CleanTechnica•about 6 hours ago
So Much Winning…For Geothermal Energy
Key Takeaway
The Energy Secretary's aggressive promotion of geothermal, potentially at the expense of other energy sectors, signals a significant policy shift that developers and large power consumers must monitor for impacts on funding and market dynamics.
AI Summary
- •Energy Secretary Chris Wright is strongly advocating for geothermal energy, indicating a high-level policy focus on this technology.
- •The Secretary's approach is characterized as 'robbing Peter to pay Paul,' suggesting that support for geothermal may come at the expense of other energy sectors or programs.
- •Developers should anticipate potential shifts in government funding, incentives, or regulatory priorities that could favor geothermal projects while potentially impacting the competitiveness or viability of non-geothermal developments.
- •Large power consumers should monitor policy developments for potential changes in energy supply mix, project viability, and long-term pricing structures resulting from reallocated energy sector support.
Topics
policy