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DELRAY BEACH, Fla., July 24, 2025 /PRNewswire/ — The global Geothermal Energy Market is anticipated to grow from estimated USD 9.81 billion in 2024 to USD 13.56 billion by 2030, at a CAGR of 5.3% during the forecast period. Increasing use of geothermal energy for power generation, favourable government policy, and increasing demand for ground source geothermal heat pumps due to the increase in heating costs are the major driving factors for the Geothermal Energy Market.

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Binary cycle plant estimated to account for largest share of geothermal market during forecast period

By technology, the Geothermal Energy Market has been segmented into binary cycle plants, flash steam plants, dry steam plants, ground source heat pumps, direct systems, and others. The binary cycle segment is dominating the overall market due to its increasing adoption of renewable energy for power generation in medium-temperature reservoirs. Binary plants are typically used for geothermal resources with temperatures between 100°C and 170°C. They are currently the most popular type of geothermal power plant. Their popularity comes from their ability to work well with lower-temperature water sources, making them ideal for binary cycle installations. Moreover, binary plants release almost no emissions besides steam.

Low temperature segment to account for largest market share during forecast period

Based on temperature, the Geothermal Energy Market has been split into low, medium, and high temperature. The low temperature segment is estimated to account for the largest share of the overall Geothermal Energy Market in 2024. It is used in electricity generation or for combined heat and power. The development of binary cycle technology has enabled the exploitation of low-temperature geothermal reservoirs, opening up many new regions for geothermal development. This is likely to boost the growth of the market.

Asia Pacific to be largest Geothermal Energy Market during forecast period

Asia Pacific is the largest Geothermal Energy Market in 2024. The market in the region is also projected to register the highest growth during the forecast period. In Asia Pacific, various countries are currently focused on geothermal energy to meet the increasing demand for electricity and to achieve the goal of net-zero CO2 emissions. Hence, there are huge investments from both governments and private companies.

Geothermal resources are abundant in Asia Pacific countries such as Indonesia and New Zealand. These resources can be utilized as climate-friendly energy sources in all weather. Currently, China is the largest user of geothermal heat pumps. The country uses geothermal energy mainly for district heating and space heating applications. Indonesia has commissioned many geothermal power plants in the past decade, which has enabled the country to meet its energy needs.

Companies such as Ormat (US), Mitsubishi Heavy Industries, Ltd. (Japan), and SLB (US) are leading the Geothermal Energy Market.

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Ormat

Ormat is one of the leading vertically integrated companies primarily engaged in the geothermal energy business. The company conducts its operations through three business segments, namely, Electricity, Product, and Energy Storage. Its Electricity business segment develops, builds, owns, and operates geothermal, solar PV, and recovered energy-based power plants in the US and geothermal power plants in other countries. The Electricity segment provides geothermal and recovered energy-based electricity generation and remote power units. The company also operates as an EPC contractor for geothermal and recovered energy power plants on a turnkey basis. Ormat operates in over 100 countries across Europe, North America, South America, Asia, and the Middle East & Africa.

Mitsubishi Heavy Industries 

Mitsubishi Heavy Industries is a Japanese multinational corporation specializing in shipbuilding, transportation systems, commercial aircraft, and power systems. The company offered its products and services to various end-use industries, such as energy, marine, automotive, defense, transportation, environment, and aerospace. It operates its business through four segments, namely, Energy Systems, Aircraft Defence & Space, Logistics, Thermal & Drive Systems, and Plants & Infrastructure Management. Through its Energy Systems business sector, the company provides geothermal energy systems and services. It also offers thermal power generation systems (gas turbine combined cycle and steam power), nuclear power generation systems (light-water reactors, nuclear fuel cycle & advanced solutions), wind power generators, engines for aircraft, compressors, air quality control systems, marine machinery, and renewable energy solutions. The company offers geothermal energy systems through the Mitsubishi Power and Turboden subsidiaries.

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Hydrogen Energy Storage Market

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DELRAY BEACH, Fla., July 24, 2025 /PRNewswire/ — The report “Electro-Oxidation Market by Type (Direct Electro-Oxidation, Indirect Electro-Oxidation), Electrode Material (Boron-Doped Diamond (BBD), Lead Dioxide (pbo2), Stannic Oxide (sno2), Titanium Suboxides (tino2n−1), Graphite, and Platinum), Application (Organic & Micropollutant Treatment, Inorganic Treatment, Disinfection & Specialized Treatment), End-Use Industry (Municipal Water & Wastewater, Industrial Manufacturing, Textile, Food & Beverage, Mining, Other End-Use Industries) & Region – Forecast to 2030“, Electro Oxidation Market size is projected to grow from USD 1.6 billion in 2025 to USD 2.1 billion by 2030, registering a CAGR of 6.0% during the forecast period.

