Geothermal power plants and Steel

Their prices have moved together.

Geothermal power plants (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main input

Cost and price · Weak · Both ways

Well casing and surface pipes use a lot of steel that must resist heat and corrosive brines. The proxy is a US turbine price index shared by several power technologies, so it does not track steel monthly (0.05).

• 0.05 monthly change correlation
• -0.01 12-month change correlation
• 0.26 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.