Geothermal energy is hot these days, despite supplying a tiny share of global power, as startups employing sophisticated technologies are attracting significant venture capital.
Latimer said the renewable power tax incentives in President Biden’s stalled domestic spending plan are important.
“We’re exploring new financing, both private and public, in ways that are going to let us grow faster and have more impact sooner.”The 24/7 clean power movement is bullish.
That matters as companies like Google, the federal government and others look to begin powering facilities with clean power around the clock, not just aim to match annual demand with renewables.
“It’s very clear to us, the way this market is going both in the public sector and the private sector, that very quickly, 24/7 carbon-free energy is going to become the new standard,” he said.