Wood Mackenzie – How is geothermal faring in 2025?

Despite uncertainty for US clean energy investors, things are looking good for the geothermal sector. US$1.7 billion in public funding was pumped into geothermal projects in Q1 this year – 85% of 2024’s entire annual allocation – as breakthrough technologies promise to transform untapped resources into commercially viable clean energy projects.

Enhanced geothermal and advanced geothermal technologies are making geothermal energy accessible anywhere, not just at existing sites chosen for their high-temperatures.

To explore the science behind EGS and AGS, host Sylvia Leyva Martinez is joined by John Plack, VP of engineering at Ameresco. John explains how techniques adapted from the oil and gas sector, like directional drilling and reservoir stimulation, are improving geothermal’s commercial viability. John shares what’s changed since the IRA’s passage, the role of EGS, and why improved subsurface mapping is critical to unlocking investment.

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