Innovation Transfer from Fossil Fuel to Clean Energy

The insight highlights the potential of transferring innovation from the fossil fuel industry to clean energy, using the advancements to move away from fossil fuels. The speaker emphasizes the excitement and rapid technological advancements experienced in the oil and gas industry, particularly the speed at which innovations like horizontal drilling and new equipment were developed. However, the speaker notes that the geothermal industry was unable to benefit from these innovations due to economic challenges and a lack of technology transfer. This led to outdated cost assumptions and performance targets, hindering the progress of geothermal energy production.