The U.S. energy sector is on the brink of a significant transformation due to the potential of geothermal energy, as demonstrated in congressional testimony this week. Geothermal energy is viewed as a solution to meet the increasing energy demands, especially for AI data centers. Innovations in drilling and hydraulic fracturing are making geothermal more accessible and less expensive. Prominent projects, such as Fervo Energy's 500-megawatt plant in Utah, signal a full-scale shift toward utilizing geothermal energy, which many believe could be a vital energy source for the future.
Even right here in New York City, new residential and office developments underway in Greenpoint, Coney Island and Manhattan are being built to rely significantly on this power source.
This isn't a concept or a pilot, it's a full-scale energy project in motion," Tim Latimer of Fervo Energy told the House committee Monday, as he described the 500-megawatt plant his company is building in Utah.
We've unlocked geothermal energy in places where it was previously impossible."
Geothermal has the potential to be the Holy Grail of energy: unlimited and right under our feet.
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