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Geothermal heat pumps capacity to grow by nearly 150 per cent by 2020

The worldwide installed capacity of geothermal heat pump (GHP) systems will grow by nearly 150 per cent over the next 7 years, from 52.7 GW) to 127.4 GWt, says a new report.

Mackinnon Lawrence, principal research analyst with Navigant Research, which produced the report, entitled “Geothermal Heat Pumps”, said: “The renewable energy policies that led to strong growth in the GHP market in the last decade are still in place, and will drive expansion as the global economy improves.

“Although their overall penetration remains low, GHP installations are gaining traction in both the construction industry and the regulatory environment, and this high-efficiency technology will likely play a larger role in both new build and retrofit projects going forward.”

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