EGEC publishes the 11th edition of its annual Geothermal Market Report

The European Geothermal Energy Council (EGEC) has published the 11th edition of Geothermal Market Report, providing an in-depth assessment of the geothermal industry’s evolution during the year 2021.
EGEC publishes the 11th edition of its annual Geothermal Market Report
Courtesy of EGEC.

The European geothermal sector made a strong recovery from the COVID slowdown in 2021, in which the heating and cooling sector accounted for more than half of the new projects commissioned while geothermal heat pump sales reached record growth levels – 73 percent in France, 59 percent in Austria, 35 percent in Belgium and 10 percent in Germany.

The geothermal heat pump market was again dominated by Germany and Sweden, representing half the installed geothermal heat pumps in Europe, and nearly half the annual sales. 14 new geothermal district heating and cooling systems were commissioned with France and the Netherlands commissioning 3 each. The remaining new capacity was installed in Germany, Finland, Poland, and Switzerland. Notably, the first geothermal district cooling project was commissioned in Finland.

6 new geothermal electricity plants were installed to bring the total of 3.4 GWe capacity installed and 19 TWh produced.   

“2021 proved that geothermal is the most reliable, cost-effective and ‘go-to’ solution for local authorities, industry, households and commercial buildings” said Philippe Dumas, EGEC Secretary-General. ““Now it is important for regulators to give it the same recognition and support as other technologies to ensure energy independence and climate security before 2030.”

The EGEC Geothermal Market report is an authoritative publication on the development of the geothermal sector in Europe, covering all segments of the sector – electricity and heating and cooling supply. It provides a comprehensive picture of the state of the sector in Europe and looks at key trends in the global geothermal market, including minerals extraction (lithium).

For additional information:

European Geothermal Energy Council (EGEC)

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