Monday, December 11, 2017

Japan: Low Temperature Geothermal Power Market to Expand - Report

Low Temperature Geothermal Power in Japan (Frost & Sullivan)

New Horizons for Clean Power Generation from Low Temperature Geothermal Energy

Geothermal power only contributes a meagre 0.3% of total electricity generation, despite the country possessing the third largest geothermal resource in the world, representing a power generation potential of 23 GW.

While the government has been proactive in recent initiatives to identify and promote potential areas for exploration and development, there has not been any significant development of geothermal power in the country in the last decade.

However, despite stagnation in development of the technology at medium and high temperatures, increased investment and technological innovation targeting low temperature geothermal power (<120°C), historically used primarily for heating purposes, are expected to significantly increase the addressable market potential for geothermal power and represent a new growth market in the country.

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