Europe has 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, and reliable. And the attraction has only intensified amid the drive to reduce dependence on Russian natural gas. Currently, Germany is leading the transition. At the end of 2022, the country’s government published a plan targeting a tenfold increase in geothermal output: 10TWh by 2030. “We’re sitting on a gold mine,” Christian Peltl, director of geothermal energy at SWR, the…
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