New Delhi, May 15 -- India has significant untapped geothermal energy potential that could help meet rising industrial, cooling and electricity demand while reducing pressure on the power grid, according to a report released on Thursday by Project InnerSpace in partnership with the Council on Energy, Environment and Water (CEEW).

Potential Nearly Matches Current Power Capacity

The report, titled The Future of Geothermal in India, estimated India's technical geothermal potential at over 11,000 GW for industrial heat, more than 1,500 GW for cooling applications, and 450 GW for electricity generation, nearly equal to the country's current installed power capacity.

It said even partial deployment of geothermal energy could ease pressure on...