Europehas a long tradition in geothermal energy, with Iceland, France, and Hungary historically dominating the industry.
In recent years, however, a range of other countries have entered the sector.
Their motivations are clear: geothermal energy is 100% renewable, endless, andreliable.
And the attraction has only intensified amid the drive toreduce dependence on Russian natural gas.
Currently, Germany is leading the transition.
There was really a boom in orders since the beginning of the [energy] crisis, he added.
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Geothermal plants could also supply up to 10% of Europes power demand.
Germanys target of 10 TWh of geothermal output from medium-depth and deep resources is an ambitious one.
To realise the goal, the country aims to add at least 100 additional geothermal projects by 2030.
These would connect to the heating grid and supply energy to residential buildings and industrial companies.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
