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illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: Advances in superhot deep geothermal energy promise a stable and continuous energy source, but significant technological and financial challenges remain
• This new energy prospect, deeper and hotter than previous geothermal projects, could significantly contribute to the energy transition
🔭 The context: Superhot Deep Rock geothermal energy is different from Hot Dry Rock projects, aiming to tap into deeper, hotter rock layers
• Technologies like those developed by Fervo Energy and Quaise Energy are making strides, but high costs and technical hurdles persist
🌍 Why it matters for the planet: Geothermal energy can provide a reliable supplement to solar and wind power, reducing dependency on unstable energy sources
• If successful, it could offer an abundant, low-emission energy source globally
⏭️ What's next: Fervo Energy and Quaise Energy are working on innovative drilling and heat exchanger technologies to make superhot geothermal energy viable
• Ongoing research and development are crucial to overcoming the remaining challenges
💬 One quote: “We don’t drill for metals, we drill for information,” said Kurt House, KoBold’s chief executive, highlighting the innovative approach
📈 One stat: Fervo Energy’s Cape Station plant in Utah is expected to produce 400 MW of geothermal energy by 2028, enough to power 350,000 homes
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