Innovative Geothermal Technologies Push for Sustainable Energy Independence
In a rare bipartisan agreement, politicians recognize the potential of geothermal energy as a low-emission and energy-independent source.
By Global Trend Scope Desk
In a rare bipartisan agreement, politicians recognize the potential of geothermal energy as a low-emission and energy-independent source. The next generation of technology, such as Enhanced Geothermal Systems (EGS), fractures underground rock to access hotter, deeper reservoirs, relying on techniques similar to fracking. Companies like Quaise, with roots at MIT, are developing millimeter wave drilling technology to access super-hot geothermal resources worldwide. This technique melts and vaporizes rock, bypassing the need for traditional drill bits and reducing costs. The Oregon project of this start-up aims to be operational by 2030, despite the high initial investment. The company hopes that targeting extremely high temperatures (between 300°C and 500°C) will improve economics by generating ten times more energy per well compared to traditional geothermal systems. Meanwhile, Fervo Energy made headlines as the first next-generation geothermal company to become publicly traded, with an initial valuation of $7.7 billion. Despite being four times more expensive than solar and wind power, they have secured agreements to sell electricity to tech giants like Google, demonstrating growing interest in this sustainable energy source.
Filed underTech
More stories
Tech
Qantas Streamlines IT Operations with Accenture Partnership, Outsourcing 850 Jobs
Global Trend Scope Desk
Tech
Australia Proposes Criminal Penalties for Tech Companies Negligent in AI Security Post OpenAI Hack Incident
Global Trend Scope Desk
Tech
Global AI Race Intensifies as Nvidia CEO Jensen Huang Investigated for Alleged Espionage
Global Trend Scope Desk
Tech
Global AI Race Complicated by Alleged Espionage Scandal Involving Nvidia CEO Jensen Huang
Global Trend Scope Desk
Tech
Nvidia's CEO Investigation: National Security Concerns and the Future of AI Leadership
Global Trend Scope Desk
Tech
Meta Expands Global Implementation of Age Verification for Teens on Social Platforms
Global Trend Scope Desk