Prediction Not checkable as stated
Hoyland: Geothermal will add more firm capacity than clean competitors by 2035
“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.”
Prediction Open · timeframe May 2030
Hoyland: Unlikely US has another gigawatt-scale conventional geothermal resource
“But at least here in the United States, it's unlikely that there's another gigawatt-scale conventional geothermal resource to be discovered of that type.”
Prediction Not checkable as stated
Hoyland: Geothermal projects can realistically reach completion in three to four years
“If you just take it down to the bare bones of you need about one to two years to explore and confirm the resource, and about One and a half to two years to construct that power facility and tie it into the grid. So the ideal scenario would be three to four yea…”
Prediction Not checkable as stated
Hoyland: Deploying geothermal in unconventional regions will take decades
“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…”
Assertion Supported
Hoyland: US near-term geothermal resource spans hundreds of gigawatts to terawatts
“When you look at the full stack of kind of near-term EGS and conventional, we really are talking about hundreds of gigawatts to terawatts of resource potential.”
Assertion Supported
Hoyland: US geothermal scaled faster than any other renewable in the 1970s-1980s
“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…”
Insight
Hoyland: Majority of subterranean geothermal resources are blind with no surface signs
“Most of these convective cells of hot water underground Are not coming to the surface, and we now know that the majority of them are actually what we call blind. There's no hot spring, no volcano, and you wouldn't have even known they existed had you not, in m…”
Insight
Hoyland: EGS versus conventional geothermal mirrors unconventional versus conventional oil and gas
“In many ways I think is analogous to what you see in oil and gas, the division between conventional oil and gas and unconventional. Is the ability to just drill a well and have what you need versus needing to modify the subsurface in some way.”
Assertion Supported
Hoyland: Geothermal slim wells cost $1M to $4M at 5,000-6,000 feet
“In this case, you're going to be going to a few thousand feet, maybe as much as five or 6000 feet, and your cost is going to be in the million plus range, so call it one to two million, maybe three or four, depending on the more complex wells to prove that out…”
Assertion Supported
Hoyland: Early geothermal developers risked $5M–$15M skipping slim wells
“In the early days, they would often skip that intermediate, what I was calling a slim well or more miniature well, and they would go straight to production well. Oh, we've got great temperatures, let's drill into this, and they might drill the five, 10, fiftee…”
Disclosure
Hoyland: Zanskar's new 8,000-foot New Mexico well produces 15 megawatts net
“So we recently actually drilled a new production well down at an operating power plant in New Mexico, and that single well, it's a larger diameter well going to about 8000 feet depth, and it can produce about 15 megawatts net.”
