Geothermal’s potential to be a pivotal player in the energy transition
PrachiChitkara
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FAST FACTS:
- Geothermal energy comes from heat in the earth’s core and has been used by people for cooking and heating for thousands of years
- The first geothermal energy plant opened in Italy in 1904. It produced enough steam to power five light bulbs.
- Geothermal energy is weather-independent unlike wind, hydro and solar, which means it can contribute to grid stabilisation
- New Zealand has a rich history with geothermal, and has played a leading role in geothermal innovation. In 2022, geothermal energy contributed 18.5% of the country’s total electricity supply. It is one of the country’s cheapest and largest sources of renewable energy.
- Iceland is a pioneer in the geothermal district heating space with more than 90% of Icelandic households now being heated by geothermal energy
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