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Geothermal could power nearly all new data centers through 2030
Geothermal resources have enormous potential to provide the sort of consistent power that data centers crave.
Fervo Energy, for example, was founded by former oil and gas engineers to expand geothermal’s potential using horizontal drilling techniques perfected over the last few decades. When data centers are sited similarly to how they are today, a process which typically takes into account proximity to fiber optics and major metro areas, geothermal power costs just over $75 per megawatt hour. The report assumes that new generating capacity would be “behind the meter,” which is what experts call power plants that are hooked up directly to a customer, bypassing the grid.
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