3min chapter

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Cracking the Geothermal Code - Ep 58: John Redfern

Cleaning Up: Leadership in an Age of Climate Change

CHAPTER

Is There a Window or Earthlands in the Oil Industry?

Everloop is like wind and solar. You have a guaranteed price, guaranteed to uptake. There's no reservoir risk. And raising money is not going to be the problem. We're focused too much on just getting these first projects done. The thing I would say that's interesting is it should be easier to finance than traditional geothermal. That means you need an oil and gas or a high rate of return to do that. Once we get the first few projects up and running and squeeze that last remaining bit of technological risk runs, this thing will go from strength-to-strength.

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