The Biden Administration Wants to Cut Geothermal Energy Costs by 90 Percent

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The Biden Administration Wants to Cut Geothermal Energy Costs by 90 Percent
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'The United States has a vast, geothermal energy resource lying right beneath our feet...'

The Biden administration has announced an ambitious new goal to make the use geothermal energy "widespread," underlining the administration's efforts to phase out the country's reliance on fossil fuels.that US President Joe Biden hopes to make enhanced geothermal systems "a widespread renewable energy option" by cutting its cost to $45 per megawatt hour — a 90 percent drop — by 2035.

The department also argued that a small fraction of the country's geothermal energy could affordably power over 40 million American homes, and that the project will further Biden's goals to hit 100 percent carbon pollution-free electricity by 2035 — and net-zero emissions across the US economy by 2050.There are technically enough geothermal resources in the US to supply the entire globe's energy needs, according to the statement. As of now, however, we're only using 3.

That's partially due to the extreme conditions and high tech equipment needed to harness the Earth's heat. "EGS resources are located deep underground, at least 4,000 feet," the DOE statement reads. "Conditions are extreme — hot temperatures, hot and abrasive rocks, and a corrosive environment — and come with significant unknowns."

It's unclear if the department will actually attain its energy goals, but it's at least good to see a major government agency address climate change with such fervor.

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