geothermal

“First of all, I think geothermal could be really huge for DAC just as a side note, but that's not, like, to say that that's obviously not a alternate energy use that would go somewhere else, right?”

“If we want to go fast, and we want to do this at scale, we're going to have to leverage that entire industry.”

“Every time I read a, an article, for instance, that's talking about you know, how we're sure we're going to heat homes with hydrogen. I literally, I mean, it's a facepalm moment, right? Because geothermal is just so much easier to do than that, right? And so, …”

“So geothermal has exploration risks, so understanding the resource before you start Developing a project, and you have to understand those well enough to get a project financed, and that is a deal breaker for a lot of projects, particularly for startup compani…”

“Kenya's grid is actually about 75% installed capacity is renewable right now, and about 90% of the energy they produce is renewable. A lot of that is because of the focus on geothermal.”

“I just want people to see nuclear, not as some sort of special, unique kind of power, but simply one of the options on the table for balancing longer term Renewable energy. One among others, there are other options. There's geothermal, there's longer term stor…”

“And I kind of think about a lot of these companies that are now coming up, these kind of next great climate tech leaders, like Fervo, which is doing next generation geothermal. I think their future is being a development company for geothermal and producing gi…”

“Oil and gas are fracturing sedimentary rocks. Which tend to be more pliable, plastic, and geothermal is fracturing volcanic rocks, which are brittle and hard, and it's a somewhat different process, and it's a somewhat different result as a consequence.”

“Basically all of the geothermal that we've built in the United States is in Nevada or California.”

“As drilling costs come down, or as demand for clean firm power continues to increase, we see the economic shifting to where you could start to justify new build geothermal using some of these new methods, and even more unconventional locations. We think that t…”

“Most of the United States growth actually happens in those first one to two decades. And for a while, it looks like geothermal is just going to take off. It's scaling faster than any other renewable at the time. And through the 19 eighties, we had gigawatts of…”

“And so in terms of adding low-cost, firm, renewable energy in the next five to 10 years, we really think there's a chance to add more with geothermal than any other competitive form.”

“And in those regions, like probably solar is still cheaper on a levelized cost of energy basis than geothermal, even subsidized even when geothermal is subsidized and solar is not for quite some time, but you don't add geothermal because you're competing with,…”

“Our new administration, our Secretary of Energy in particular, Chris Wright is super bullish on geothermal in general. He likes geothermal and nuclear, and those are the two sort of, like, overlapping clean energy things that, that I think he is full-throatedl…”

“I think that the inflection is, is going to be much slower and happen over the next five years, and that geothermal will really be positioned to take off more so in the 20 thirties than in the late 20 twenties. That's my bet at the moment.”

“The list of clean baseload power generation sources is sadly pretty short, and as far as proven technologies go, sorry, wave power, is really just hydro, nuclear, and geothermal.”

“The type of contracts that have been signed so far are for the most part non-binding subject to milestones.”