The European geothermal power landscape in 2024 shows Italy and Iceland leading in calculated inland consumption, with Italy dominating at 47.71 terajoules. Over 2023, Germany and the Netherlands saw significant year-on-year increases in geothermal usage at 6.46% and 14.51% respectively, indicating growing adoption. In contrast, Portugal's consumption decreased by 2.44%, and Romania saw a 7.28% decline. Countries like Croatia experienced a substantial 35.35% rise, although from a low base.
Trends to watch in the future include:
- Potential expansion in Germany and the Netherlands, maintaining upward momentum.
- Monitoring Italy and Iceland for stabilization or potential downturns as leading markets.
- Opportunities for other European countries to enhance geothermal infrastructure, driven by policy incentives and increasing demand for renewable energy.
Top countries in Calculated Inland Consumption of Geothermal Power Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.71 | 2023 | +1.49% | -0.65% | View data |
| 2 | 2 Iceland | 37.55 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 4.33 | 2023 | +2.63% | +1.83% | View data |
| 4 | 4 Germany | 3.75 | 2023 | +6.24% | +6.46% | View data |
| 5 | 5 Portugal | 1.7 | 2023 | +4.71% | -2.44% | View data |
| 6 | 6 Netherlands | 1.6 | 2023 | +8.03% | +14.51% | View data |
| 7 | 7 Hungary | 1.49 | 2023 | +2.62% | +2.71% | View data |
| 8 | 8 Croatia | 0.39 | 2023 | +2.39% | +35.35% | View data |
| 9 | 9 Bulgaria | 0.34 | 2023 | +2.42% | +1.59% | View data |
| 10 | 10 Poland | 0.3 | 2023 | +4.26% | +6.75% | View data |
