The European geothermal heating market, at one time dominated by only a handful of countries, is set to experience a purple patch in the coming years as governments scramble to find an affordable alternative to expensive gas-fired heating, Rystad Energy research shows. Total installed capacity is projected to surpass 6.2 gigawatt thermal (GWt) in 2030, a 58% increase from today’s total of 3.9 GWt, developments that are expected to cost an estimated $7.4 billion*. A renewable, reliable source of heating, geothermal technology has been around…
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