In 2023, the inland consumption of geothermal power in the Netherlands stood at 7.4 thousand terajoules. From 2024, the forecasted data indicates a steady increase: 7.88 thousand terajoules in 2024, 8.42 in 2025, 8.95 in 2026, 9.47 in 2027, and 9.99 in 2028. Year-on-year variations show an average growth rate of approximately 6.5% per year over the forecasted period from 2024 to 2028. The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 stands at approximately 6.2%.
Future trends to watch for include advancements in geothermal technology, increased investment from both public and private sectors, and government policy shifts aimed at promoting renewable energy sources. Monitoring these factors will be crucial for understanding the continued growth and potential challenges in the geothermal energy sector in the Netherlands.
