Geothermal Power Market, By Power Station Type (Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations), By End Use (Residential, Commercial, Industrial, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jun 2023

Code : CMI5830

Pages :150

Formats :

Excel and PDF

Industry : Energy

Market News

Global Geothermal Power Market: Key Developments

In March 2018, Tata Power has commissioned a 1-MW geothermal pilot plant in Australia in association with Geodynamics. Geodynamics is an industry major in enhanced geothermal systems. It has geothermal exploration interests in three Australian states, including a licence to explore 2,000 sq.km in the Cooper Basin

In December 2022, Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from PT Pertamina Geothermal Energy (PGE), the geothermal energy subsidiary of Indonesia's state-owned oil and natural gas corporation PT Pertamina (Persero), for a 55 MW power generating unit comprising a steam turbine, generator, and related equipment for the Lumut Balai Unit 2 geothermal power plant.

In January 2023, State-owned Korea Electric Power Corporation (KEPCO) sold its thermal assets in the Philippines, primarily its equity in a power generation facility in Cebu province. KEPCO will also be selling its interest in its partnership with SPC Power Corporation.