Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas.
Meta and Alphabet’s Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centers.
Large data-center operators are also racing to meet the energy needs of artificial intelligence, accelerating a range of clean technologies in the process.
“We believe geothermal, along with abundant natural gas, can be part of the all-of-the-above energy mix we need to meet the demand,” said Trey Lowe, chief technology officer at U.S. shale gas producer Devon Energy, an investor in geothermal startup Fervo Energy.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
