Part 8/10:
Interestingly, the transition to geothermal energy may also present a unique opportunity for established fossil fuel companies. As noted by industry experts, such companies possess expertise in areas critical to geothermal operations, including drilling and subsurface management. In fact, many of the techniques utilized by Fervo and Eavor today were originally developed for the oil and gas industries.
However, as it stands, fossil fuel investment in geothermal developments remains minimal – highlighting a gap between potential and action. The IEA estimates that approximately $1 trillion will be required over the next decade to fully realize geothermal energy's potential.