Reported 2 days ago
Geothermal energy startups are gaining traction as Tech giants like Meta and Google's Alphabet seek sustainable power for their demanding AI data centers. While this clean energy source is seen as a competitive option for generating carbon-free electricity, high initial costs and lengthy project approvals pose challenges. Despite the growing interest, particularly from smaller energy firms, investments in geothermal projects remain limited, overshadowed by the oil industry's strong push for natural gas. Recent legislative efforts are aimed at easing the setup of geothermal projects, as the sector anticipates a shift in investment dynamics.
Source: YAHOO