Amrith Ramkumar and Benoît Morenne of The Wall Street Journal write on the geothermal rush from frackers.
- Oil-and-gas companies like Chevron, BP, and Devon Energy are investing heavily in geothermal energy, leveraging technologies from the shale revolution to tap into underground heat for clean power production.
- The convergence of interests between oil-and-gas, technology, and green power industries is driving the growth of modern geothermal startups, aiming to generate steady carbon-free electricity for the grid and power-hungry data centers.
- Technological advancements, including horizontal drilling and sensor technology, are making geothermal energy more accessible and cost-effective, with startups like Fervo Energy leading the way in revolutionizing the industry’s approach to electricity generation.
“Technological advances in well drilling, modeling and sensor technology are expected to change that: The Energy Department estimates geothermal energy could power the equivalent of more than 65 million U.S. homes by 2050.”
Read the full article here.
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