In 2023, Austria's geothermal power energy supply stood at 37.98 Thousand Tonnes of Oil Equivalent (ktoe). The forecasted data indicates a steady increase in geothermal energy supply, projected to reach 40.12 ktoe by 2028. The year-on-year variation from 2023 to 2024 is approximately 0.79%, and from 2024 to 2025 is 1.28%. The compound annual growth rate (CAGR) over the five years from 2023 to 2028 is around 1.08%.
Future trends to watch for:
- Technological advancements improving the efficiency of geothermal energy extraction.
- Increased investment and government policy support for renewable energy.
- Potential integration with other renewable energy sources to create a diversified energy mix.