Next-gen geothermal could see faster cost reductions than traditional methods! Unlike traditional geothermal, which faces high exploration risks, new technologies from Quaise, Fervo, and Evor create ideal conditions artificially.
Watch the full video here on YouTube:
https://youtu.be/vXue9EQt-Wg
Next Generation Geothermal Technologies
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Buried beneath our feet lies an untapped power source—one that holds 50,000 times more energy than all the world’s oil and gas reserves combined. If we could tap into even a tiny fraction of this geothermal energy, it could power the world for millennia with clean energy on demand day and night and no matter the weather or the season. The only problem is that in most places on earth, geothermal power is locked away deep below the surface – too deep to drill, except in those lucky locations where underground reservoirs of steam and hot water exist close to the surface.
But new geothermal technologies could make this energy accessible almost anywhere. In this video we’re going to find out how exactly how these technologies are digging deeper and hotter and hoping to bring geothermal from niche to mainstream. And we'll take a look at leading goethermal startups Quaise, Fervo and Eavor to find out their progress and future plans.
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The Engineering with Rosie team is:
Rosemary Barnes: presenter, producer, writer
Javi Diez: editor https://www.linkedin.com/in/javierdiezsuarez/?locale=en_US
Bookmarks:
00:00 Intro
01:29 How Traditional Geothermal Works
02:56 Challenges with Geothermal technology
05:39 High temperature drilling
07:34 Enhanced Geothermal Systems EGS
10:03 Closed Loop Geothermal
11:42 Cost potential of geothermal
14:05 Outro
Sources:
Quaise Energy https://www.quaise.energy/
Fervo Energy https://fervoenergy.com/
FORGE https://utahforge.com/ and https://www.energy.gov/eere/geothermal/forge
Eavor https://www.eavor.com/
https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2017/Aug/IRENA_Geothermal_Power_2017.pdf
https://www.ga.gov.au/aecr2024/geothermal#:~:text=In%202021%2C%20global%20geothermal%20power,of%20the%20world's%20electricity%20generation
https://www.irena.org/Energy-Transition/Technology/Geothermal-energy
https://ourworldindata.org/grapher/electricity-prod-source-stacked?stackMode=relative
https://www.researchgate.net/figure/Geothermal-fields-installed-worldwide-in-a-plate-tectonic-setting-Geothermal-play-types_fig3_263128053
https://ourworldindata.org/grapher/installed-geothermal-capacity
https://ourworldindata.org/grapher/installed-geothermal-capacity?tab=table#explore-the-data
https://www.theguardian.com/environment/2024/jan/25/our-contribution-to-a-cleaner-world-how-kenya-found-an-extraordinary-power-source-beneath-its-feet#:~:text=As%20a%20result%2C%20Kenya%20sources,%25%20wind%20and%202%25%20solar
https://energytransition.org/2023/03/geothermal-iceland-this-land-of-fire-and-ice-is-pushing-the-limits-of-its-natural-energy/#:~:text=With%20over%20200%20volcanoes%20across,are%20heated%20by%20geothermal%20energy
https://www.sciencedirect.com/science/article/pii/S0920410514000813
https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2021/Jun/IRENA_Power_Generation_Costs_2020.pdf
https://www.lazard.com/media/xemfey0k/lazards-lcoeplus-june-2024-_vf.pdf
https://www.ga.gov.au/aecr2024/geothermal#:~:text=Conventional%20geothermal%20resources%20usually%20occur,require%20stimulation%20to%20extract%20heat
https://newatlas.com/energy/quaise-deep-geothermal-millimeter-wave-drill/?itm_source=newatlas&itm_medium=article-body
https://budsoffshoreenergy.com/2024/08/05/quaise-ultradeep-geothermal-update-field-tests-of-drilling-technology-upcoming/
https://www.quaise.energy/#timeline
https://utahforgevirtualtour.imaginxavr.com/
https://www.thinkgeoenergy.com/fervo-and-google-geothermal-power-facility-starts-grid-supply/
https://x.com/wilson_ricks/status/1853923020395757968
https://www.sciencedirect.com/science/article/am/pii/S0306261922002537
https://www.nature.com/articles/s41467-021-26679-w#:~:text=The%20earthquake%20was%20likely%20triggered%20by%20these%20operations
https://fervoenergy.com/fervos-approach-to-induced-seismicity-management/
https://www.linkedin.com/posts/eavor-deutschland_energyforeavor-energiewende-waeurmewende-activity-7170812474831552512--Y9T/?utm_source=share&utm_medium=member_desktop
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