Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
CKW and Localnet AG are investigating geothermal energy potential in the Burgdorf region to provide continuous, climate-friendly heat and power. Discover how the project is progressing, what steps are planned, and what it could mean for sustainable energy in Switzerland. Why Geothermal Energy Matters CKW and Local Net AG have launched preliminary studies for a possible geothermal project in the Burgdorf region. The goal is to assess whether geothermal energy can be used to produce heat and electricity in a way that is climate-friendly and independent of weather conditions. Unlike solar, wind, and hydropower that depend on daily or seasonal patterns, geothermal can provide continuous, reliable energy an important factor in Switzerland’s push toward climate neutrality. Scope of the Initial Studies In the coming months, CKW (a subsidiary of the Axpo Group) and Local Net Ag will: Analyze publicly available underground and geological data. Evaluate the poten...