Imagine a world where you control your own energy destiny. No more worrying about rising electricity bills or dependence on a volatile energy grid while reducing pollution. The freedom to power your home, recharge auto everyday, travel to work, shop and visit family, all using energy produced at home. This vision of true energy independence is becoming increasingly achievable for people thanks to advancements in renewable energy technology such as solar, wind, hydrogen and advanced closed loop geothermal writes author, James Dean.
What is Energy Independence?
On a national level, energy independence refers to a country producing enough energy to meet its demands without relying on imports. For individuals, it's about generating your own power, typically through renewable sources like solar panels, wind turbines, hydro-water and geothermal systems such as Eavor Technologies Inc., the leader in advanced closed-loop geothermal energy systems. Often overlooked, I will explore the benefits of geothermal here.
Today, advances in closed-loop geothermal systems offer 24/7 carbon free distinct benefits over other energy methods. For example, a closed-loop geothermal system is reliable year-round and efficient with consistent underground temperatures. Unlike open loop systems, it requires minimal maintenance, unaffected by groundwater fluctuations. Furthermore, closed-loop geothermal energy systems are environmentally friendly, reducing 97% of greenhouse gas emissions and avoiding potential contamination risks. The closed-loop geothermal energy systems versatility allows it to heat, cool, and provide hot water, making them a comprehensive solution for achieving energy independence and a sustainable lifestyle.
Geothermal energy significantly reduces pollution compared to traditional fossil fuel sources like coal or natural gas. Here's a breakdown of its benefits:
Low emissions: Unlike fossil fuels, geothermal power plants and/or residential geothermal energy systems don't involve combustion, resulting in far fewer air pollutants. They emit 97% less sulfur dioxide and around 99% less carbon dioxide than fossil fuel plants of similar size. This translates to a major reduction in acid rain and greenhouse gas emissions.
Clean energy source: Geothermal plants primarily release excess steam, and many even achieve zero air or liquid emissions through a closed-loop system where the used geothermal fluids are re-injected back underground. Note Yale University Study
While not entirely emission-free, geothermal boasts a clear advantage:
Minimal emissions: Compared to fossil fuels, geothermal plants release minimal amounts of sulfur dioxide and carbon dioxide. Additionally, some plants utilize scrubbers to remove hydrogen sulfide, further reducing emissions
Watch Video to Learn More About Closed Loop Geothermal Energy, Thermodynamics
Further, a closed-loop geothermal energy system may provide electricity, but with some limitations to consider:
Heat Transfer: The key factor is achieving high enough temperatures from the underground heat source. Closed-loop systems rely on circulating a fluid to absorb heat from the rock. So, if the geothermal resource isn't hot enough (ideally above 150°C), there won't be enough thermal energy to efficiently generate much electricity. Therefore, a secondary system of solar panels integrated within a home power battery storage unit may be ideal to supplement enough electricity to power the entire residence including the pump (s) often used in geothermal technology.
Technology: Traditional geothermal power plants rely on high-temperature steam to drive turbines. While closed-loop systems can reach these temperatures in ideal situations, they often utilize Organic Rankine Cycle (ORC) technology. ORC systems can function with lower temperatures but are generally less efficient than traditional steam turbines.
The ability of closed-loop geothermal to generated electricity depends on the specific location's geothermal resource temperature and the chosen technology for electricity conversion. Currently, Eavor and other companies are developing more cost efficient ways to generate electricity using closed-loop geothermal and similar energy systems.
Here are some of the top companies developing closed-loop geothermal technology:
Eavor Technologies Inc.: This Canadian company has a well-developed technology called Eavor-Loop™. It utilizes a closed-loop system circulating a working fluid through underground wells to capture geothermal heat.
GreenFire Energy: Based in the US, GreenFire Energy's GreenLoop technology focuses on extracting energy from low-permeability geothermal reservoirs, making it suitable for existing projects. They've partnered with Baker Hughes for further development.
Other companies to keep an eye on:
Baker Hughes: This oilfield services giant is collaborating with GreenFire Energy and others on closed-loop geothermal solutions, leveraging their expertise in drilling and well technologies.
