Press Release
☷DOE Unveils Roadmap for the Next Generation of Geothermal Power
U.S. Department of Energy ( By Press Release office)
Mar 20,2024
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The U . S . Department of Energy ( DOE ) just released a new report called "Pathways to Commercial Liftoff: Next - Generation Geothermal Power . " This report is part of a series that started in March 2023 and focuses on the potential of geothermal energy to transform the U . S . energy landscape . It shows how advanced geothermal technology could increase the country ' s geothermal energy production to 90 gigawatts or more by 2050 , a twentyfold increase . This growth in geothermal energy aligns with the Biden - Harris Administration ' s goal of a carbon - free electricity grid by 2035 and will create thousands of clean energy jobs . U . S . Secretary of Energy Jennifer M . Granholm believes that the U . S . has the potential to lead the clean energy future by innovating new technologies , including geothermal energy . The report highlights the significant advancements in harnessing the Earth ' s heat to generate power , using nascent technologies and methods . It also mentions the recent projects directed by the Bipartisan Infrastructure Law to demonstrate the effectiveness and scalability of enhanced geothermal systems . Overall , the report suggests that geothermal power has the potential to expand by more than 20 times from its current capacity , contributing 90 GW of clean power nationwide by 2050 . Cost - effective: The competitive pricing models can make next - generation geothermal power just as affordable as other energy sources . Access to sustainable resources: The new geothermal technology can tap into hot rock formations all over the country , eliminating the need for man - made reservoirs or systems underground . Environmentally friendly production: The advanced geothermal technology has advantages that make it easy to expand quickly , thanks to its adaptable technology , supply chains , and workforce . More job opportunities: Over 300 , 000 workers in the oil and gas industry can potentially switch to geothermal power and use their existing skills . This report supports the DOE ' s efforts to unlock the Earth ' s heat resources and make enhanced geothermal systems available to all Americans . The DOE has developed this report through extensive stakeholder engagement and financial modeling . More reports will be released in the future . To learn more , visit the website provided . The DOE welcomes feedback through industry forums and email . Find out more about geothermal energy research and development on the DOE ' s Geothermal Technologies Office website . On April 12th , 2024 , there will be a virtual fireside chat and webinar featuring senior DOE leaders discussing the "Pathways to Commercial Liftoff: Next - Generation Geothermal Power" report . Register for the event using the provided link .
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