![]() In addition to being clean and global, geothermal provides a baseload energy source that’s available 24/7, even if it’s cloudy out or there’s no wind. I think there’s a fair amount of hype…but I actually think that there probably should be more hype.”Īraque and Hannun went on to not only describe the biggest barriers to scaling up their businesses for the world, but also what other geothermal problems they are “itching for people to solve,” according to Ammori.įirst, however, the two described why geothermal could be so important. “I’m excited to say now that I’m a believer in geothermal. “I didn’t know much about geothermal until I started diving into for this panel,” said Moderator Candice Ammori, founder of The Climate Vine, which advises climate tech startups. The Dandelion process uses established technology that doesn’t require such deep drilling. Araque was joined by Kathy Hannun, co-founder and president of Dandelion Energy, a firm working on a different “flavor” of geothermal, or using it to heat and cool residential homes today. SOSV is a global venture capital firm.Ĭarlos Araque of Quaise Energy made those remarks during a panel discussion titled, “Is this geothermal’s moment?” Quaise is developing a unique drilling technique to reach the hot rock some two to 12 miles beneath the Earth’s surface. That’s according to the co-founder and CEO of a company working to tap the mother lode of that energy who presented at the SOSV Climate Tech Summit 2022 held October 25-26. ![]() view moreĬAMBRIDGE, MA-Geothermal energy-the heat deep below our feet-has the potential to become the workhorse of the energy transition as it grows from supplying just 0.4 percent of the world’s energy today to upward of 20, 30, and even 50 percent by 2050. Image: Participants in "Is this geothermal's moment," a panel discussion at the SOSV Climate Tech Summit 2022.
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