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Despite the significance of fossil fuels such as coal, oil, and natural gas, geothermal energy is often overlooked, generating merely 0.3% of the world's electricity. Nevertheless, this underdog is gaining attention; geothermal energy could reshape the economic landscape by transforming heat into a service, rather than a commodity tied to fluctuating fuel prices.
Increasing investments are being funneled into startups focused on unlocking the full potential of geothermal energy. Companies are aiming to develop deeper drilling technologies to harness hot subterranean resources effectively. Enhanced geothermal systems are emerging as a reliable way to access geothermal energy wherever hot rocks exist, regardless of locations with less favorable geological conditions.