The global geothermal power market continued to grow forward according to the 2016 US and Global Geothermal Power Production Report released today by the US Geothermal Energy Association. With an operating capacity of 13.3 GW in 24 countries, the market had new capacity under development in 82 countries. This new capacity would add 12.5 GW of new power capacity, approximately doubling current output.
Some of the rising stars of the geothermal industry include Kenya, which generates half of its electricity from geothermal power, and Indonesia, whose island archipelago harbors the world’s largest geothermal potential. Still, only 6-7% of the world’s estimated geothermal potential is being harnessed.
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