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The electro-oxidation industry has emerged in response to increasing demand for sustainable water treatment technologies aimed at addressing global issues like water scarcity and pollution. Stricter government regulations for environmental protection are encouraging industries to adopt more advanced technologies to ensure compliance with discharge standards. Electro-oxidation is a promising method like other advanced oxidation techniques that can break down non-degradable or hard-to-degrade pollutants without the need for chemical additives. Rising public health concerns such as emerging contaminants, pathogens, and risks associated with poly- and perfluorinated compounds, pharmaceuticals, plastics, and heavy metals are driving the growth of electro-oxidation across various sectors, including industrial manufacturing and municipal water treatment, where access to clean drinking water remains a top priority. Additionally, electro-oxidation offers flexibility by treating water and wastewater from diverse sources, even drinking water. This makes it an attractive option for many industries looking to replace outdated methods with more efficient and sustainable waste management solutions.

Indirect electro-oxidation is anticipated to be the largest segment in the electro-oxidation market, by type, during the forecast period.

The indirect electro-oxidation sub-segment occupies the largest share in the electro-oxidation market due to its flexibility, relatively low cost, and applicability to a wide variety of wastewater treatment needs. As a method, this involves the generation of reactive species, such as hydroxyl radicals, active chlorine, or other oxidants, in the bulk solution that oxidize pollutants from remote locations from the electrode surface. This indirect mode can treat complicated and variable quality wastewater feeds, such as with high chemical oxygen demand or organics from textile, chemical, and food processes. Further, another fundamental reason for the success of indirect electro-oxidation is simply due to its lower operational and capital cost. Indirect electro-oxidation systems usually employ less expensive electrodes, such as titanium with ruthenium dioxide or tin dioxide coatings, versus boron-doped diamond or platinum electrodes, which can be extremely expensive in direct electro-oxidation systems.

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Boron-doped diamond is anticipated to be the largest segment in the electro-oxidation market, by electrode material, during the forecast period.

Boron-doped diamond electrodes account for the largest share of the electrode material in the electro-oxidation market because they offer superior performance. Therefore, these electrodes are an excellent choice for intensive water and wastewater treatment. Boron-doped diamond electrodes produce strong hydroxyl radicals that are highly effective at degrading stubborn pollutants, such as per- and polyfluoroalkyl substances, pharmaceutical residues, and complex organic molecules that were resistant or altered by conventional treatment methods. The high current density and oxidative efficiency of boron-doped diamond electrodes are critical for industries like pharmaceuticals and electronics, which face strict regulatory requirements to eliminate these pollutants entirely. For example, government-funded pilot projects in the USA have used boron-doped diamond electrodes to remediate per- and polyfluoroalkyl substances, helping these entities meet government environmental standards. In Europe, using boron-doped diamond electrodes for pharmaceutical wastewater treatment has supported compliance with strict water quality directives. Boron-doped diamond electrodes have significant potential in the market, particularly due to their excellent chemical stability and resistance to degradation under corrosive electrochemical conditions.

Organic and micropollutant treatment is anticipated to be the largest segment in the electro-oxidation market, by application, during the forecast period.

The organic and micropollutants treatment subsegment has the largest share of the electro-oxidation market because electro-oxidation is effective at degrading complex and persistent contaminants that conventional treatments cannot remove. Additionally, wastewater streams now contain organic pollutants such as pharmaceutical residues, pesticides, industrial solvents, and surfactants. This increase is driven by urbanization, greater industrial discharge, and the widespread use of synthetic chemicals, especially in healthcare. Micropollutants include many low concentration yet highly toxic compounds, such as endocrine disruptors and residues from personal care products, which pose significant risks to aquatic ecosystems and human health even in trace amounts. Electro-oxidation benefits these pollutants due to its exceptionally high oxidation potential and the fact that it does not require external chemicals as reagents. It fully mineralizes a wide range of stable organic compounds into harmless end products like carbon dioxide and water. This method is especially attractive in scenarios with strict discharge regulations or when biological or other chemical treatments fail to adequately remediate the pollutants.

The municipal water & wastewater segment is anticipated to be the largest segment in the electro-oxidation market, by end-use industry, during the forecast period.

