- Geothermal energy enthusiasts believe it can provide baseload power when the sun and wind are away.
- The Inflation Reduction Act gives nascent low-carbon technologies a boost, including geothermal energy.
- Geothermal requires drilling deep and fracturing hot rocks, making it capital-intensive.
- Permitting problems could delay geothermal projects up to 10 years.
- Texas has become a hub for geothermal startups due to the state's oil and gas industry.
In America climate hawks and Big Oil alike cheer geothermal energy
Geothermal energy enthusiasts are looking to the Inflation Reduction Act to give the industry a boost in the United States, but permitting problems and capital-intensive drilling may delay projects up to a decade.