New geothermal systems are emerging as a promising source of renewable energy, potentially rivaling fossil fuels for 24/7 power delivery. These advanced systems utilize technologies from the oil and gas industry to create human-made geothermal conditions underground, expanding the possibilities for geothermal energy production beyond traditional locations.
Zanskar, a Utah-based startup, is leveraging AI, geoscience modeling, and data collection to identify deep-earth conditions suitable for geothermal energy production. Their approach has led to successful discoveries, including the Pumpernickel geothermal field in Nevada. This site was initially explored in the 1970s but deemed unproductive. Zanskar's advanced detection systems revealed its potential, and the company plans to deliver first power in three years, faster than previously thought possible.
Another Utah-based firm, Rodatherm, has raised $38 million in Series A funding for its modular, closed-loop geothermal system. This technology claims to achieve 50% efficiency improvement compared to conventional systems and can potentially compete with fossil systems on cost.
These advancements in geothermal energy could significantly contribute to the transition to renewable energy, providing reliable, carbon-free baseload power. With the ability to deploy geothermal systems in more areas, the US energy landscape could undergo a substantial shift, reducing dependence on fossil fuels and mitigating climate change.
