Fact Sheet
Geothermal Fact Sheet
February 8, 2024
Issue Area
Emerging Energy Technologies
Overview
The employment of new clean energy technologies is important for mitigating climate change. Energy storage, hydrogen, and geothermal energy are just a few examples of emerging energy technologies that are proving to be useful tools in addressing the climate crisis in American communities. As these technologies progress, it is critical that their uses are truly clean and the supply chain is developed with care and transparency. States are leading the charge in developing these technologies and will further explore energy alternatives to sustain clean energy in the coming years, particularly in hard to decarbonize industries like heavy duty trucking and industrial uses.
Key Facts
Geothermal is an inherently renewable resource and can be operated 24/7, which complements the intermittent nature of other renewable energy sources like solar and wind.
Energy storage technologies are critical for integrating more renewable energy into the grid, reducing use of less efficient generating units that would otherwise run only at peak times, and avoiding the need for new transmission lines and other infrastructure.
In 2023, $7 billion was allocated to support Hydrogen Hub development in 7 key regions across the U.S.
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