Jinjoo Lee of The Wall Street Journal reports on the oil and gas industry’s investments in geothermal energy.
- After divesting from its geothermal operations in 2017, Chevron is reinvesting in the power source with pilot projects in California, Japan, and Indonesia.
- Several former oil and gas executives are applying their drilling knowhow to geothermal energy, launching more startups in the past two years than the past decade combined.
- These startups have predominantly been located in Texas due to the state’s favorable geology and market structure.
- Private sector innovation is accelerating clean energy progress.
“Small geothermal investments are an uncomplicated green boost for the oil-and-gas industry today. A true breakthrough could bring the fossil-fuel industry’s deeper existential questions to the surface.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
