Next-Generation Geothermal Energy on the Rise

 

 


Major technology companies, including Amazon, Microsoft, and Google, are investing in next-generation geothermal energy, a low-carbon source that could complement solar and wind power. Start-ups like Fervo Energy and Sage Geosystems are racing to tap into the Earth's heat, using enhanced geothermal systems (EGS) that create their own reservoirs of heated water. While costs are still high, geothermal energy could become a viable option for providing around-the-clockpower.

  • Forecast for 6 months: Expect increased investment in next-generation geothermal energy, with several start-ups announcing partnerships with major tech companies.
  • Forecast for 1 year: The first commercial geothermal plants using EGS technology are expected to come online, providing a significant boost to the industry's credibility and potential.
  • Forecast for 5 years: Geothermal energy is likely to become a major player in the global energy market, with costs decreasing as technology improves and economies of scale are achieved.

 

 

Read more here: https://soothsayer.press/next-generation-geothermal-energy-on-the-rise/

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