GeoFuture Initiative
Goal
Drive next-generation geothermal deployment.
Overview
Advancements in geothermal technologies can unleash global access to affordable, reliable, and secure geothermal energy. According to the IEA, the global market for next-generation geothermal could reach 800 GW of installed capacity by 2050.
Overarching challenges to next-generation geothermal deployment include financing, nascent technologies, regulatory frameworks, data quality and availability, and development concerns.
CEM GeoFuture Initiative will:
- Advocate for critical investments to achieve wide-scale geothermal development and deployment, ensuring energy access for all.
- Provide research, knowledge exchange, and technical assistance to advance next-generation geothermal technologies, as well as strategies for wider-scale geothermal energy deployment.
- Convene governments, private sector, academia, and other key stakeholders for high-level dialogues to identify barriers to expansion, raise ambition, and ensure next-generation geothermal is a priority in national energy strategies and across the international energy space.
Activities
Activities under the initiative were determined through a comprehensive, member-driven process.
Actions include:
- Case study series on best practices for next-generation geothermal projects and pilots.
- Targeted technical assistance to support next-generation geothermal feasibility studies and integration of geothermal into national energy planning.
- Elevate importance of next-generation geothermal across the international energy community.
- Industry and private sector engagement to identify investment opportunities support.
To learn more about the GeoFuture Initiative, please contact: geofuture@nlr.gov.
