New technologies have expanded the prospects for the relatively untapped geothermal energy sources.
FREMONT, CA: As solar and wind energy discover their footing in the mainstream, there are suppositions about geothermal energy. The power derived from the heat contained underneath the earth's crust is leveraged in this case. The actuality that geothermal energy is renewable and does not damage the environment makes it relevant and valuable in the current energy generation context.
An article published in Utility Dive refers to several statistics from the US Department of Energy report. Geothermal energy is positioned as an 'untapped energy giant' in the report, which forecasts almost 26 times more geothermal energy generation in the United States by 2050. From these figures, it's easy to determine that geothermal energy will gradually attain traction in the coming years.
There are several reasons geothermal energy has not made breakthroughs like solar or wind energy. Technological limitations and common barriers have kept geothermal energy from expanding. The growing target of eliminating fossil fuels and adopting green energy will increase geothermal energy generation. Geothermal energy will be commercially viable and cater to industrial and residential consumers.
Geothermal energy can either be used as a heat source or for energy generation. Due to the energy-intensive nature of heating functions, geothermal energy is essential. By installing geothermal systems in buildings, plac can reduce their energy usage from grids, resulting in falling electricity bills. Sustainability is a significant criterion, and geothermal energy is expected to find broad applications.
Improvements in drilling technology have developed opportunities for discovering geothermal resources quickly. The revelation of resources can result in the setting up commercial energy generation facilities that can contribute to the conventional grids. However, exploration and drilling costs are pretty high, thus making geothermal energy relatively unaffordable. Despite this, geothermal energy's innovative heating and cooling solutions will increase, making geothermal sources an integral part of the renewable energy revolution.
