|
We are excited to announce the release of the much-anticipated Next-Generation Geothermal Power Liftoff report by the U.S. Department of Energy (DOE). As part of the "Pathways to Commercial Liftoff" series, this report shows how advanced geothermal technology could increase the United States’ geothermal energy production to 90 gigawatts or more by 2050, a twenty-fold increase.
Other key highlights from the report:
-
Increased job opportunities: The existing oil and gas workforce of more than 300,000 can potentially transition and use their existing skills to advance geothermal power.
-
Sustainable Production: Next-generation geothermal has unique starting advantages that mean it is poised for rapid scale due to highly transferrable and existing technology, supply chains, and workforces.
-
Access to sustainable resources: Next-generation geothermal technology can engineer geothermal resources in ubiquitous hot rock formations, eliminating the need for human-made reservoirs or systems in the subsurface, making heat resources accessible nationwide.
-
Lower Costs: Competitive pricing models can position next-generation geothermal power to be as cost effective as other energy sources.
|
|
|
|
