Geothermal Energy Explained
Podcast: Geothermal Energy Explained
Join us for an insightful conversation on technology development!
[00:01 – 08:38] Opening Segment
- Introducing Cindy to the show
- Fracking and horizontal drilling have revolutionized US energy production
- EGS (Enhanced Geothermal Systems) require either drilling or fracturing to create an artificial reservoir in hot rock without water
[08:39 – 17:05] Unlocking the Power of Geothermal Energy
- Geothermal energy is on the learning curve where wind and solar were 15-20 years ago
- The cost of geothermal is currently in the 9-10 cents per kilowatt hour range, while wind and solar are around half
- Geothermal can act as energy storage for other technologies by cycling a small volume of fluid in the fracture
[17:06 – 26:13] Streamlining Geothermal Permitting in Texas and Louisiana
- Pumping water into a fracture during times of low demand and then releasing it back to the surface when demand peaks to generate electricity
- Cost-competitive energy production is vital for communities to pursue
- The effects of raising funds in a series A fundraise
[26:14 – 33:40] Closing Segment
- Industrial processes that require both electricity and heat could benefit from geothermal energy
- Geothermal currently makes up less than 1% of utility electricity generation in the US
- Most significant challenges are technology and sizeable upfront capital cost
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