As a net-zero energy source, geothermal can be a gamechanger for reducing our global carbon footprint. What are the market drivers for this exciting clean technology? In addition, what current limitations are keeping this energy source from expanding, and are there solutions to address these issues?
In 2023, the offshore wind sector faced challenges due to higher interest rates and supply chain cost pressures, leading certain developers to abandon projects. Despite the difficulties, offshore wind continues to stand out as an appealing choice in numerous mature and emerging markets, presenting vast potential for clean power generation. What technological solutions and innovations will pave the way to surmount these obstacles and propel the advancement of this technology?
New technologies in the geothermal space might have the capabilities of bringing in over 100 gigawatts of firm capacity by 2050. What technologies are already in place and what additional technological innovations will be required for geothermal to play a bigger role in the energy mix of the future?