The IEA estimates that globally we must add 3.6GW of geothermal energy generation capacity per year between 2021 through to 2030 to stay on track for Net Zero by 2050.
2020 only saw about 200 MW of geothermal capacity added worldwide – a 2% fall on the previous five-year average, which begs the question, how can the industry innovate to put the heat back into geothermal energy?
Is geothermal energy’s Goldilocks zone ‘just right’?
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.