Big Tech Invests in Geothermal Energy Startups Amid AI Demand

December 19, 2024 - Major technology firms, including Meta and Alphabet's Google, are increasingly collaborating with geothermal energy startups to meet the energy demands of their power-intensive AI data centers.

The push for geothermal electricity comes as large data-center operators explore various clean technologies to support their operations. Trey Lowe, chief technology officer at Devon Energy, emphasized the potential of geothermal energy, stating, "We believe geothermal, along with abundant natural gas, can be part of the all-of-the-above energy mix we need to meet the demand."

Geothermal energy is touted for its ability to produce carbon-free electricity more rapidly than nuclear options and without the variability associated with wind and solar power. However, the sector faces challenges, including high initial drilling costs and lengthy project approval processes.

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