Geothermal Energy Costs Could Drop 80% by 2035

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.

European Council calls for faster geothermal deployment

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.

Closed-Loop Geothermal Potentially Redefining Energy for AI-Driven Data Centres

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.

Geothermal set to Power AI and Data Centres

To meet the massive energy demands of new data centres, Eavor CEO John Redfern emphasized the potential of next-generation geothermal to meet their quota. Unlike intermittent renewable sources, geothermal offers reliable, baseload power—an essential feature for tech companies seeking stable and independent energy solutions.

WING features Jeanine Vany’s vision for geothermal energy

Eavor’s Executive Vice President of Corporate Affairs Jeanine Vany was spotlighted by WING’s Women in Geothermal USA publication, accentuating her career as a geoscientist and her perseverance in scaling Eavor’s next-generation geothermal technology.

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