Geo-Thermal Energy is another very powerful source of clean energy. A lot of electric power can be generated from geo-thermal sources . The biggest advantage of geo-thermal energy is that it is a consistent source of power and it is not as intermittent as solar power or wind power. Though it is harder to set up than solar power or wind power. But it produces more stable power.
This is a future undertaking for us at Green Power Canada Ventures, but at the moment we are concentrating on solar and wind power .
Geothermal power is generated from underground heat. Found around the globe and available year-round, this largely untapped renewable energy source offers the advantage of steady, predictable large-scale power generation, in comparison to the higher variability of solar and wind power.
The amount of heat within the earth’s surface is estimated to contain many times more energy than all oil and gas resources worldwide. Geothermal power, therefore, offers considerable potential for growth. Increasing deployment and the opening of new markets, meanwhile, should drive down the technology’s considerable upfront developments costs, further increasing the competitiveness of geothermal power.
The world’s installed capacity for geothermal power reached 12.7 gigawatts in 2016, with typical generation costs ranging between USD 1 870 and USD 5 050 per kilowatt. The levelised cost of electricity (LCOE) of geothermal power plants was USD 0.04—0.14 per kilowatt-hour.
Along with being transformed into electric power, geothermal energy can provide direct heating.