The electro-oxidation market is primarily dominated by the municipal water and wastewater sub-segment due to the increasing demand for alternative treatment technologies capable of addressing diverse and evolving water quality challenges impacting public utilities. Traditional municipal wastewater treatment systems are unable to effectively remove emerging contaminants such as pharmaceutical residues, endocrine-disruption compounds, and personal care products that are commonly found in domestic sewage. The growth of urban populations and the influx of industrial discharges into municipal streams are creating more complex wastewater streams, making it more difficult to apply conventional biological or chemical treatments. Municipal wastewater can benefit from electro-oxidation because it offers greater flexibility and efficiency. It can be used as a tertiary or polishing stage treatment to break down organic pollutants and residual micropollutants that bypass primary and secondary treatments. Unlike traditional methods, electro-oxidation does not rely on the external addition of chemicals or biological processes, enabling continuous operation despite variable loads and environmental conditions. This consistent operability is crucial for municipalities to ensure safe, continuous, and regulatory-compliant discharge or reuse of treated water.

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Key Players

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electro-oxidation market. Aqua Pulsar (USA),  Hydroleap (Singapore), Yasa ET  (Shanghai) Co., Ltd. (China), OVIVO USA LLC (USA), E-FLOC (USA), Siemens (Germany),  Valence Water Inc.  (Colombia), PPU Umwelttechnik (Germany), Ground Effects Environmental Services Inc. (Canada),  Jiangsu Jingyuan Environmental Protection Co., Ltd (China).

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The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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Demand for home electrification and smart energy technologies drives growth

BOULDER, Colo., July 24, 2025 /PRNewswire/ — A new report from Guidehouse Research explores the residential electrical panel market globally.

For over 70 years, electrical panels have been an essential piece of safety equipment for delivering electricity throughout residential buildings. According to a new report from Guidehouse Research, revenue in the residential electrical panel market is expected to grow from US$27.0 billion in 2025 to US$41.1 billion in 2034 at a CAGR of 4.8%. Much of this growth is likely to be driven by rising adoption of smart panel technologies, particularly in developed regions. Globally, smart panel technology revenue is projected to increase from US$5.5 billion in 2025 to US$16.0 billion in 2034 at a CAGR of 12.6%.

“Overall, the residential electrical panel market is expected to experience healthy growth over the next decade,” says Hannah Bastian, research analyst with Guidehouse Research. “This growth is likely to be driven by rising electricity demand in homes as more consumers install modern electrical equipment like EV chargers, solar PV, heat pumps, air conditioners, and refrigerators.”

Since electrical panels are an essential part of residential buildings, there will always be a market for the technology. The primary drivers of the market include those that have been consistent since the advent of electrical panels, like fire safety and growing electrical demand, and newer drivers such as EV charging and onsite solar PV. Over the next decade, these factors are expected to drive greater demand in the market for larger panels, subpanels, and smart panel technologies. The barriers to the market largely relate to replacing existing panels, since installing electrical panels in new construction is fairly straightforward and often required by electrical codes, according to the report.

The report, Residential Electrical Panels, analyzes the drivers and barriers that are expected to shape the residential electrical panel market over the next 10 years. The analyses estimate global residential electrical panel revenue, segmented by region, equipment type, and building type. It also describes the key stakeholders in the market and provides recommendations for how to navigate the market as it evolves. An executive summary of the report is available for free download on the Guidehouse Research website.

About Guidehouse Research
Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at guidehouseresearch.com.

About Guidehouse
Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. guidehouse.com

* The information contained in this press release concerning the report, Residential Electric Panels, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin for Guidehouse Research
+1.646.941.9139
cfradkin@scprgroup.com 

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XIAMEN, China, July 24, 2025 /PRNewswire/ — Recently, S&P Global, a leading authoritative data and consulting agency, officially released the 2024 global solar tracker shipment rankings. Antaisolar was ranked the number nine solar tracker supplier globally and the number six solar tracker supplier in Asia-Pacific. This cements its status as a global first-tier solar tracker manufacturer, all thanks to its exceptional performance in global market expansion, technological innovation, and customer service.

Since established in 2006, Antaisolar has been committed to providing global customers with advanced, efficient, and intelligent solar tracking products, while striving to create one-stop service solutions covering product design, production, sales, after-sales operation, and other links. As the core of these one-stop solutions, Antaisolar’s products continuously evolve through technological innovation to meet the needs of diverse solar application scenarios.

