Ben Geman of Axios reports that Exxon is keeping a close eye on geothermal.
- Geothermal is clean and reliable, but is an oft-forgotten energy source.
- Geothermal power uses many of the same drilling techniques as fracking, which has allowed many former oil and gas CEOs to launch geothermal startups.
- While Exxon is not actively pursuing geothermal at the moment, the oil giant’s interest is a good sign for the industry.
“‘We’re keeping a very close eye on it, recognizing there is a very strong alignment and synergies with what we already know how to do.'”
Read the full article here.
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