawatt-hours in 2023, reflecting an annual growth rate of 0.2%. Since 1995, the UK's geothermal supply has seen a modest annual increase of 0.2%. In the 2023 rankings, the UK also held the 20th position, with Denmark narrowly leading at 9.5 gigawatt-hours. Iceland, France, and Germany were the leading nations, holding the second, third, and fourth spots in geothermal energy generation.
