Mazama Energy, Inc. announced the start of work on a new demonstration project at the Newberry Geothermal site to test the feasibility of creating a "Super-Hot Rock" enhanced geothermal system (EGS) ...
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The global geothermal power market was valued at USD 7.87 billion in 2022. It is estimated to reach USD 11.79 billion by 2031, growing at a CAGR of 4.6% during the forecast period (2023–2031).
operation and maintenance of the necessary equipment is far more costly than traditional heating and cooling systems. If this weren’t the case, why wouldn’t everyone be using geothermal energy? While ...
It then extracts the heated water to produce electricity, rather than relying on naturally occurring underground hot water like traditional geothermal systems. If fully developed, the project will ...