Top 5 Geothermal Energy Companies in the US

In this article, we are going to discuss the Top 5 Geothermal Energy Companies in the US. If you want to read our detailed analysis of the global geothermal energy industry and explore similar companies, you can go to the Top 10 Geothermal Energy Companies in the US.

5. Calpine Corporation

Estimated Annual Revenue: $2.8 billion

Ranking fifth on our list of the top 10 geothermal energy companies in the US, Calpine Corporation is an independent power producer, generating electricity from geothermal resources and natural gas. With its headquarters in Texas, it has 76 power plants across the US. The company generates electricity for over 20 million customers, intending to provide reliable and cost-effective electricity.  The estimated annual revenue of Calpine Corporation is $2.8 billion.

4. Baker Hughes  (NASDAQ:BKR)

Revenue (TTM) as of September 30: $24.6 billion

Ranking fourth on our list of the top 10 geothermal energy companies, Baker Hughes (NASDAQ:BKR) is an American oil field services company based in Houston, Texas. The company provides services and products for oil well drilling, this includes exploration and production, processing and refining, and subsea production systems to generate power. As of September 30, the trailing twelve-month revenue of Baker Hughes (NASDAQ:BKR) is $24.6 billion.

3. Berkshire Hathaway Energy 

Estimated Annual Revenue: $26.3 billion

Ranking third on our list of the top 10 geothermal energy companies in the US, Berkshire Hathaway Energy is a subsidiary of Berkshire Hathaway. The company provides reliable and sustainable energy by investing in renewable energy and energy efficiency technologies. It has one of the largest renewable energy sectors in the US. The group boasts a portfolio of over a dozen geothermal power facilities across the US. Berkshire Hathaway Energy’s estimated revenue per year is $26.3 billion.

2. Schlumberger Limited  (NYSE:SLB)

Revenue (TTM) as of September 30: $32.02 billion

Ranking second on our list of the top 10 geothermal energy companies in the US, Schlumberger Limited (NYSE:SLB), is a US-based oilfield services company specializing in offshore drilling. The company’s operations span several countries and its business is integrated into four main segments from reservoir management and downstream processing to exploration and production. Schlumberger Limited (NYSE:SLB) has a trailing twelve-month revenue of $32.02 billion, as of September 30.

1. General Electric (NYSE:GE)

Revenue (TTM) as of September 30: $83.81 billion

General Electric (NYSE:GE) is a US-based multinational conglomerate that ranks first on our list of the top 10 geothermal energy companies in the US. GE Vernova, a subsidiary of General Electric, is the geothermal energy solutions business of the group. Based in Massachusetts, US, GE Vernova aims to minimize carbon emissions while generating electricity efficiently. General Electric operates in several industries such as healthcare, finance, aviation, transportation, and renewable energy. The company offers power generation equipment including gas and steam turbines and other renewable energy solutions. General Electric (NYSE:GE) has a trailing twelve-month revenue of $83.81 billion, as of September 30.

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