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.