Netherlands Geothermal Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented by Technology Type (Dry Steam, Flash Steam, Binary Steam, and Others Steam), Subsurface Type (Heat and Cold Storage, Geothermal energy, and Ultra-Deep Geothermal Energy)

Market Snapshot

Netherlands Geothermal Energy Market: Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >3 %

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Market Overview

The market for geothermal energy in Netherlands is expected to grow at a CAGR of more than 3% in the forecast period of 2020-2025. The global cumulative geothermal energy generation capacity grew by 4.0% in 2018 when compared with 2017. Major factors driving the market include supportive government policies, drive towards cleaner energy generation, and increasing energy generation across the globe. On the other hand, the lucrative market for other renewable energy such as solar and wind is likely to hinder the market growth.

  • Ultra-deep geothermal energy is driving the market to produce electricity and which increased production by 51%, in 2019.
  • In 2019, many of the power plants in operation are using dry steam plants or flash plants (single, double and triple) harnessing temperatures of more than 180°C.
  • Since geothermal energy remains unexplored to a great extent, there is immense potential for the growth of the market. Additionally, the increasing need for reducing greenhouse gas emissions is expected to serve as a major area of opportunity for the growth of the geothermal power market.

Scope of the report

The Netherlands geothermal energy market report include:

Technology Type
Dry Steam
Flash Steam
Binary Steam
Others Steam
Subsurface Type
Heat and Cold Storage
Geothermal energy
Ultra-Deep Geothermal Energy

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Key Market Trends

Ultra-deep Geothermal Energy to Dominate the Market

  • Geothermal energy installed capacity had increased by 51% in 2019 compared to 2018. 5.6 PJ (PetaJoule) heat was produced in 2019.
  • UDG is a method for producing heat with temperatures above 130 °C. The heat can be used for industrial processes, or to generate electricity.
  • Using geothermal energy instead of gas as a source of heat results in a significant reduction in CO2 emissions. For an average project, the CO2 reduction is 88% compared to natural gas.
  • In 2019, there were 24 doublets in the Netherlands, 20 of which were in production. The use of geothermal energy in the Netherlands in 2019 saved 168 million cubic meters of natural gas. This is equivalent to a CO2 reduction of 300,000 tons. 15 of the 20 doublets use their maximum availability (85 to 100%).
  • In 2018 the combined capacity of Dutch installations grew to a total capacity of around 3PJ of sustainable heat or 200 MW.
  • The prevalent in underground thermal energy storage systems are open systems which use groundwater wells to store heat and cold. This technology is called Aquifer Thermal Energy Storage (ATES).
  • The geothermal sector made a statement in 2018 by publishing the ‘Master Plan geothermal energy in the Netherlands’.
  • The ambition is for geothermal energy to meet 5% of the total energy demand for heat in 2030 and 23% in 2050. The ambitions are set at 50 PJ in 2030 and 200 PJ in 2050.
Netherlands Installed Aquifer Thermal Energy Storage projects, in Numbers, 2010 - 2018

Supportive Government Policies to Drive the Market

  • In 2017 there were 22 new applications for exploration licences for geothermal energy. As of 1 January 2018, a total of 31 geothermal energy exploration licences were in the process of application.
  • In 2018, Five geothermal energy production licences are in the application procedure and 4 geothermal energy production licences were issued. Resulting in 12 effective geothermal energy production licences as at 1st January 2018.
  • The geothermal production installations in the Netherlands by four while two more installations were initiated (licence areas Andijk and Zevenbergen II). These doublets will be completed in 2018.
Netherlands_geothermal_licenses_Jan2018.png

Competitive Landscape

Netherlands geothermal energy market is moderately fragmented. Some of the key players are Aboitiz Power Corporation, Turboden S.p.A, Mitsubishi Heavy Industries Ltd., Calpine Corporation, Toshiba Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Renewable Energy Installed Capacity and Forecast in MW, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology Type

      1. 5.1.1 Dry Steam

      2. 5.1.2 Flash Steam

      3. 5.1.3 Binary Steam

      4. 5.1.4 Others Steam

    2. 5.2 Subsurface Type

      1. 5.2.1 Heat and Cold Storage

      2. 5.2.2 Geothermal energy

      3. 5.2.3 Ultra-Deep Geothermal Energy

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Aboitiz Power Corporation

      2. 6.3.2 Turboden S.p.A.

      3. 6.3.3 Mitsubishi Heavy Industries Ltd.

      4. 6.3.4 Calpine Corporation

      5. 6.3.5 Toshiba Corporation

      6. 6.3.6 Raya Group

      7. 6.3.7 Alterra Power Corp

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Netherlands Geothermal Energy Market market is studied from 2016 - 2026.

The Netherlands Geothermal Energy Market is growing at a CAGR of >3% over the next 5 years.

Aboitiz Power Corporation, Turboden S.p.A. , MITSUBISHI HEAVY INDUSTRIES, LTD , Calpine Corporation , Toshiba Corporation are the major companies operating in Netherlands Geothermal Energy Market.

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