Criterion Energy Partners: While not solely focused on closed-loop systems, they develop next-generation geothermal projects with a focus on distributed energy, potentially incorporating closed-loop approaches.
It's important to note that the closed-loop geothermal field is still evolving, with new companies and advancements emerging. Staying updated on industry news and research can help you discover other promising players in this space.
Why Go Truly Energy Independent?
There are numerous compelling reasons to pursue energy independence:
Cost Savings: Over time, renewable energy systems can significantly reduce your electricity bills. The initial investment can be offset by government incentives and the long-term savings on energy costs.
Energy Security: Energy independence frees you from the whims of the traditional energy market and potential power outages which are likely to increase with severe climate change and violent power grid cyber attacks.
Environmental Impact: Renewable energy sources like solar, geothermal and wind power have minimal environmental impact compared to fossil fuels. By going green, you contribute to a cleaner planet and reduce toxic air and water pollution saving nearly $250 Billion per year in U.S. chronic healthcare costs improving our lifestyle.
Innovation Jobs: Millions of new jobs are generated in America with clean energy innovations like hydrogen, solar and geothermal technology. U.S. Department of Energy (DOE), recently published reports on clean energy job creation. Their report found that in 2022, clean energy jobs grew by 114,000 (3.9%) to 3.1 million jobs nationally. This means clean energy jobs now make up over 40% of all energy jobs in the United States.
Watch Video Highlights Career Opportunities in Geothermal Clean Energy Industry
Taking Charge: How to Achieve Energy Independence
The path to energy independence can vary depending on your location, energy needs, and budget. Here are some key steps to consider:
Assess Your Energy Consumption: The first step is to understand how much energy you use. Analyze your electricity bills to identify areas where you can reduce consumption. Try one of the many free Energy Cost Calculators search Google.
Explore Renewable Energy Options: Solar panels are a popular choice for homeowners, but wind turbines and geothermal systems are also viable options in certain locations. Research government incentives and consult with qualified professionals to determine the best system for your needs.
Increase Energy Efficiency: Reducing your overall energy needs through measures like energy-efficient appliances and proper insulation can significantly lessen the size and cost of a renewable energy system.
The Future of Energy is Personal
Energy independence is no longer a utopian dream. As renewable energy technology becomes more affordable and accessible, individuals have the power to take control of their energy usage and break free from dependence on traditional energy sources. By embracing renewable energy solutions, you can save money, empower yourself, and contribute to a sustainable future.
Additional Tips:
Look into community solar power and geothermal energy incentive programs if installing a home system is not feasible.
Explore battery storage options to maximize self-reliance and store excess solar energy for nighttime use.
Stay informed about government rebates and tax credits that can help offset the cost of renewable energy systems.
By taking charge of your energy consumption, you can become an active participant in the future of a clean and sustainable energy landscape.
Conclusion
Based on my research, ideally the Closed Loop Geothermal reduces toxic air and groundwater pollution by 97% overall, while giving individuals true energy independence. And its particularly effective when combined with solar panel systems.
On-average the expense to install a residential closed loop geothermal system is $15,000 to $35,000 total cost per home in the United States. It eliminates most large utility bills and may also be used to generate electricity as well, thus making you nearly 100% energy independent. For example, the geothermal system can be configured to generate electricity to run your home utilities, recharge a mobile phone or electric vehicle, EV.
Ideally using a home power back-up battery unit that can be charged using solar panels would make it most cost effective to run any geothermal system pump (s), so you'd be 100% resistant to any public utility power outages that may occur during severe weather conditions such as tornado, hurricane, fire and flooding. This type of sustainable home power system adds true energy independence for the people that reduces harmful pollution, saves money long-term and eliminates public grid vulnerabilities. So, there are cost efficient ways to achieve real energy independence available today.
About Author
James Dean, author / eCommerce guru is located in Northeast Ohio with over 35 years of experience in Business Development. He is a graduate of Boston University. J Dean leads a team helping entrepreneurs, corporations and non-profits to succeed in a changing world. Questions contact 440-596-3380 or Email jdean@entangledvibrations.com