Today, more than 50% of the energy we produce globally is wasted. The steel, aluminum and shipping industries alone generate large amounts of wasted heat that could be converted into electricity. Heat can also be found underneath almost 90% of our planet’s surface. These two heat sources represent massive potential.
Heat power is an affordable form of renewable energy that can be harnessed anywhere on the planet. Unlike solar or wind, heat power is independent of weather conditions or time of day. Because heat power can generate electricity 24/7, it can provide what is called “baseload” power – a key component in the power grid. Today, most baseload power is provided by nuclear energy, or fossil fuels, mainly in the form of coal. We cannot ease our dependence on nuclear and fossil fuels until we deploy a renewable baseload of power.
But we cannot do it alone. We need developers, drilling expertise, investors, plant operators, turbine manufacturers, governments, and communities to join us.