A new report by energy think tank Ember found that 43GW of enhanced geothermal capacity in the EU could be developed for below €100/MWh, which is comparable in cost to coal and gas electricity. While this only represents a fraction of Europe’s total geothermal potential, researchers identified that EU-level deployment could deliver around 301 TWh of electricity every year. This is equivalent to almost half (42 per cent) of coal- and gas-fired generation in the EU in 2025.