Can Geothermal Scale?

Back in 2008, there was a lot of excitement about geothermal. Many major banks were backing large-scale geothermal projects around the world; a wide range of startups were promising to unlock new resources; and wind and solar hadn’t shown their explosive growth yet.  But then the financial crisis hit. In the decade since, growth in geothermal has been lumpy — relegated to a handful of supportive markets around the world.  Why has geothermal grown so slowly compared to other renewables? What’s holding it back? This week, we’re joined by Alexander Richter, the founder of the geothermal news site ThinkGeoEnergy. Alex has experience in project finance, research and journalism. We’ll talk with him about the last decade of geothermal development. Then, in the second half of the show, we discuss the Green New Deal.  There’s a movement within the Democratic Party to push climate hard. What’s behind it? How would the New Green Deal work? (For a compliment to this discussion, check out the latest episode of Political Climate.) The Energy Gang is brought to you by GE's Reservoir, a modular lithium-ion energy storage system that can slash construction costs by 50 percent. Find out more about what Reservoir can do for your electric grid, solar plant, wind farm, microgrid or thermal power plant. We’re giving listeners major discounts this fall. Use the promo code PODCAST to get a $50 discount for a GTM Squared membership and 20% off our final GTM conferences of the season. Get your GTM conference discount here.  Get your GTM Squared discounted membership here. Subscribe to The Energy Gang podcast via Apple Podcasts, Spotify, Google Play, Stitcher or wherever you find your audio content.