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...
Embracing Sustainable Energy: EDC's Geothermal Power Supply to Bohol By Robert Buluma In a significant stride towards sustainability, Bohol is set to experience a revolution in its energy landscape with the introduction of geothermal power supplied by Energy Development Corporation (EDC), a subsidiary of First Gen Corporation. This shift promises not just affordable electricity but also a greener future for the province and its residents. The decision to tap into geothermal energy stems from the commitment to reduce reliance on traditional fossil fuels like coal and diesel. With EDC's expertise in renewable energy, Bohol is poised to embrace a more environmentally friendly approach to power generation. Geothermal energy harnesses the natural heat from the Earth's core, providing a consistent and reliable source of power. Unlike coal or diesel, which are subject to fluctuating global market prices, geothermal energy offers stability in both production and cost. This stabili...