Next-Generation Geothermal 2. Source of Steam for 3. Geothermal Power 1. Long-Term Levelized Cost of Heat from Geothermal Current Policy and Net Zero Across Net Zero Scenarios Current Policy Central 180 4.5 4.0 160 3.5 Constrained Wind 140 3.0 EJ2.5 120 2.0 GW100 1.5 80 1.0 Bubble size represents the 0.5 60 scale of industrial steam 0.0 4 0 5 0 5 0 4 0 5 0 5 0 40 demand at 150°C or less. 02 03 03 04 04 05 02 03 03 04 04 05 2 2 2 2 2 2 2 2 2 2 2 2 Thermal Storage Geothermal Boiler 20 Hydrogen Biomass 0 Heat Pump Pipeline Gas 2024 2030 2035 2040 2045 2050 Dual-fuel Electric Other fossil Levelized Cost of Heat Map produced by Jesse Carney, EER Summery Fellow 2024 © 2024 by Evolved Energy Research 10