The Oil Crash Could Be Geothermal’s Big Break
As oil and gas companies falter under the weight of Covid-19 shutdowns, price wars, and their own massive debt burden, an unlikely beneficiary seems to be emerging: geothermal power. Ordinarily, geothermal is the runt of the renewable power litter. But because it uses much of the same infrastructure as is used in fossil fuel extraction, geothermal might offer an appealing off-ramp for some of the tens of thousands laid off in the oil and gas industry, while helping build a low-carbon future.
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