Geothermal Plants Is A Perfect Job For Oil And Gas Companies That Have Mastered Drilling Technology.
Geothermal energy systems can quietly make power or heat while other renewable energy sources struggle. The wind does not need to blow, nor the sun shine. Geothermal power plants and residential geothermal heat pumps harvest heat generated by the Earth’s core. With so many advantages, nations around the world are breaking ground on new plants, and as a result, geothermal has captured the attention of the oil and gas industry.
Endless Energy Underground
The planet contains decaying radioactive particles that produce heat deep underground. The Earth’s core maintains a temperature of 10,000 degrees Fahrenheit. Theoretically, if humanity could collect even 0.1% of that energy, civilization could have endless power for 2 million years.
Global Interest In Geothermal On The Rise
Geothermal power plants can operate 24/7 and cause very few harmful effects on the environment. Compared to fossil fuel power plants, geothermal plants can boast 99% less CO2 emissions and 97% less sulfur compound emissions. Geothermal’s positive features have presented nations around the world with a reliable clean energy option. India has launched its first major geothermal’s project in Ladakh to take advantage of an area of naturally occurring geysers. The third stage of the project will result in a 250 MW plant that will support the region’s goal of carbon-neutral energy generation. Similarly, workers in New Zealand will soon break ground on a 150 MW plant.
New Work For Oil And Gas Drillers
Drilling the wells required for geothermal’s plants is a perfect job for oil and gas companies that have mastered drilling technology. Instead of drilling for fossil fuels, their resources could drill for the Earth’s heat. Diminishing returns on oil and gas investments have made geothermal increasingly attractive to energy executives looking for new opportunities. For this reason, geothermal’s plant building could offset concerns about lost jobs in legacy energy sectors.
This news was originally published at Magoda