EGS Potential: Economics & Feasibility
The Hot Topic: Is Enhanced Geothermal Systems (EGS) Economically Viable? Geothermal energy – the heat emanating from within our planet – has long been touted as a clean and sustainable energy source. But tapping into this vast resource isn't always straightforward. Enter Enhanced Geothermal Systems (EGS), a technology that promises to unlock geothermal potential in regions with limited naturally occurring hot water or steam. So, are EGS projects economically viable? It’s a complex question with no easy answer. While the potential benefits are immense – baseload renewable energy, reduced carbon footprint, and job creation – there are significant challenges to overcome. The Potential Upside: Abundant Resource: Unlike traditional geothermal sources, EGS can access heat in much wider geographical areas, effectively...