Below is all the information about the project: Geothermal Power
Project Drawdown’s geothermal power solution involves generating electricity using geothermal systems, which replaces conventional energy sources like coal, oil, and natural gas plants. Geothermal power harnesses underground hot water reservoirs to drive turbines and produce electricity. Although ideal geothermal conditions are rare, advancements in technology are expanding production capabilities. The main geothermal technologies include dry steam, flash steam (the most common), and binary cycle plants (which can utilize lower temperature reservoirs but are costlier). Geothermal power is reliable and efficient, operating continuously regardless of weather conditions, though drilling costs can be high. Enhanced or engineered systems, such as those exploiting “hot rock,” have the potential to significantly increase geothermal energy contributions, but these systems are still in early stages of development.
We assume geothermal power grows from 0.34 percent of global electricity generation to 3 percent by 2050. That growth could reduce emissions by 6.15-9.17 gigatons of greenhouse gases and save US$0.79-1.18 trillion over the lifetime of the infrastructure. By providing baseload electricity, geothermal also supports expansion of variable renewables.
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