The amount of geothermal energy beneath the earth’s surface is vast; the problem is just getting to it. If you go deep under the surface, down to about 10,000 meters, you will find heat that contains around 50,000 times more energy than all the oil and natural gas resources around the world combined.
Currently the main means to gain energy from this great storage under ground is to drill holes into the rock to access the hot water and steam that naturally rises up. The hot water can then be used to power electric generators and once it cools off it will be pumped back under ground and can reheat.
With geothermal energy you don’t have the same fluctuations as is the case with solar and wind energy. Furthermore, it is clean, as no greenhouse gases are produced in the process and it is renewable, as the water is reused. In the US, President Obama gave 350 billion USD to geothermal projects last year.
There are a few different concepts at the moment. Most plants will be situated at the edges of tectonic plates, where geothermal activity is high. However, more recently companies have starting drilling deep into rocks and pumping cold water down to create steam. However, there is the fear that this second method might cause seismic activity, which could lead to earthquakes.
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