geothermal

geothermal energy harnesses heat that is produced by the earth's interior as a result of radioactive decay.

how it works

Deep underground there are hot rocks, fluid, and permeability (the ability for fluid to move between rocks).


These are the three key components of geothermal energy generation. They can exist either by natural or artificial causes.


To create energy, fluid must flow through the hot rocks, absorbing their heat. That fluid then is drawn up through wells to the earth’s surface. This heat energy is converted to steam, which drives turbines that produce electricity before it is re-injected into the wells.


There are 3 main types of geothermal power plant technologies:


  1. Dry steam. Uses hydrothermal fluids that are already mostly steam. These are the oldest types of plants, first used in Italy in 1904.

  2. Flash steam. Fluids at >360F are pumped from underground and travel under high pressure to a low pressure tank at the earth's surface. This sudden change in pressure causes fluid to "flash,” into vapor. That vapor drives a turbine, which drives a generator to create electricity.

  3. Binary cycle. Use lower temp geothermal resources. The geothermal reservoir fluids never come into contact with the power plant's turbine units. They pass through a heat exchanger with a secondary (binary) fluid which flashes into vapor, which drives turbines to create electricity.


As of 2023, geothermal makes up about 0.4% of US utility-scale electricity generation.


bottlenecks

Interconnection delays +costs.


Permitting, siting, & regulatory constraints.


Supply chain & materials. Drilling deep wells and construction of geothermal plants requires advanced technology.


Skills gap. There’s a dearth of skilled labor that can build and maintain geothermal plants.


High upfront costs. Building new geothermal plants is very capital-intensive, ranking third most capital-intensive on this list, behind only nuclear.


Environmental concerns. There is potential for induced seismic activity like earthquakes. Over-extraction without proper re-injection of fluids can deplete resources and cause sinkholes.

companies building in geothermal

Ormat Technologies has over 1100MW of geothermal capacity


Calpine does both NG + geothermal


Fervo Energy is a startup using fracking methods to create artificial reservoirs in hot rocks, pumping in water