Is the (Geothermal) bubble going to burst? | Nick Cestari | Ep 154

Jul 3, 2024

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Episode notes

In this conversation, Joe Batir interviews Nick Cestari, host of the Core Knowledge Podcast and geologist at Oxy, about the current state of the geothermal industry. They discuss the hype cycle for new technology, the recent hype geothermal in seeing, the recent increase in private investment in geothermal, and the development time scale for geothermal projects. They also touch on the importance of collaboration and a circular economy in achieving net-zero goals. The conversation highlights the potential of geothermal as a sustainable energy source and the need for continued advancement in the industry.

Nick’s Book Recommendation:

Good to Great by Jim Collins

Keywords:

geothermal, hype cycle, private investment, development time scale,

Takeaways:

Geothermal has gone through multiple hype cycles in the past and is currently in a phase of increased interest and investment.
Private investment in geothermal has been growing, with over $500 million invested in the past five years.
The development time scale for geothermal projects, especially on public land, can be lengthy, but efforts are being made to streamline the process.
Collaboration and a circular economy approach are crucial in achieving net-zero goals.
The geothermal industry needs to demonstrate commercial viability and deliver projects that make a significant impact on the grid to attract continued investment and support.

Chapters:

00:00Introduction and Setting the Stage

01:16The Hype Cycle of Geothermal

07:20Streamlining the Development Time Scale for Geothermal Projects

11:16Collaboration and the Circular Economy

27:20The Importance of a Cooperative Approach

35:43Overcoming Hostility and Moving Forward

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