The promise
of geothermal as an avenue for transition:
Interest in geothermal energy as a strategic
diversification that leverages the core competencies of
the oil and gas industry has increased significantly over
the past year
There are short, mid and long term plays for
oil and gas – all scalable. Public and private investment
will be required to enable the mid and long term plays.
Governments around the world are considering moves
currently as part of COVID related stimulus for the oil
and gas industry to spur a “boom” in geothermal
development
>If you are a member in transition and
interested in this space, there are a variety of resources
that you can study to learn more about geothermal
drilling, where the industry has been, and where it is
going. (links)
If you are interested in startups that are
currently working on the bleeding edge of geothermal,
there are several on my radar who are hiring. (links)
If you have drilling expertise and a
competitive spirit, there is a newly launched DOE
geothermal prize competition that I’d urge you to
participate in. There are $4.65M in cash prizes for
winners, and this is an excellent opportunity for oil and
gas professionals to practice their craft, leverage their
knowledge, learn about geothermal energy, and compete for
(large) cash prizes. First deadline for entry is this
August 24. (links)
Create opportunity for yourself: this is an
area of significant growth and interest in investment
circles – for entrepreneurs – consider launching a
geothermal startup. You are welcome to use me and my
program GEO as a resource.