
GEOTHERMAL ENERGY
Geothermal systems produce renewable energy 24 hours a day, 365 days a year with zero emissions and continuous availability.
Geothermal power is a sustainable and renewable energy source with unique advantages in the energy transition and for meeting the electricity demands of the future.
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Geothermal power uses the heat of the earth to generate electricity by tapping hot water and steam zones that are continuously recharged naturally and by reinjection after heat extraction in the power plant.
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Many geothermal power projects are located along the boundaries of the Earth’s tectonic plates, particularly in areas with volcanic activity, which brings high-grade heat up to drillable depths. Hence, the Ring of Fire and other tectonically active areas host much of the world’s existing geothermal power production.
With a very high capacity factor, geothermal power plants typically supply baseload electricity and provide ancillary services for short- and long-term flexibility in some cases.