Next-Generation Geothermal Technologies Poised to Expand U.S. Clean Energy Capacity
By
Katrina McLaughlin
Fresh out the oven, still warm. Top of the tray.
Summary
Geothermal energy currently supplies less than 1% of U.S. electricity, but next-generation geothermal technologies are poised to change that. These new systems can tap Earth's heat in locations without conventional geothermal resources, providing consistent clean electricity and heat nationwide. Significant cost declines and drilling improvements over the past five years have led to projects coming online and major utility deals being signed, signaling a potential breakthrough for the sector.
Key quotes
· 3 pulledGeothermal energy is a long-standing part of the U.S. power system. But it remains limited, supplying less than 1% of the country's electricity.
A new generation of geothermal technologies can tap Earth's heat energy in places without conventional geothermal, producing consistently available clean electricity and heat across the country.
Next-generation geothermal has already seen significant cost declines and well drilling improvements in the past five years, with projects beginning to come online and major deals signed with utilities and large customers.
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