Markets to Watch: Next-Generation Geothermal Power

MarketsPDF
Written By Katie Kross

As technologies improve and costs decline, next-gen geothermal power is expected to grow rapidly. Cumulative investment in next-gen geothermal power could be as much as $350-700 billion by 2035 and $1-2.1 trillion by 2050. This paper gives an overview of this growing market and the key issues and trends that might affect the pace and scale of growth in the future.

Published 2025. 4 pages. PDF.

Lead Author: Sumit Dalsania, MEM/MBA ’26, EDGE Fellow; Fuqua School of Business, Duke University.

Special thanks to: Timothy L Johnson, Ph.D. and Michael O'Connor.

Katie Kross
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