Geothermal Energy: Europe’s Untapped Potential
- As Europe accelerates its transition from fossil fuels to electric vehicles and heating, a dependable source of clean power remains largely untapped: geothermal energy.Despite its potential to provide...
- A recent high-voltage grid failure in Spain served as a stark reminder of the risks associated with relying solely on variable renewable sources like solar and wind.
- The International Energy Agency estimates that geothermal energy could potentially power the planet 150 times over.
Europe Overlooks Geothermal Energy as Key to Clean Power
Updated May 30, 2025
As Europe accelerates its transition from fossil fuels to electric vehicles and heating, a dependable source of clean power remains largely untapped: geothermal energy.Despite its potential to provide continuous, locally sourced energy, geothermal accounted for a mere 0.2% of the continent’s power generation in 2024.
A recent high-voltage grid failure in Spain served as a stark reminder of the risks associated with relying solely on variable renewable sources like solar and wind. While these sources are essential for decarbonization, they require consistent, always-on alternatives to ensure energy security. The 2022 energy crisis, triggered by Russia’s invasion of Ukraine and Europe’s dependence on natural gas imports, further exposed the vulnerabilities of the continent’s power system.
The International Energy Agency estimates that geothermal energy could potentially power the planet 150 times over. Beyond electricity, geothermal also offers a clean and reliable heating solution, particularly valuable in Europe where many homes rely on natural gas-powered radiators and district heating systems.
Geothermal plants require less land compared to solar farms or wind parks. The necessary materials and infrastructure, including drilling rigs and turbines, can be sourced locally, contrasting with the reliance on imported solar panels and batteries, primarily from China. The expertise to harness geothermal energy already exists,built upon decades of oil and gas exploration.Geologists,drillers,and engineers can repurpose their skills and infrastructure for this cleaner energy source.
While drilling remains expensive, a new wave of startups is innovating to reduce costs and expand the accessibility of geothermal energy. These companies are employing technologies ranging from plasma pulse drills to giant radiators, aiming to replicate the disruptive success of companies like SpaceX in the rocket industry.
Though, significant investment is lacking. Compared to the billions allocated to high-risk technologies like fusion or nuclear fission reactors, funding for geothermal tech remains minimal, especially in Europe, despite its immediate readiness.
To achieve both climate neutrality and energy sovereignty, Europe must prioritize geothermal energy through bold investment, regulatory reforms, and clear support for the industry.
What’s next
Europe risks grid failures, missed climate targets, and continued energy dependence if it continues to ignore geothermal energy. The time to invest in geothermal energy is now.
