Wed, 15 December, 2021
The GeoSmart project consortium has produced a document investigating how geothermal power plants connect to the European electricity market.
Including how national electricity monopolies have been joined together to create a Europe-wide electricity grid structure, the document details how geothermal works alongside coal, oil, nuclear, gas, and renewable sources to create a wider energy mix.
As an electricity market that puts more value on flexibility and renewable emerges, geothermal power plants not only offer a solution to these emerging trends but should also profit from the value they create in the continental electricity grid.
See the PDF, below for more:
Factsheet geothermal in the electricity market - pdf - 655kb
The GeoSmart project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 818576