Technology breakthroughs will enable scaling Geothermal from a niche solution to available everywhere.

Geothermal energy has been a stalwart provider of clean baseload electricity worldwide for over a century, boasting unparalleled energy security, reliability, and resilience. However, its deployment has been constrained by several factors. Firstly, its reliance on specific geological conditions—Heat, Water, and Permeability—known as Hydrothermal Systems, limits its applicability. Additionally, high upfront costs, exploration uncertainties, and technological challenges impede widespread adoption. Despite these hurdles, geothermal power plants can be found globally, albeit in limited locations near volcanic or magna intrusion sites. Currently, geothermal accounts for just 0.5% of renewable energy capacity, with 16GW installed globally. While offering immense potential, geothermal remains niche, costly, and burdened by exploration risks, dampening its broader adoption.