Free Trial

POWER: Norway to Possibly Cut Heating Demand by 10 TWh/yr Due to Geothermal

POWER

Norway could cut its heating demand by around 10 TWh/yr over the next 10 years if it invests in the deployment of geothermal heating, according to firm GTML, cited by Montel.

  • Around 1/3 of Norway’s demand is from heating and hot water or about 50 TWh/yr.
  • Norway has around 65,000 plants for heating or cooling, or about 1.2GW of capacity and an annual production of 3.5-4 TWh of heat.
  • Low-temperature geothermal energy could provide up to 33 TWh for heating, according to Energy Minister Terje Aasland
83 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Norway could cut its heating demand by around 10 TWh/yr over the next 10 years if it invests in the deployment of geothermal heating, according to firm GTML, cited by Montel.

  • Around 1/3 of Norway’s demand is from heating and hot water or about 50 TWh/yr.
  • Norway has around 65,000 plants for heating or cooling, or about 1.2GW of capacity and an annual production of 3.5-4 TWh of heat.
  • Low-temperature geothermal energy could provide up to 33 TWh for heating, according to Energy Minister Terje Aasland