Hungary Geothermal Energy Market 2020 – Growth, Trends & Forecasts

Dublin, July 28, 2020 (GLOBE NEWSWIRE) — The “Hungary Geothermal Energy Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.Direct heat utilization includes district heating facilities, which are used to supply heat generated through the geothermal facilities present in the country and represent the major part of the market studied.With 23 direct heating facilities in 2018, it had a total capacity of around 223.36 MWth (Megawatt Thermal) and 635.66 GWhth/year production.Hungary’s largest geothermal district heating project in Miskolc was commissioned, in 2013. This site has two production and three reinjection wells, producing thermal water from karstified-fractured Triassic basement carbonates at a depth of 1500-2300 meters, with a total installed capacity of 55 MWth.Apart from a district heating facility in Miskolc, Hungary has few other similar facilities in Gyor, supplying heat for an industrial user (Audi Hungary). The facility had a capacity of around 52 MWth, along with three production wells with 101-102C outflow temperature.Upcoming projects, such as district heating in Szeged to provide geothermal energy to 163,000 inhabitants, are expected to boost the geothermal energy market in the country. In 2018, the project was operating with two triplets, and it is expected to expand to nine triplets during the upcoming years.Thus, the existing district heating network and the upcoming and planned networks in Hungary are expected to boost the market studied, during the forecast period.Geothermal-based Power Production to Drive the MarketIn 2019, Hungary had only one geothermal-based power generation facility in Tura, with a capacity of around 3 MWe (Megawatt electricity) and 7MWth (Megawatt thermal).Under the concessional system (obligatory for the exploration and exploitation of geothermal energy at a depth below 2,500 m, the typical depth range for power production, and CHP projects), a preliminary complex vulnerability and impact assessment (CVIA) have been prepared for over 20 potential geothermal areas.As of 2018, three geothermal concessional contracts have been signed for 35 years. The areas are expected to have the deep hydrothermal potential for CHP applications.Moreover, the government of the country is highly focused on the power generation facility through its geothermal energy, and it is expected to reduce its dependency on natural gas, for heat and electricity generation.The country is estimated to increase its power generation capacity to around 12 MWe by 2025, with electricity production of around 36,000 GWhe/year. Furthermore, the rise in capacity is estimated to increase the country’s geothermal share in total electricity production of the country.Key Topics Covered:Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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