Geothermal Energy
A source of renewable heat and baseload power generated using thermal energy derived from below the Earth's surface, with recent innovations like enhanced geothermal systems and advanced closed-loop systems holding the potential to unlock vast but previously inaccessible geothermal resources.
LUX TAKE:
Geothermal remains a small part of the global energy supply, contributing to less than 1% of power generation, held back by high site exploration and drilling costs and limited high-quality hydrothermal resource availability. Nonetheless, geothermal has a high capacity factor and has the potential to provide low-carbon baseload power and heat – depending on location and regional markets. Pilot ...
News Commentaries
Changing of the seasons: Seasonal thermal energy storage for large-scale residential heating (October 25, 2022)
Orca to Mammoth: Climeworks' new facility scales up its DAC capacity 10 fold (June 28, 2022)