Geothermal Electricity Plant Operation
As a renewable energy source, geothermal development has lagged wind, solar and hydroelectric power. Even though geothermal exhibits a higher availability rate, the viability of this energy being produced on a commercial scale is limited by geography, as deposits of high-temperature subsurface water are required to produce geothermal electricity. Therefore, over the five years to 2017, revenue for the Geothermal Electricity Plant Operation industry has increased modestly. Over the five years to 2022, the industry is poised to experience strong growth. As the deadlines for renewable portfolio standards approach, state utilities will increasingly demand higher quantities of renewable energy, stimulating demand for geothermal power producers.
Establishments in this industry primarily operate geothermal electricity (geoelectric) plants. These facilities use heat from the earth to produce electric energy. The electric energy produced in these plants is provided to electric power transmission or distribution systems.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.