Journal Home Online First Current Issue Archive For Authors Journal Information 中文版

2021, Volume 8, Issue 3

Abstract

Keywords

Related Research

Back to Top

Frontiers of Engineering Management >> 2021, Volume 8, Issue 3 doi: 10.1007/s42524-020-0106-4

Strategic analysis of China’s geothermal energy industry

. SINOPEC Star Petroleum Co., Ltd., Beijing 100083, China; China National Research and Technology Center of Geothermal Energy, Beijing 100083, China; Chinese Academy of Engineering, Beijing 100088, China.. Chinese Academy of Engineering, Beijing 100088, China; Department of Mechanical Engineering, University of Michigan, Ann Arbor, MI 48109, USA.. SINOPEC Star Petroleum Co., Ltd., Beijing 100083, China; China National Research and Technology Center of Geothermal Energy, Beijing 100083, China.. SINOPEC Economics and Development Research Institute, Beijing 100029, China.. China National Research and Technology Center of Geothermal Energy, Beijing 100083, China; Chinese Academy of Engineering, Beijing 100088, China

Accepted: 2020-04-30 Available online: 2020-04-30
HTML16 PDF 17 Collect 0

Next Previous

Abstract

China is an early user of geothermal energy, and its direct use ranks first in the world. Recent national strategies and policies have enabled China’s geothermal energy industry to enter a new era with important development opportunities. This paper investigates the strengths, weaknesses, opportunities, and threats (SWOT) to China’s geothermal energy industry from political, economic, social, and technological (PEST) perspectives. SWOT–PEST analysis indicates that the resources, market, and technological foundation exist for the large-scale development of China’s geothermal energy industry. However, it experiences constraints, such as unclear resource distributions, incomplete development of government regulations, incomplete implementation of national policies, unclear authority between governmental administrative systems, and lack of uniform technical standards and codes. Therefore, future development strategies have been proposed to provide technical support and policy tools for geothermal energy development. The recommendations to ensure its healthy and sustainable development include improving resource exploration, rationalizing administration systems, enhancing policy guidance and financial support, and cultivating geothermal talent.

Related Research