I wish the best for the geothermal industry, but the phrase “could outperform” is doing a lot of heavy lifting. Geothermal thermal has essentially zero growth, in the US, in the last 20 years. And there is basically no growth planned in the near future, or at least nothing on the EIA’s or FERC’s upcoming generation list. I’m skeptical that geothermal will ever make a significant impact in the US. Though it might make…
Yeah, I'm not sure large scale geothermal electrical production will ever be a thing outside some specialized locations like Iceland. I do think geothermal has a part to play, specifically for heating and cooling of neighbourhoods and multifamily developments. The construction has to move a ton of dirt anyway, so might as well install some ground loops while you're at it. If you're forced to drill due to site conditi…
I understand people see this as an underperforming investment but I instead see it as de-risking.