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.
Read the full article here.