BAKU, Azerbaijan, October 2. Baker Hughes is
highlighting industry collaboration, technology innovation and
project execution expertise as key factors in accelerating the
deployment of geothermal energy at commercial scale.
The company said rising electricity demand across industries,
data centers and growing economies is increasing the need for
reliable, always-on power, while geothermal energy offers an
opportunity to provide renewable baseload electricity. However,
geothermal projects continue to face challenges related to resource
uncertainty, drilling complexity, development timelines and project
economics, Baker Hughes said.
According to the company, advances in subsurface technologies,
drilling capabilities, power generation systems and digital
solutions are helping expand geothermal development beyond areas
with conventional geothermal resources. Next-generation approaches,
including enhanced geothermal systems (EGS) and advanced geothermal
systems (AGS), could help unlock geothermal resources in more
locations, it said.
"The question for the geothermal industry is no longer whether
underground heat can generate reliable power," said Ahmed
Eldemerdash, vice president, Climate Technology Solutions at Baker
Hughes.
"The real challenge is how quickly we can scale it. Success will
depend on creating repeatable development models that reduce risk,
improve project economics and accelerate deployment," he noted.
Eldemerdash added that scaling geothermal would require an
integrated approach and collaboration across the geothermal value
chain.
Baker Hughes said it is working with developers, technology
providers and other industry participants across the geothermal
project lifecycle. The company recently began supporting XGS
Energy, along with New Mexico Tech and Sandia National
Laboratories, on a U.S. Department of Energy-funded project
involving the drilling of a deep vertical geothermal appraisal well
in New Mexico. The project is expected to provide subsurface data
to support future development.
Baker Hughes is also supplying high-temperature well
construction, drilling and production technologies, as well as
power-generation equipment, for five next-generation geothermal
power plants being developed by Fervo Energy at its Cape Station
project near Milford, Utah.
Once operational, the plants are expected to generate around 300
megawatts of electricity, enough to power approximately 180,000
homes, according to Baker Hughes. In addition, Baker Hughes
recently entered into a strategic agreement with Mantle Reach
Power, an EnCap Energy Transition company, to advance large-scale
next-generation geothermal development across North America.
The company said these projects reflect a broader shift in the
geothermal industry from demonstrating the viability of the
technology toward developing the technologies, partnerships and
project execution models required to reduce risk and accelerate
commercial deployment. Baker Hughes said combining proven
technologies, integrated expertise and strategic partnerships will
be critical to expanding geothermal power as demand for reliable,
always-on electricity continues to grow.