America is on the verge of an energy transformation under the Biden administration, which has invested heavily in clean-energy initiatives, while simultaneously boosting fossil fuel production. Geothermal energy remains a largely untapped resource, contributing less than half of 1% to the electricity supply but is believed to be capable of fulfilling up to 64% of new electricity demands from data centers by the 2030s. This renewable source, generating zero-carbon electricity, draws from the existing oil and gas infrastructure, indicating a unique opportunity for growth and innovation in the energy sector.
In the United States, geothermal energy, which uses the Earth's heat to create electricity, supplies less than half of 1 percent of the country's electricity, but few other clean-energy sources offer as much promise right now.
Many climate activists support geothermal energy as a renewable power source that generates zero-carbon electricity. A recent report from the Rhodium Group, an energy-research firm, projected that geothermal could meet as much as 64 percent of new electricity demand from data centers by the early 2030s.
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