Geothermal Energy To Increase In Production By 2050
Geothermal energy production is multiplying in light of clean energy transition. Clean energy transition lays down several conditions to achieve a greener environment. Adopting renewable energy to replace fossil fuels brings geothermal energy into the market. Geothermal energy production in 2024 is expected to grow by 1900 percent by the end of 2050.Countries around the world are investing in the production of geothermal energy to support green energy transformation. The United States Department of Energy reports that the energy market invested around USD 60 million in geothermal energy projects. These project investments are for enhanced geothermal systems (EGS) in 2024. Geothermal energy can accelerate the green energy transition in various ways. Geothermal energy has less impact on the environment as it is a renewable energy source. Therefore, it helps in providing clean and sustainable power to the consumers. Hence, it helps reduce carbon emissions. Simultaneously, it helps to minimize the usage of fossil fuels, resulting in sustainable approaches to a green economy.
The enhanced geothermal energy systems projects (EGS) help to extract geothermal power from underground sources. Thus, it shows the path to accelerate geothermal energy for green energy transformation. Therefore, advancements in technology have developed enhanced geothermal systems. It helps extract geothermal energy from untapped portions. It can store heat under the ground and convert it to renewable energy sources. It increases the amount of convertible energy in the United States. Thus, EGS helps expand geothermal energy sources to contribute towards sustainability.
