Steam and hot water reservoirs are just a small part of the geothermal resource. The Earth’s magma and hot dry rock will provide cheap, clean, and almost unlimited energy as soon as we develop the technology to use them. In the meantime, because they’re so abundant, moderate-temperature sites running binary-cycle power plants will be the most common electricity producers.

Before geothermal electricity can be considered a key element of the U.S. energy infrastructure, it must become cost-competitive with traditional forms of energy. The U.S. Department of Energy is working with the geothermal industry to achieve $0.03 to $0.05 per kilowatt-hour. We believe the result will be about 15,000 megawatts of new capacity within the next decade.