Shale drilling techniques could lead to a geothermal surge, IEA says

Business and Finance Business and Finance

Sat, December 14, 2024

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[ Fri, Dec 13th 2024 ] - Reuters

Shale drilling techniques could lead to a geothermal surge, IEA says

^{Published on 2024-12-13 19:00:47 - Reuters}

The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of India and the United States combined,

The International Energy Agency (IEA) suggests that the application of drilling techniques from the shale oil and gas industry could significantly boost geothermal energy production. According to the IEA's report, these techniques could help in tapping into the Earth's heat more efficiently, potentially leading to a surge in geothermal energy use. This development is seen as part of a broader strategy to reduce carbon emissions and transition towards more sustainable energy sources. The report highlights that geothermal energy, which is both renewable and reliable, could play a crucial role in decarbonizing heating and electricity sectors, especially if the costs are driven down through technological advancements borrowed from the shale industry.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/shale-drilling-techniques-could-lead-geothermal-surge-iea-says-2024-12-13/ ]

N@N

Shale drilling techniques could lead to a geothermal surge, IEA says