By Jacob B, Gillian, Angeli, Eshan P.
There is a very big amount of thermal energy deep in the earths core, that is always being replenished. This amount is estimated to be higher than all the fossil fuels.
The US has offered tax credits for people who use the technology in their homes.This means you can have one of the highest efficiency heating and cooling systems in your own home for a discount!
Lifetime costs of geothermal operations, both in residences and generation plants, are smaller than other types of energy.
Harnessing geothermal energy does not need any fuels, which means less cost and stable electricity prices.
Geothermal energy is available everywhere.
Reduce Reliance on Fossil Fuels Dependence on fossil fuels decreases with the increase in the use of geothermal energy. With the sky-rocketing prices of oil, many countries are pushing companies to adopt these sources of energy. Burning of fossil fuels releases gases which are responsible for global warming .
Can Run Out Of Steam Geothermal sites can run out of steam over a period of time due to drop in temperature or if too much water is injected to cool the rocks and this may result huge loss for the companies which have invested heavily in these plants
High Installation Costs To get geothermal energy, requires installation of power plants, to get steam from deep within the earth and this require huge one time investment and require to hire a certified installer and skilled staff needs to be recruited and relocated to plant location..
Not Widespread Source of Energy Since this type of energy is not widely used therefore the unavailability of equipment, staff, infrastructure, training pose hindrance to the installation of geothermal plants across the globe.
- Suited To Particular Region : It is only suitable for regions which have hot rocks below the earth
- Transportation : Geothermal Energy can not be easily transported.