Geothermal: 2024 in review Report

Insight 12 February 2025

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Report summary

The geothermal industry thrived in 2024. From projects to financing, regulation, drilling, and M&A activity, signs indicate a growing confidence from legislators, project developers, and investors in the sector. This confidence is underpinned by the emergence of next-generation technologies, growing demand for power from data centres, and the need to diversify the energy mix in response to the energy transition.