“We Will Leave the Light on For You”–Hot Earth or Geothermal Energy Could Replace Fossil & Renewable Fuel Sources of Electricity for Several Years.

SITUATION:
Geothermal Project is to tap intense heat & steam 1 – 2 miles down in Earth.
Challenge is to develop a process of mining the heat generated from the Earth.
Geothermal energy is clean, renewable resource. harnessed for use as heat & electricity.

SIGNIFICANCE:
Does not require storage so gives Geothermal enormous potential for future.
The so called Learning rate of solar energy is high.
Geothermal energy is more efficient, & cost effective than burning fossil fuels.
Ultimate source of geothermal energy is radioactive decay of earth elements.
Geothermal is form of renewable nuclear energy without problems of waste disposal.

SOLUTION:
Solving Geothermal retrieval could solve global energy problem.
Could supply energy for the World for 2 M years.
Heating networks are fed & whole city areas are supplied with electricity.
With temperature level high, geothermal power plants can  generate electricity.
Geothermal has the potential to reduce our dependence on foreign oil.

STATS:
Geothermal how accounts for 0.4% of total electricity production.
Presently, 80% of total energy consumption comes from oil. Gas,& coal.
So far 446.000 jobs have been created from Solar & Wind In 2019.

U.S. Relies on these fuel sources:
 Oil  –  37%
Natural Gas  – 32%
Coal – 11%
Renewables – 11%

COMPANIES [Involved in developing Geothermal Energy];
AltaRock Energy
Geothermal Entrepreneurial Organization – Austin
Global Carbon Project
International Renewable Energy Agency

PEOPLE;

David Cohen, Associate Professor, Rice
James Beard,  Executive Director, Geothermal Entrepreneurship Organization (GEO)

SEZ:
“As state and national policies move to significantly reduce climate changing power emissions,
geothermal is a baseload clean energy that can replace baseload fossil fuels at a
minimum cost to the power system,” — Karl Gawell, GEA’s executive director.

SOURCES:
“ Untapped Potential of Geo Thermal” – https://www.energy.gov/articles/doe-releases-new-study-highlighting-untapped-potential-geothermal-energy-united-states

Tapping into the potential of geothermal energy – https://cordis.europa.eu/article/id/413423-tapping-into-the-potential-of-geothermal-energy

 

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