2025 U.S. Geothermal Market Report

Technical Report · Wed Jan 07 00:00:00 EST 2026

DOI:https://doi.org/10.2172/3014949· OSTI ID:3014949

Akindipe, Dayo ^[1]; Martinez Smith, Faith ^[1]; Witter, Erik ^[1]; Pauling, Hannah ^[1]; Oh, Hyunjun ^[1]; Podgorny, Slater ^[1]; Rane, Jayaraj ^[1]; Harmon, Jenna ^[1]; Javed, Saqib ^[1]; Simpson, Juliet ^[1]; Shlosberg, Dora ^[2]; Holt, Emily ^[2]; Trainor-Guitton, Whitney ^[1]; Levine, Aaron ^[1]; Schmidt, Brian ^[3]; Pedersen, Anine ^[3]

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1. National Laboratory of the Rockies, Golden, CO (United States)
2. National Renewable Energy Laboratory
3. Geothermal Rising

The 2025 U.S. Geothermal Market Report updates and expands on the 2021 U.S. Geothermal Power Production and District Heating Market Report with the inclusion of geothermal heat pumps (GHPs) for both distributed and centralized heating and cooling applications. The report updates technology and cost trends in the geothermal power generation industry as well as an uptick in market activities, especially those of next-generation geothermal power technologies, including enhanced geothermal systems (EGS) and closed-loop geothermal (CLG). This report also tracks policy and market drivers that have influenced the direction and growth pace of the U.S. geothermal industry over the years, and especially since 2020.

• Research Organization: National Laboratory of the Rockies (NLR), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Critical Minerals & Energy Innovation (CMEI), Hydrocarbons and Geothermal Energy Office (HGEO)
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 3014949
• Report Number(s): NLR/TP-5700-91898
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
geothermal direct use
geothermal energy
geothermal heat pump
geothermal market
geothermal policy
installed capacity