Forecast: Geothermal and Biomass Energy Consumption in the US

Geothermal and biomass energy consumption in the US is forecasted to gradually decline from 73.46 TWh in 2024 to 72.65 TWh in 2028. The initial forecasted data marks 2023 at a similar level as 2024. The year-on-year decrease averages around 0.33%, while the compound annual growth rate (CAGR) over the five-year forecast is approximately -0.28%.

Future trends to watch for:

  • Technological advancements in geothermal and biomass energy sources that could alter consumption patterns.
  • Policy changes toward renewable energy that may influence future projections.
  • Market conditions, such as energy prices and alternative energy competitions, that could impact growth.

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