Exploiting the earth’s energy to produce power and heat (geothermal) is not new. Plants have been operational since the 1960s, but many factors have given significant momentum to the sector.
• Several new exploration and production techniques are from the oil & gas (O&G) sector.
• These techniques have made the viability of projects much higher, as exploration companies can locate the required heat source. Closed-loop extraction techniques minimize the environmental impact on water tables and soil, making geothermal energy sustainable.
• Financing baseload renewable energy has become much more attractive for investors.
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