Enhanced Geothermal Systems: The key to unlocking large-scale geothermal?

EGS are increasingly seen as a promising source of scalable, 24/7 carbon-free power as technology and economics improve. 
What are the key trends emerging in this rapidly evolving geothermal landscape?

What to expect in the market in 2026?

• EGS are now commercially viable across broader geographies, thanks to advances in horizontal drilling (Fervo Energy) and geopressured pilot projects (Sage Geosystems, Texas)
• The US Department of Energy expects geothermal power costs to fall by 90% by 2035, potentially lowering EGS LCOE to $45/MWh—directly competitive with gas turbines and solar-plus-storage
• Growing buyer interest and falling costs are signaling that barriers to EGS deployment are weakening, with the technology becoming more repeatable
• Unlike wind and solar, EGS still faces hurdles in securing low-cost financing due to limited long-term reservoir performance data

Access the whitepaper to get detailed insights into key market developments. 

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