Antaisolar’s flagship trackers include the 1P TAI-Simple and 2P TAI-Universal, plus the upgraded new product AT-Spark—featuring its self-developed large R-angle octagonal tube with double spherical bearings, supporting multi-string, large-span, and ultra-long arrays to reduce EPC and O&M costs while boosting terrain adaptability. All trackers integrate with Antaisolar SmartTrail intelligent control system, which uses 4 protection strategies against extreme weather and smart tracking algorithms. These algorithms factor in direct, scattered, and reflected irradiance, leveraging 3D modeling and optimization to minimize shadow impacts from irregular terrain, thus increasing power output. With high adaptability, practicality, and stability, these products reduce construction time, lower LCOE, and enhance plant efficiency, making them ideal for large ground-mounted projects and a customer favorite.

Antaisolar has established 8 delivery centers and 4 R&D centers worldwide, gradually expanding its coverage across major regional markets and continuously enhancing its brand influence. In terms of customer service and delivery, Antaisolar always adheres to the “customer-centric” philosophy. Its comprehensive high-quality services have earned the trust and praise of customers, which not only promotes long-term cooperative relationships between the company and its clients but also lays a solid foundation for its rapid development in the global market.

Looking ahead, under its mission and vision of “Raise a Green World,” Antaisolar will further advance its international strategic layout, continuously enhance its capabilities, and strive for even better performance in the global solar tracker market. The company will continue to provide global customers with high-quality and efficient products, contributing to the sustainable development of the global green energy industry.

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CHANGSHA, China, July 23, 2025 /PRNewswire/ — On July 23, Desay Battery, a leading global provider of comprehensive energy storage solutions, held its mass production launch event in Changsha, China. The event showcased a new generation of proactive safety battery cells and systems, UPS 2.0, and Data Center Energy Integration: Source-Grid-Load-Storage Solution marking a key milestone in Desay’s mission for high-performance, safety-first technologies, bolstered by a series of strategic partnership signings aimed at accelerating regional energy structure transformation.

At the event’s core was Desay Battery’s renewed commitment to safety, which has long been the foundation of its innovation and growth. Company President Leon Cheng emphasized that safety is a top priority in product design and system architecture. Through advancements in digitalization, modularization, and intelligent manufacturing, Desay enhances battery performance while ensuring reliability and cost-efficiency. Cheng highlighted that the company’s commitment to the global energy transition is grounded in delivering safe, high-quality solutions that are built to last.

Desay Battery’s innovative safety battery cells and system highlight the company’s commitment to safety. Utilizing advanced smart manufacturing and rigorous quality control, these cutting-edge cells offer exceptional resistance to high temperatures and overcharging. Proprietary pressure sensing technology enables real-time health monitoring, while AI-driven predictive modeling provides rapid risk alerts and precise lifespan forecasts. Additionally, material-informed designs improve energy efficiency and durability, demonstrating Desay’s dedication to proactive safety through both intrinsic and active protection mechanisms.

Also unveiled was UPS 2.0, which utilizes high-discharge 8C-rate battery cells and provides emergency backup of up to 300KVA for 10 minutes. The Source-Grid-Load-Storage Solution offers a competitive LCOE of RMB 0.25/kWh, enabling data centers to save up to 79% on peak electricity costs.

Yu Qingjiao, Secretary-General of Zhongguancun New-Battery Technology-Innovation-Alliance, commended Desay Battery’s new products for addressing critical safety concerns and establishing benchmarks in lifecycle protection and integration. He described the release as an industry model that aligns with national priorities for technological safety and performance enhancement.

Recognizing that energy storage safety requires systemic collaboration, Desay Battery brought together industry experts at the event to explore the future of storage technologies, value-chain integration, and innovation-driven safety.

With its end-to-end solution capabilities and extensive design expertise, Desay Battery continues to serve global energy storage leaders with tailored lithium battery solutions. Its recent inclusion in BloombergNEF’s 2025 Q2 Energy Storage Tier 1 further affirms its standing as a globally recognized energy storage innovator.

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BEIJING, July 23, 2025 /PRNewswire/ — In recent years, Taiyuan Iron and Steel (Group) or TISCO, a subsidiary of China Baowu Steel Group Corporation, has placed green and low-carbon development at the core of its sustainable development strategy. The company has been actively advancing carbon reduction, strengthening environmental governance, and embedding green principles into its corporate DNA.

To date, TISCO has reduced the carbon footprint of its products by over 60 percent, issued 11 Environmental Product Declarations (EPDs), and achieved a green logistics coverage rate of more than 80 percent. Green practices have been integrated throughout the entire production process, supporting the company’s transition toward a more sustainable future.

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