10 Fastest-Growing Energy Sources in 2020

6. Geothermal 

The word geo and thermal are Greek words that mean earth and heat respectively. Thus, geothermal energy is heat that is produced within the earth. Geothermal energy is a renewable energy because the heat is being continuously produced within the earth. In 2020, geothermal, along with hydropower and biomass, was producing 21.6% of total electrical output in the United States. In 2019, the global geothermal power market was valued at $1.403 billion and by 2025 it is expected to reach a total market size of $1.649 billion, having a CAGR of 2.72%. The top three geothermal countries are the United States, Indonesia, and the Philippines.

Please continue to see the 5 fastest growing energy sources in 2020.

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Disclosure: No position. 10 fastest growing energy sources in 2020 is originally published at Insider Monkey.