The Billion-Dollar Gamble Beneath Our Feet: Why Geothermal Exploration Is the Industry’s Greatest Risk
Exploration Risk: The Billion-Dollar Gamble Beneath Our Feet By: Robert Buluma Image credit: Kane Watikson on LinkedIn Geothermal energy is often described as the sleeping giant of the clean energy transition constant, weather-independent, capable of delivering 24/7 baseload power without the intermittency that defines solar and wind. Yet despite this extraordinary promise, geothermal remains underdeveloped in most parts of the world. The reason is not lack of heat. It is not lack of demand. It is not even lack of technology and not even FINANCE , Whilst many will throw that policy card, but Alphaxioms is already future proofing that . The real barrier lies several kilometers beneath our feet in uncertainty. Exploration risk is the defining challenge of geothermal energy. Unlike wind turbines that can measure wind speeds before construction, or solar farms that can predict output from sunlight data, geothermal developers must make multimillion-d...