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Exclusive: Exxon CEO says company is “keeping a very close eye” on geothermal

Ben Geman of Axios reports that Exxon is keeping a close eye on geothermal.

The C3 Take
  • 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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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