A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous clean power in an era of climate crisis means that geothermal energy is finally having its moment in the US.
Until recently, geothermal has only been viable where the Earth’s inner heat simmers near the surface, such as at hot springs or geysers where hot water or steam can be easily drawn to drive turbines and generate electricity.
While this has allowed a limited number of places, like Iceland, to use geothermal as a main source of heating and electricity, it has only been a niche presence in the US, providing less than 1% of its electricity. But this could change dramatically, offering the promise of endless, 24/7 clean energy that can fill in the gaps of intermittent solar and wind generation in the electricity grid.
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.
