Forecast: Geothermal Power Energy Supply in the UK

The UK's geothermal power supply is forecasted to show a gradual increase from 2024 to 2028. In 2023, the geothermal energy supply stood at 9.50 gigawatt-hours. Projected year-on-year increases from 2024 to 2028 are minimal, typically resulting in a CAGR of under 1%. This consistent yet slight upward trend suggests a steady, albeit small, growth in geothermal energy production within this period. Such trends indicate a maturing market with gradual advancements in technology and infrastructure.

Future trends to watch for include:

• Investments in enhanced geothermal systems to boost capacity and efficiency.
• Government policies and incentives that might accelerate growth.
• Technological innovations that could reduce costs and increase geothermal energy adoption.
• Environmental concerns potentially hindering or promoting geothermal development.