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Geothermal Energy: A Key to Meeting Global Electricity Demands by 2050

The International Energy Agency (IEA) highlights the significant potential of geothermal energy, which could meet 15% of global electricity demand growth by 2050 if costs continue to decrease. Currently, only 1% of global electricity consumption comes from geothermal sources. With advancements in extraction techniques and technology, geothermal energy could become more competitive, potentially attracting up to $1 trillion in investments by 2035. Countries like Turkey, Indonesia, and Kenya are leading in this sector, while the greatest production capacity lies in the United States.

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