Geothermal tech could power next energy boom, says new report
16 dec. 2024
09:41
New drilling technologies could help unlock the vast potential of geothermal energy to help meet the global need for electricity, according to a new report by the International Energy Agency (IEA). This could lead to investments of up to €1 trillion by 2035.
Geothermal energy is still in its infancy but could be on the verge of a major boom thanks to advancements in drilling technologies developed by the oil and gas industries.
A new report by the International Energy Agency says geothermal energy could meet 15 percent of global electricity demand growth between now and 2050 – but achieving this would require costs to come down significantly.