24 / 7
Geothermal can provide low-carbon energy round the clock supports long-term energy price stability. It represents not just another renewable energy source, but a transformative technology capable of delivering clean, firm, dispatchable power at scale.
Q. HISTORICALLY, WHAT HAS STOPPED GEOTHERMAL FROM BECOMING A LARGER PART OF THE GLOBAL ENERGY MIX?
ยป The most fundamental barrier is geography. Conventional geothermal systems depend on very specific natural conditions. They need the right combination of heat, underground fluids and permeability all occurring in the same place.
The second barrier is cost. Drilling deep into the earth is expensive and the upfront capital required to explore and develop a geothermal site is substantial.
Finally, renewable energy policies have been designed around solar and wind, which ultimately have lower equipment costs and fast deployment timelines. As a result, geothermal, with its longer lead times and higher upfront costs, has often been left at a disadvantage in those frameworks.
energydigital. com 29