In 2023, the households' final consumption of geothermal power in Germany was below the forecasted 1.7 thousand terajoules in 2024. From 2024 to 2028, a steady annual increase in consumption is evident, with forecasted growth rates from 4.12% to 3.70% year-on-year. Over the five-year period, the compound annual growth rate (CAGR) stands at an optimistic 3.60%, suggesting a consistent upward trend in geothermal power consumption by German households.
Future trends to watch for include:
- Technological advancements that could enhance geothermal energy efficiency.
- Policy changes promoting renewable energy adoption.
- Potential fluctuations in energy prices influencing consumption patterns.
- Increased public and private investment in geothermal infrastructure.
