Geothermal energy

Geothermal energy captures the heat from two to three kilometers under the earth’s surface where water meets heated rock and turns it into steam. Steam is led from boreholes to turbines inside the powerhouses of geothermal energy plants, transforming thermal energy into electricity.

Buying Energy Attribute Certificates (EACs) from geothermal energy guarantees that the renewable energy consumed is from this source.

Geothermal energy

Geothermal energy production is unique because:

It is a non-polluting and environmentally friendly renewable energy source
Has no waste and does not generate by-products
Has low land-use footprint
Does not represent a hazard for the natural surroundings
Has a low maintenance cost
Is not dependent on weather conditions.

Geothermal energy can also be used for heating and cooling, cooking, hot spring baths, agriculture, aquaculture and industrial processes.

Geothermal numbers

Geothermal energy is only found in a few locations and the installation cost is high.

Growth of installed geothermal electricity capacity by region

The total installed generation capacity at year-end 2023 stood at 16,335 MW, an increase of 208 MW.

Arturo Sanchez
Senior Key Account Manager

Book a meeting

Geothermal energy