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Going underground: A tour of global geothermal projects in progress: 🏭 Breakthroughs in drilling methods and heat extraction techniques are widening the appeal of geothermal power systems across the world, and geothermal generation capacity is on track to double once projects currently in development are completed. 🍰 Currently, only around 2% of global energy generation comes from geothermal projects, according to Energy Institute data, which places the technology squarely in the niche category of the global energy mix. 🗺️ However, around 35 countries or territories are constructing or have plans to build new geothermal capacity, according to Global Energy Monitor (GEM), creating the potential to make geothermal generation a more mainstream affair. 🦾 Of that total, 18 of those locations are already familiar with the technology and are within tectonically-active regions with high-temperature rock deposits relatively close to the earth's surface. 👏 However, a nearly equal number of locations will be developing geothermal projects for the first time, which is a testament to the growing appeal of geothermal to power suppliers and the growing suitability of the technology to more locations. ➡️ Below is a roundup of the key geothermal hotspots around the world and the main markets to track for rapid expansions to geothermal generation capacity in the years ahead. https://lnkd.in/gYYfEQUm Reuters Open Interest, with data from Global Energy Monitor