Tools commonly used in the Geothermal Exploration industry for day-to-day tasks and operations.

• Magnetotelluric (MT) surveys
• Gravity surveys
• Seismic surveys
• Geochemical surveys
• Remote sensing
• Well logging
• Mud logging
• Core drilling
• Downhole geophysical logging
• Geochemical sampling
• Temperature gradient drilling
• Pressure transient testing
• Flow testing
• Reservoir modeling software
• Geographic Information Systems (GIS)
• Global Positioning System (GPS)
• Computer-aided design (CAD) software
• 3D modeling software
• Data analysis software

Common products and services typical of NAICS Code 541720-07, illustrating the main business activities and contributions to the market.

• Geothermal power plant development
• Geothermal heating and cooling systems
• Geothermal district heating systems
• Geothermal direct use applications
• Geothermal research and development
• Geothermal resource assessment
• Geothermal reservoir engineering
• Geothermal drilling services
• Geothermal consulting services
• Geothermal project management

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Geothermal Resource Exploration Permit: This permit is required for geothermal exploration activities on federal lands in the US. It is issued by the Bureau of Land Management (BLM) and ensures that exploration activities are conducted in an environmentally responsible manner. More information can be found on the BLM website:
• Geothermal Drilling Permit: This permit is required for drilling geothermal wells in the US. It is issued by the relevant state regulatory agency and ensures that drilling activities are conducted safely and in compliance with environmental regulations. More information can be found on the website of the relevant state regulatory agency.
• Geothermal Resource Lease: This lease is required for the commercial development of geothermal resources on federal lands in the US. It is issued by the BLM and grants the lessee the right to explore, develop, and produce geothermal resources. More information can be found on the BLM website:
• National Environmental Policy Act (NEPA) Compliance: NEPA requires federal agencies to assess the environmental impacts of their actions, including geothermal exploration activities on federal lands. Compliance with NEPA is required before any exploration activities can take place. More information can be found on the website of the Council on Environmental Quality:
• Occupational Safety and Health Administration (OSHA) Regulations: OSHA sets safety and health standards for workplaces in the US, including geothermal exploration sites. Compliance with OSHA regulations is required to ensure the safety of workers. More information can be found on the OSHA website:

A concise historical narrative of NAICS Code 541720-07 covering global milestones and recent developments within the United States.

• Geothermal exploration has been around for centuries, with the first recorded use of geothermal energy dating back to ancient Rome, where hot springs were used for bathing and heating. In the 20th century, the industry saw significant growth, with the first geothermal power plant being built in Italy in 1904. The United States saw its first geothermal power plant in 1960, and since then, the industry has continued to grow, with advancements in technology and increased interest in renewable energy sources. In recent years, the industry has seen notable advancements in the development of enhanced geothermal systems (EGS), which involve drilling deeper into the earth's crust to access geothermal energy in areas where traditional geothermal resources are not available. In the United States, the geothermal exploration industry has seen significant growth in recent years, with the country being the world's largest producer of geothermal energy. The industry has benefited from government incentives and increased investment in renewable energy sources. In 2019, the United States had a total installed geothermal capacity of 3.7 GW, with California being the largest producer of geothermal energy in the country. The industry has also seen advancements in the development of binary cycle power plants, which are more efficient and environmentally friendly than traditional geothermal power plants. Overall, the geothermal exploration industry in the United States has a promising future, with continued growth expected in the coming years.

The anticipated future trajectory of the NAICS 541720-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  Geothermal exploration is expected to grow in the USA due to the increasing demand for renewable energy sources. The industry is expected to benefit from government initiatives and incentives to promote clean energy. The growing awareness of the environmental impact of traditional energy sources is also expected to drive the demand for geothermal exploration. The industry is expected to face challenges such as high initial costs and the need for advanced technology. However, the increasing investment in research and development is expected to lead to the development of more efficient and cost-effective technologies. Overall, the future outlook for the geothermal exploration industry in the USA is positive, with significant growth potential in the coming years.

Recent groundbreaking advancements and milestones in the Geothermal Exploration industry, reflecting notable innovations that have reshaped its landscape.

• Geothermal Energy Association (GEA) Launched a New Program to Increase the Use Of Geothermal Energy In the USA: The program aims to promote the use of geothermal energy in various sectors, including heating and cooling, power generation, and direct use.
• Altarock Energy Developed a New Technology to Enhance Geothermal Energy Production: The technology involves the use of a special fluid to create fractures in the rock, which increases the permeability of the rock and enhances the flow of geothermal fluids.
• Ormat Technologies Developed a New Power Plant Design to Increase the Efficiency Of Geothermal Energy Production: The design involves the use of a binary cycle system, which allows the plant to generate electricity from lower temperature geothermal resources.
• The US Department Of Energy Launched a New Program to Support the Development Of Advanced Geothermal Technologies: The program aims to provide funding for research and development of new technologies to increase the efficiency and reduce the cost of geothermal energy production.
• The University Of Utah Developed a New Method to Extract Lithium from Geothermal Brines: The method involves the use of a special membrane to selectively extract lithium from the brine, which can be used in the production of batteries for electric vehicles.