A US company has revealed that tapping geothermal energy reserves by drilling 22.4 miles into the ground will help meet people’s energy needs, as Matt Huddy, co-founder of Quaise Energy, a Massachusetts startup, will use special drilling equipment to vaporize rocks to harness the heat energy of the floor.
That warmth under our feet, Hoody said, could provide enough clean, renewable energy to meet global demand and help move away from fossil fuels.
“The total thermal energy content stored underground exceeds our annual energy demand as a planet by a factor of a billion,” Hudy added.
However, it’s unclear where the first hole will be drilled or the cost of the technology, though reports suggest it could be several billion.
Quaise Energy aims to operate the first drilling rig by 2024, the first well that will produce up to 100 megawatts of geothermal energy by 2026 and fossil power plants by 2028, providing clean energy around the world.
It has already secured $52m (£43m) to help build its first rig this year, with the company’s first rig likely to be located in the Western US region such as California, Oregon, Washington , Utah, Colorado or Nevada. , but he aims to take them all over the world.
Drilling technology has also been developed at MIT over the past 15 years and has been demonstrated in the laboratory by drilling a hole in basalt.
