The UK's geothermal power gross available energy is forecasted to grow steadily from 2024 to 2028, with a consistent increase of 0.21% annually. In 2023, it stood at 9.53 GWh. The trend reflects a gradual upward movement, signaling modest but stable growth prospects in geothermal power generation. Over five years, the compounded annual growth rate (CAGR) averages 0.21%. This steady pace indicates the UK's growing interest and investment in renewable energy, especially in geothermal sources.
Future trends to watch for include technological advancements in geothermal extraction, government policy shifts towards renewable energy, and the impact of energy pricing strategies. Keeping an eye on infrastructure investment will be crucial for continued growth in this sector.
