Geothermal energy is a type of renewable energy taken from the Earth’s core. It comes from heat generated during the original formation of the planet and the radioactive decay of materials. This thermal energy is stored in rocks and fluids in the center of the earth. The difference between the temperature in the earth’s core and the surface drives a continuous conduction of thermal energy from the center to the exterior of the planet. The global geothermal power market growth is driven by implementation of stringent government regulations related to climate change in developing and developed economies. In addition, factors such as volatile fossil fuel prices, limited presence of fossil fuels, rise in greenhouse gas emission, high capacity of geothermal power, cost-effectiveness of geothermal energy, reduction in pollution by geothermal power plants, and increase in demand for energy are driving the growth of the global geothermal power market.
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Top Key Major Players:-
1.Berkshire Hathaway Inc.
2.Chevron Corp.
3.Enel Green Power North American Inc
4.EthosEnergy Group
5.Gradient Resources
6.Ormat Technologies Inc.
7.Terra-Gen Power LLC
8.Toshiba International Corp.
9.Therma Source LLC
10.U.S. Geothermal Inc.