The cost of geothermal energy could decline by as much as 80 percent by 2035, reaching approximately $50 per megawatt hour, according to the report from the International Energy Agency (IEA). This sharp reduction hinges on increased investment, technological advancements, and policy support.
Students from the United Robotics of Lacombe (URL) program have developed a unique prototype that could help Alberta beekeepers combat significant bee colony losses.
Geothermal energy experienced substantial momentum in 2024, fueled by milestones in funding, project development, and rising demand for carbon-free, around-the-clock electricity.
The European Council recently concluded an approval to promote geothermal energy within EU member states, aiming to accelerate the decarbonization of heating and cooling with an affordable and secure energy source. To achieve this, the Council calls for faster geothermal deployment and facilitating permitting and access.
Advanced geothermal technology is garnering attention for its capacity to offer a transformative solution to the rising energy demands of AI-driven data centers. Unlike traditional energy sources, closed-loop geothermal systems provide reliable, baseload power that can operate almost anywhere, making them uniquely suited for the rapid growth of AI and data centres.
The World Resources Institute completed an analysis of the benefits, costs and potential risks of next-generation geothermal energy, stating that this technology is already bringing down capital costs and standing out for its high resource potential.
