발전용 차세대 지열 기술(NGGT)

Next-generation geothermal technology (NGGT)-a suite of options that goes beyond conventional hydrothermal technologies and leverages practices from the unconventional oil and gas (O&G) sector to reach hotter temperatures under the ground-is primed to become a commercialized industry within the next 10 years. NGGT builds on existing technologies, policies, permitting regimes, and workforce skills, enabling innovation without starting from scratch. It offers an efficient way to extract clean firm heat and convert it into power, which will be essential as demand accelerates due to advances in AI and the electrification of sectors historically reliant on fuels. Some NGGTs are highly flexible, ramping up and down like an energy storage unit-a capability that could help balance variable renewable generation and maintain grid reliability.

This report analyzes the global market outlook for NGGT, providing forecasts for capacity additions and revenue from 2025 to 2034, segmented by major regions. It examines the primary drivers of market development, including technical synergies with O&G, workforce opportunities, and mineral recovery potential, while also addressing barriers such as financing constraints, engineering challenges, and policy uncertainty. Special attention is given to the evolving policy landscape, highlighting factors that will influence NGGT deployment and commercialization.

The race to commercialize NGGT is just beginning. Financial support must grow exponentially for a commercial market to form, and a transformative communications strategy will be needed to build public and policymaker awareness. As demand for clean firm power accelerates and new opportunities emerge for pairing NGGT with data centers and other large energy consumers, strategic investment and collaboration will be essential. This report offers actionable insights for stakeholders seeking to understand the opportunities and risks in this rapidly evolving sector.

Table of Contents

1. Executive Summary

• 1.1 Global Outlook

2. Market Issues

• 2.1 Drivers
  • 2.1.1 O&G Sector Synergies
  • 2.1.2 Geothermal Workforce Opportunities
  • 2.1.3 Coproduct and Mineral Recovery
  • 2.1.4 Modular and Scalable Deployment
• 2.2 Barriers
  • 2.2.1 Financing Constraints
    • 2.2.1.1 Visibility and Advocacy Challenges
  • 2.2.2 Engineering and Technical Barriers
    • 2.2.2.1 Subsurface Characterization
    • 2.2.2.2 Drilling
    • 2.2.2.3 Heat Extraction
    • 2.2.2.4 Monitoring Equipment
  • 2.2.3 Health and Environmental Risks

3. Policy and Regulatory Review

• 3.1 North America
  • 3.1.1 U.S.
• 3.2 Europe
  • 3.2.1 EU
• 3.3 Asia-Pacific
  • 3.3.1 Indonesia
  • 3.3.2 Philippines
  • 3.3.3 Japan
  • 3.3.4 New Zealand
• 3.4 Latin America
  • 3.4.1 Mexico
• 3.5 Middle East & Africa
  • 3.5.1 Kenya
  • 3.5.2 Turkiye

4. Industry Value Chain

• 4.1 Key Developers

5. Market Forecasts

• 5.1 Methodology
• 5.2 Global Forecasts
• 5.3 Regional Forecasts
  • 5.3.1 North America
  • 5.3.2 Europe
  • 5.3.3 Asia-Pacific
  • 5.3.4 Latin America
  • 5.3.5 Middle East & Africa

6. Conclusions and Recommendations

• 6.1 Key Takeaways
• 6.2 Recommendations
  • 6.2.1 Developers
  • 6.2.2 Policymakers
  • 6.2.3 Entrepreneurs

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology & Notes