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Stock impact report

Enhanced Geothermal System Market Projected to Hit USD 3.9 billion by 2031, Growing at 3.7% CAGR: Transparency Market Research, Inc. [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global enhanced geothermal system market is estimated to flourish at a CAGR of 3.7% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for enhanced geothermal system is estimated to reach US$ 3.9 billion by the end of 2031. Enhanced geological mapping techniques enable more precise identification of potential EGS sites, reducing exploration risks and enhancing project feasibility in diverse geological environments. Advances in deep drilling technologies, including rotary drilling and directional drilling methods, improve drilling efficiency and enable access to deeper geothermal reservoirs, expanding the scope of viable EGS projects. Innovations in reservoir management practices, such as enhanced reservoir modeling and injection strategies, optimize heat extraction and improve overall system performance, enhancing the economic viability Show less Read more
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