As of 2023, the UK's geothermal power production stood at approximately 820 tonnes of oil equivalent. Forecast data suggests a stable phase for this sector, with the production value projected to remain constant at 820 tonnes until 2025, then witnessing a slight increase to 830 tonnes from 2026 through 2028. The year-on-year analysis indicates no growth between 2024 and 2025, with a modest 1.2% increase anticipated from 2025 to 2026. The projected compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 remains low at a negligible growth rate, reflecting a slow expansion in geothermal energy output.
Future trends to watch for include potential advancements in geothermal technology, governmental policy shifts emphasizing renewable energy, and increased public and private investment in sustainable energy resources. These elements could catalyze more robust growth in geothermal power in the UK beyond 2028. Continuous monitoring of regulatory developments and technology breakthroughs will be crucial in understanding the trajectory of geothermal energy in the nation's energy mix.
