The Potential Impact of Geothermal Energy is Huge. It could Supply 50% of the Electricity.
Miles below the Earth’s surface, there’s enough thermal energy to power all of humanity for the foreseeable future. It’s called geothermal energy, and it’s poised to play an increasingly large role as a source of always available, renewable power.
Now, there are a number of startups in the geothermal space, working to figure out how to access this heat in difficult to reach geographies, at a price point that makes sense. And it’s even gotten the attention of oil and gas industry giants, who are interested in greening their portfolios while sticking to their core competencies – extracting energy resources from deep within the Earth.
CNBC
Learn More about Geothermal Energy in this Video.
Learn How Iceland is using Geothermal Energy
Iceland has harnessed the potential of geothermal energy, heating 90% of its houses and producing 30% of its electricity with geothermal. Geothermal energy is very important in Iceland that relies 100% on renewables for both electricity and house heating.
The cascading use of geothermal was also pioneered in Iceland and has created new industries in Iceland through the circular economy mindset of making the most of each resource. Icelandic expertise in geothermal is also a valuable export product.
Green By Iceland
Iceland and Geothermal Energy
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