Advancing technologies have opened up the prospects for the relatively untapped geothermal sources of energy.
FREMONT, CA: As solar and wind energy find their footing in the mainstream, there are speculations about geothermal energy. The energy derived from the heat contained underneath the earth’s crust is leveraged in this case. The fact that geothermal energy is renewable and does not harm the environment makes it relevant and valuable in the current context of energy generation. An article published in Utility Dive mentions several statistics from a report by the US Department of Energy. The report tags the geothermal source as an ‘untapped energy giant’ and predicts that by 2050, geothermal energy generation in the United States will increase nearly 26 times. From these figures, it's easy to ascertain that geothermal energy will gradually attain traction in the coming years.
There are several reasons why geothermal energy has not made quick advancements like solar or wind energy. Technological limitations and other common barriers have kept geothermal energy from expanding. However, the growing focus on eliminating fossil fuels and adopting green energy is bound to push up advancements in geothermal energy generation. Once technologies advance, geothermal energy will become commercially viable and cater to industrial as well as residential consumers.
Geothermal energy can either be directly used as a source of heat or can also be used for energy generation. The use of geothermal energy for heating is vital since heating functions are energy-intensive. By installing geothermal systems in buildings, residents can cut down energy usage from grids, resulting in falling electricity bills. In the current breed of smart homes, sustainability is a major criterion, and thus, geothermal energy is expected to find wide application.
Improvements in drilling technology have created opportunities for discovering geothermal resources easily. The discovery of resources can result in the setting up of commercial energy generation facilities that can contribute to the conventional grids. However, the costs of exploration and drilling are pretty high, thus making geothermal energy relatively unaffordable at the moment. Despite this, innovative heating and cooling solutions that use geothermal energy will keep emerging and ultimately make the geothermal source an integral part of the renewable energy revolution.
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