The Millstone Times October 2019

REAL ESTATE DOE Releases New Study Highlighting the Untapped Potential of Geothermal Energy in the United States

Recently, the U.S. Department of Energy released a ground- breaking analysis detailing how the United States can benefit from the vast potential of geothermal energy. The analysis culminated in a report, GeoVision: Harnessing the Heat Beneath Our Feet, which summarizes findings showing that geothermal electricity generation could increase more than 26-fold from today—reaching 60 gigawatts (GW) of installed ca- pacity by 2050. In addition to describing electricity-generation opportunities, the GeoVision analysis also shows how geother- mal can enhance heating and cooling solutions for American residential and commercial consumers through direct-use and heat-pump technologies. “There is enormous untapped potential for geothermal energy in the United States,” said U.S. Secretary of Energy Rick Perry. “Making geothermal more affordable can increase our energy options for a more diverse electricity generation mix and for in- novative heating and cooling solutions for all Americans.”

The GeoVision analysis represents a multiyear collaboration among industry, academia, the National Laboratories, and fed- eral agencies to evaluate the potential for different geothermal resources. The effort assessed opportunities to expand nationwide geothermal energy deployment through 2050 by improving technologies, reducing costs, and addressing project development barriers such as long permitting timelines. In the electric sector, under business as usual, geothermal generation capacity will grow to 6 GW by 2050. By accelerating geothermal development time- lines, geothermal capacity could more than double from business as usual, to 13 GW. Geothermal capacity could increase even further—to 60 GW—by combining faster development timelines with technology improvements. In the non-electric sector, technology improvements could enable more than 17,500 geothermal district-heating installations nationwide, and 28 million U.S. households could realize cost-effective heating and cooling solutions through the use of geothermal heat pumps. The analysis also examined economic benefits to the U.S. geothermal industry; investigated opportunities for desalination, mineral recovery, and hybrid- ization with other energy technologies for greater efficiencies and lower costs; and quantified potential environmental impacts of increased geothermal deployment. In addition to summarizing opportunities for geothermal energy in the United States, the GeoVision analysis includes a roadmap of actionable items for stakeholders to reduce technology costs and speed up project-development timelines. For more information on the Energy Department’s Office of Energy Efficiency and Renewable Energy, or the Geothermal Technologies Office, visit the EERE website. To learn more about the GeoVision report, visit the Energy Department’s GeoVisionanalysis webpage.

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