Vallourec Targets 10-15% EBITDA from Geothermal by 2030
Event summary
- Vallourec hosted a Geothermal Deep Dive on June 15, 2026, outlining its strategy to capture 10-15% of group EBITDA from geothermal by 2030.
- The company highlighted a $400K-ton addressable market in geothermal by the end of the decade, comparable to current premium tube markets in South America or Africa.
- Vallourec cited partnerships with Fervo Energy and XGS Energy as key milestones in its geothermal expansion.
- Management emphasized the role of AI data centers, electric vehicles, and industrial electrification in driving geothermal demand.
The big picture
Vallourec is positioning itself as a key enabler of next-generation geothermal energy, leveraging its premium tubular solutions to capitalize on the growing demand for clean, baseload electricity. The company’s strategy aligns with broader industry trends toward decarbonization and electrification, particularly in data centers and industrial applications. With a target of 10-15% EBITDA contribution from geothermal by 2030, Vallourec is betting on significant scale and cost reductions in the sector.
What we're watching
- Market Momentum
- Whether Vallourec can sustain its geothermal growth trajectory amid rising demand from AI data centers and electric vehicles.
- Technical Execution
- How Vallourec’s oil and gas expertise translates to geothermal applications, given the higher temperatures and longer lifetimes of geothermal wells.
- Competitive Positioning
- The pace at which Vallourec can differentiate itself in the geothermal market against traditional energy providers.
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