Insight
Geothermal Market Update Q2 2025
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Report summary
The global geothermal market maintained steady progress in Q2 2025. Project growth was supported by data centre demand and expansion of advanced geothermal systems. Drilling announcements surged to 88 wells, driven by conventional heating and power. Governments pledged US$400 million for both conventional and next-generation geothermal initiatives. Country highlights underscore the US's leadership in next-gen tech, Germany’s European dominance in district heating, Brazil’s rising potential, and China’s continued dominance in large-scale district heating.
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