The International Energy Agency (IEA) has recently released a report highlighting the potential of fracking techniques, honed in the US shale boom, to revolutionize geothermal energy and we wanted to share it with our network.
By adopting these advancements, particularly horizontal drilling and hydraulic fracturing, geothermal energy can access deeper, hotter resources, significantly reducing costs. This increased accessibility could make geothermal energy more competitive with solar, wind, and other renewable energy sources. The report emphasizes the crucial role of the oil and gas industry, with its expertise and investment, in unlocking this potential.
With the right support, #geothermalenergy could play a significant role in meeting future global electricity demand, offering a reliable, low-carbon energy source.
Read the full article below.
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#energy #geothermal #energyindustry #global #innovation #carbon