An assessment of leadership in geothermal energy technology research and development

Geothermal energy is one of the more promising renewable energy technologies because it is environmentally benign and, unlike most renewable energy sources, can provide base power. This report provides an assessment of the research and development (R&D) work underway in geothermal energy in the following countries: Denmark, France, Germany, Italy, Japan, Russia, and the United Kingdom. While the R&D work underway in the US exceeds the R&D efforts of the other countries, the lead is eroding. This erosion is due to reductions in federal government funding for geothermal energy R&D and the decline of the US petroleum industry. This erosion of R&D leadership is hindering commercialization of US geothermal energy products and services. In comparison, the study countries are promoting the commercialization of their geothermal energy products and services. As a result, some of these countries, in particular Japan, will probably have the largest share of the global market for geothermal energy products and services; these products and services being targeted toward the developing countries (the largest market for geothermal energy)