Analysis
NAICS 221116 is the 2022 national industry for geothermal electric power generation, part of 22111 (Electric Power Generation). Census lists 3 example activities under it in the official index.
Between 2018 and 2023 the number of establishments grew 41% and employment rose 33%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
County Business Patterns counts 48 US establishments in this code in 2023, employing 1,565 people at an average annual payroll of $127,334 per employee (93rd percentile of national industries). 29% of the establishments have fewer than five employees, which is close to the national mix.
By establishments it ranks 8th of the 8 codes at this level within Electric Power Generation, with 1.1% of them.
Its index entries, the activities Census uses to assign businesses to this code, include electric power generation, geothermal, geothermal electric power generation and power generation, geothermal.
Official definition
This U.S. industry comprises establishments primarily engaged in operating geothermal electric power generation facilities. These facilities use heat derived from the Earth to produce electric energy. The electric energy produced in these establishments is provided to electric power transmission systems or to electric power distribution systems.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (3)
- Electric power generation, geothermal
- Geothermal electric power generation
- Power generation, geothermal