Vallourec, a leader in premium steel tubular solutions, held a Geothermal Deep Dive event to discuss geothermal energy's role in its New Energies portfolio. The company aims for geothermal to contribute 10-15% of group EBITDA by 2030, driven by rising demand for clean, reliable electricity from sectors like AI data centers and electric vehicles. Vallourec emphasized its expertise in providing specialized tubular products for geothermal wells, which face unique challenges compared to oil and gas. The addressable geothermal market could reach 400,000 tonnes by 2030, comparable to current premium tube markets in South America or Africa, positioning Vallourec for significant growth in this sector.
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