European Geothermal Power Energy Supply Share by Country (Thousand Tonnes Of Oil Equivalent)

In 2023, Italy led the geothermal power energy supply in Europe with a significant share, followed by Iceland, although Iceland experienced a substantial decline of 43%. Germany's output increased notably by 8.72%, reflecting a growing commitment to geothermal energy. The Netherlands showed high growth with a 15.04% increase. Croatia also marked a remarkable rise of 41.31%, indicating emerging potential. Conversely, Slovakia and Macedonia registered declines of 3.69% and 3.73%, respectively, signifying varied regional dynamics. Smaller increases across countries like France, Hungary, and Poland suggest moderate to rising interest in geothermal energy adoption.

Future trends to watch:

• The impact of governmental policies and incentives on geothermal energy development.
• Technological advances leading to more efficient energy extraction and utilization.
• Potential for new countries to enter the geothermal market and expand Europe's geographical energy diversification.
• Progress in geothermal projects aimed at replacing fossil fuels and meeting sustainability goals.