The OGM Interactive Canada Edition - Summer 2024 - Read Now!
View Past IssuesBuilding a clean, reliable, and cost-effective power grid requires a mix of energy sources. While solar and wind energy will dominate, they aren’t available 24/7, 365 days a year. That’s where clean, “firm” power sources—like geothermal, nuclear, and hydropower—come into play. Among these, geothermal energy is gaining attention due to recent technological advancements that make it more accessible and affordable.
Geothermal energy currently supplies less than 1% of the world’s electricity, but next-generation technologies could revolutionize this sector. According to the U.S. Department of Energy (DOE), geothermal energy capacity in the U.S. could grow from 4 gigawatts (GW) today to 90 GW by 2050—and potentially even 300 GW under high-end projections. These advancements could expand geothermal’s reach from just seven states to at least 18 across the U.S., offering a critical tool in achieving a zero-carbon energy grid.
Traditional geothermal energy has been used for over a century but has remained geographically limited. It relies on tapping into natural underground reservoirs of hot water, which are only available in specific locations like Kenya, Iceland, Indonesia, and parts of the western U.S.
Next-generation geothermal technologies, however, aim to harness Earth’s heat without needing natural reservoirs. This breakthrough could unlock vast amounts of clean energy worldwide.
According to DOE estimates, by 2050, geothermal energy could provide roughly a quarter of the U.S.’s total electricity capacity. The advancements are not merely theoretical—several projects are already underway. Companies like Fervo Energy are developing commercial Enhanced Geothermal Systems (EGS) in Nevada and Utah, while others like Eavor are testing closed-loop geothermal systems in Canada and Germany.
Three types of next-generation geothermal technologies are leading the charge:
Geothermal energy is a clean, low-emission power source with several environmental advantages:
Additionally, geothermal plants produce little to no conventional air pollutants, avoiding health risks like lung and heart disease often associated with fossil fuel plants.
Concerns about seismic activity and water contamination have been raised, particularly in relation to EGS projects, which use hydraulic fracturing. However, the DOE’s Induced Seismicity Protocol has successfully prevented earthquake-related issues in geothermal projects for over a decade. Moreover, unlike oil and gas fracking, EGS uses little to no chemical additives, and underground systems are sealed to prevent groundwater contamination.
Despite these safeguards, risks remain, especially near natural fault lines. Incidents in France, Switzerland, and South Korea highlight the importance of robust monitoring and site selection.
The cost of geothermal energy is falling rapidly. At the DOE FORGE site, drilling costs have dropped by 500% since 2017, and Fervo Energy reduced drilling costs from $1,000 per foot to $400 per foot between projects. According to the DOE, EGS projects could cost $64 per megawatt-hour (MWh), making them competitive with solar-plus-battery systems.
With advancements in EGS, closed-loop systems, and the potential for superhot geothermal, this energy source could become a cornerstone of the global clean energy transition. Major tech companies and utilities are already investing in geothermal projects, signaling a bright future for this next-generation technology.
Geothermal energy offers an opportunity to scale up clean, firm power worldwide. With continued innovation, it could provide a critical bridge to a 100% clean, reliable power grid.
Source and Images: WRI.Org
Did you enjoy this article?