The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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.”
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.”
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…”
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…”
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.”
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…”
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…”
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…”