Baker Hughes Geothermal VP Says 'Now is the Right Time for Geothermal Business'

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1. 1Baker Hughes Geothermal Vice President Florang Rousset said now is the optimal time for oil and gas operators to transition to geothermal
2. 2Demand, technology, and government incentives have converged, and the US geothermal market—valued at $2.34 billion in 2025—is projected to grow at an annual average of 3.3% from 2026 to 2034
3. 3Geothermal currently accounts for less than 1% of global demand, but the IEA sees it potentially supplying up to 15% of the increase in electricity demand by 2050

Source Offshore Technology +1 · View original ↗

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