Geothermal Power

Geothermal, like biomass-fired electricity and hydropower, offers some of the least-cost electricity of any source where good resources exist, with costs as low as USD 0.04/kWh at the most competitive projects. Between 2007 and 2014, the LCOE of geothermal varied from as low as USD 0.04/kWh for second-stage development of a field to as high as USD 0.14/kWh for greenfield developments. Geothermal electricity generation is a mature, baseload generation technology that utilizes steam or hot water from geothermally active areas to provide very competitive electricity where high-quality resources exist. Enhanced geothermal techniques can also make geothermal viable in areas without good resources.