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Tuesday, June 18, 2024

DOE Unveils Roadmap for the Next Generation of Geothermal Power

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced the release of its latest Pathways to Commercial Liftoff report, focusing on the potential of next-generation geothermal power to transform the U.S. energy landscape. “Pathways to Commercial Liftoff: Next-Generation Geothermal Power,” marks the ninth installment in the Liftoff series which launched in March 2023. This report shows how advanced geothermal technology could increase the United States’ geothermal energy production to 90 gigawatts or more by 2050, a twentyfold increase. This growth in geothermal energy supports the Biden-Harris Administration’s goals of facilitating a carbon-free electricity grid by 2035, while creating thousands of good-paying jobs to boost our clean energy economy.

“The US can lead the clean energy future with continued innovation on next-generation technologies, from harnessing the power of the sun to the heat beneath our feet, and cracking the code to deploy them at scale,” said U.S. Secretary of Energy Jennifer M. Granholm. “The newest report in DOE’s commercial liftoff series showcases the enormous potential for geothermal energy and that with strong public-private partnerships we can lower costs for this hot technology to expand access for cleaner, more reliable power to communities across the nation.”

Next-generation geothermal energy represents a significant advancement in harnessing the Earth’s heat to generate power. This innovative approach involves the use of nascent technologies and methods to access and convert geothermal resources into electricity more efficiently and sustainably than ever before. Next-generational geothermal benefits from the long-standing use of geothermal as a power generation technology, and features transferrable technology, supply chains, and workforces from the oil & gas sector.  

The release of this liftoff report follows on the heels of DOE’s recent announcement of projects directed by the Bipartisan Infrastructure Law to demonstrate the efficacy and scalability of enhanced geothermal systems. These selections, coupled with incentives for geothermal electricity development through the Inflation Reduction Act, are part of President Biden’s Investing in America Agenda which includes substantial investment in clean energy technologies.

Key findings from the report include:

  • Next-generation expansion: With the use of next-generation technologies, geothermal power has the potential to expand by more than 20 times from current U.S. installed capacity, contributing 90 GW of clean, firm power nationwide by 2050, and potentially significantly more.
  • Increased job opportunities: The existing oil and gas workforce of more than 300,000 can potentially transition and use their existing skills to advance geothermal power.
  • Sustainable Production: Next-generation geothermal has unique starting advantages that mean it is poised for rapid scale due to highly transferrable and existing technology, supply chains, and workforces.
  • Access to sustainable resources: Next-generation geothermal technology can engineer geothermal resources in ubiquitous hot rock formations, eliminating the need for human-made reservoirs or systems in the subsurface, making heat resources accessible nationwide.
  • Lower Costs: Competitive pricing models can position next-generation geothermal power to be as cost effective as other energy sources.

This Liftoff report supports the goals of DOE’s Enhanced Geothermal Shot, part of DOE’s Energy Earthshots Initiative, which aims to unlock Earth’s near-inexhaustible heat resources and bring enhanced geothermal systems to Americans nationwide. 

DOE develops its Pathways to Commercial Liftoff reports with extensive stakeholder engagement and a combination of system-level modeling and project-level financial modeling. Additional reports will be added in the coming months. Find out more information about the reports here. DOE continues to encourage public input and stakeholder engagement for its liftoff reports through industry forums and via email to [email protected].

Learn more about geothermal energy research, development, and demonstration in DOE’s Geothermal Technologies Office

On April 12th, 2024, DOE will host a virtual fireside chat and webinar featuring senior DOE leaders to explore the Pathways to Commercial Liftoff: Next-Generation Geothermal Power” report. Please register here.

Official news published at https://www.energy.gov/articles/doe-unveils-roadmap-next-generation-geothermal-power

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