03.03.2023 – Linnea Lueken
As mentioned in a previous report, “Energy at a Glance: Understanding Geothermal Power,” geothermal power has a range of applications. However, this paper primarily focuses on the economics of utility-scale geothermal power plants.
Growth and Cost
Geothermal is one of the least utilized energy sources in the United States. Despite this, the United States produces the most geothermal electricity in the world. In 2021, about 16 million megawatthours of electricity was generated from geothermal sources. Megawatt-hours are a unit of energy use, or the electricity generated by a source over time. …