Geothermal Power Growth 1995–2013—A Comparison with Other Renewables

Ladislaus Rybach
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Ladislaus Rybach: Institute of Geophysics, ETH Zurich, Sonneggstrasse 5, CH-8092 Zurich, Switzerland

Energies, 2014, vol. 7, issue 8, 1-11

Abstract: Based on global statistical data the current status of deep geothermal resource utilization for electricity generation is presented. Particular attention is paid to growth rates. The rates are compared with those of other renewable energies (biomass, hydro, solar photovoltaic (PV), wind). Whereas wind and solar PV exhibit annual growth rates of 25%–30% since 2004, geothermal growth is only about 5% per year. Geothermal electricity production (in TW?h/yr) was higher until 2011 than from solar PV, but is now clearly falling behind. So far the global geothermal electricity generation is provided nearly entirely by hydrothermal resources, which exist only under specific geologic conditions. Further development (=increasing production capacity) based on this resource type alone will therefore hardly accelerate to two-digit (>10% per year) growth rates. Faster growth can only be achieved by using the ubiquitous petrothermal resources, provided that the key problem will be solved: establishing a universally applicable technology. This would enable to create, at any requested site, feasible and efficient deep heat exchangers for enhanced geothermal systems (EGS) power plants—irrespective of the local subsurface conditions. Goals and challenges of this technology are addressed.

Keywords: electric power; current annual growth rates; future prospects (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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