Geothermal Energy Poised to Nearly Double in Value by 2034 ...Middle East

Economy by : (OILPRICE) -
Geothermal power, which harnesses the Earth’s natural heat for electricity generation, heating, and industrial processes, is recognized within the energy sector for its high capacity factor. This reliability is a key differentiator, enabling geothermal plants to provide consistent baseload power, unlike intermittent sources such as solar and wind, according to industry analysts. This positioning makes geothermal a critical component in building resilient, low-carbon electricity grids. The global geothermal power market is projected to nearly…

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