World Geothermal Congress 2023 Opens in Beijing, Pushing Forward Ecological Development Strategies to Build A Greener Future
- The total global installed capacity of geothermal power generation is 16,260 megawatts, distributed in 197 geothermal fields.
- China has shown significant growth in geothermal heating and cooling, with the highest installed capacity in the world.
- Sinopec is leading China's geothermal energy development with over 130 technology patents and expected to exceed 100 million square meters of geothermal heating capacity by the end of 2023.
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The three-day WGC 2023 is attended by more than 1,400 guests from 54 countries and regions, hosting 88 forums and seminars in parallel with technology and equipment exhibition, which is joined by a record-setting number of companies. The triennial conference is a leading global platform where leaders from industry, academia, the finance sector, governments, NGOs, and communities share the latest scientific and technological achievements and collaborate on solutions to build a sustainable society.
WGC2023 has released two reports, Report on the Progress of Global Geothermal Power Generation, and Geothermal Heating and Cooling Production, 2023 Worldwide Review, showing the current achievements in global geothermal development:
- 31 countries now have geothermal power plants in operation; the total global installed capacity of geothermal power generation is 16,260 megawatts, which is distributed in 197 geothermal fields;
- The commercially utilized hydrothermal resources have an average annual output of close to 3 megawatt-hours per well;
- By 2022, the global installed capacity of geothermal heating and cooling was equivalent to 173 million kWh, up
60% from 2020, whileChina has scored the most significant growth. - In 2022, 1,476 PJ (410 TWh) of geothermal energy has been used globally, a
44% increase from 2020, among them, the geothermal heating and cooling of buildings accounted for about79% of the total.
Sinopec is leading
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SOURCE SINOPEC