Bipartisan support fuels geothermal growth amid leasing challenges
An article in Semafor describes the evolving circumstance of leasing land for geothermal energy development in the U.S. Despite geothermal’s potential to provide reliable, low-emission energy, the Utah auction saw only one of three plots receive bids. Ormat Technologies, a Nevada-based energy developer, secured the lease for just $2 per acre. Analysts attribute the lacklustre outcome to the plots’ remote, mountainous location and relatively low geothermal temperatures, which can limit economic viability.
