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Colorado-based Gradient Geothermal is overcoming these barriers with a novel yet reasonably practical approach – producing geothermalpower from produced fluids of existing wells in oil and gas fields. “In either case, we generate power, but we can really flexibly meet the goals of our clients,” said Burke.
Beneath California’s Salton Sea lies a vast pool of super-heated fluid that’s long been exploited as a source of geothermalpower. Lilac’s technological secret sauce is an ion-exchange process that forces mineral-rich brine through a container filled with lithium-absorbing beads.
In this scale-up, solar and wind will have the largest role to play, but all renewable energy technologies will be essential. The case for geothermal Currently, geothermal accounts for only about 0.5% of the total installed renewable power capacity.
Takagi highlighted how Toshiba technology plans to support the development of geothermal energy in the regional market of Latin America and the Caribbean.
Delegates from 15 countries in Latin America, the Caribbean and other nations around the world participated in the congress, where essential topics were addressed, such as the role of geothermal energy in industrial growth, food and economic security, and innovative technologies to reduce costs and increase project viability.
Many countries are broadening their energy matrix and exploring opportunities to develop geothermalpower projects often in regions where industrialization has not occurred. Historically the large-scale development of geothermal resources has been driven by the need to meet national electricity demands.
Perspectives and challenges While the new regulation provides a solid framework for geothermal energy projects, some challenges remain, including high initial costs, technological requirements and the need for specialized labor.
As part of the wider renewable energy sector, geothermal has set ambitious targets for scaling up by the end the decade. There is wide recognition that this will take monumental effort in terms of technology advancement, financing, and policy. Another is the use of geothermal heating to improve food security.
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