Challenge
*IEA (2022), Electricity Sector, IEA, Paris
**IEA (2022), World Energy Outlook 2022, NZE Scenario, IEA, Paris
Meeting the electricity demands of the future, sustainably
*IEA (2022), Electricity Sector, IEA, Paris
**IEA (2022), World Energy Outlook 2022, NZE Scenario, IEA, Paris
Geothermal power is a sustainable and renewable energy source with unique advantages in the energy transition for meeting the electricity demands of the future. Geothermal power uses the heat of the earth to generate electricity by tapping hot water and steam zones deep underground that are continuously recharged naturally.
Because of this resiliency, geothermal can provide "baseload power" 24/7 to support the power grid—rain or shine, windy or not.
The geothermal power market is set for growth. Rystad Energy projects that the global installed capacity for geothermal power generation will almost double by 2030—from the current installed capacity of ~16.9 gigawatt electric (GWe) to 32 GWe.
Success in any geothermal project requires an informed, interdisciplinary approach that combines innovative science and engineering with significant experience and hands-on project management. Leveraging our leading capabilities in subsurface data analysis, our ability to develop optimized geothermal drilling plans, integrated management and execution, and robust technology, we enable cost-effective geothermal development while maximizing the power they produce.
We provide a full spectrum of geothermal resource development services—from consulting to exploration, drilling, production, resource modeling and management, financial modeling, and operational support.