In 2024, the forecasted gross available energy from geothermal power in the UK is expected to remain at 820 tonnes of oil equivalent, the same level as in 2023. Over the next few years, this figure remains stable until a slight increase to 830 tonnes of oil equivalent is forecasted for 2027 and 2028. The year-on-year variation shows a 1.22% increase between 2026 and 2027. The compounded annual growth rate (CAGR) from 2024 to 2028 is negligible, suggesting limited growth in the geothermal sector.
Future trends to watch include technological advancements or policy changes that could enhance the efficiency and appeal of geothermal energy. Monitoring similar renewable sectors and governmental energy mandates will provide insights into potential strategies that could significantly impact the geothermal energy landscape in the UK.
