Case Study: Capitalising on the strengths of hydrocarbons to produce carbon-free energy

Case Study

Capitalising on the strengths of hydrocarbons to produce carbon-free energy

3%

Percentage of global energy consumed by data centres

0.5%

Percentage share of geothermal energy in the global renewable electricity market in 2022

6.15-9.17Gt

Expected amount of reduction in GHG emissions by 2050

3.5%

Percentage of annual global electricity generation through geothermal plants by 2050

cs3

Case study summary

Geothermal energy, which harnesses heat from the Earth’s crust, is being widely discussed among top energy leaders for its potential to deliver vast amounts of renewable power around the clock, unlike solar and wind energy. ‘Superhot rock energy,’ a next-generation form of geothermal energy, involves injecting water deep into the Earth’s crust, heating it, and returning it to the surface as steam. This method has the potential to unlock thousands of terawatts of zero-carbon power.

Fervo Energy in the US has successfully demonstrated that fracking techniques – a drilling method used to extract hardto- reach oil and natural gas from deep rock formations – can be adapted for geothermal energy. The energy startup’s partnership with Google to build a geothermal plant that powers the tech giant’s data centres while also supplying energy to the local grid shows that this model can be replicated globally.

Organisations involved: Fervo Energy, Google, Liberty Energy, Helmerich & Payne, Devon Energy

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