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inside the earth. It is produced due to the fission of radioactive materials in the earths core and
some places inside the earth become very hot. These are called hot spots. They cause water
deep inside the earth to form steam. As more steam is formed, it gets compressed at high
pressure and comes out in the form of hot springs which produces geothermal power.
Potential capacity Estimates for the potential of geothermal power plants vary
between 0.035 to 2 TW.
Small land footprint Smallest land footprint of any major power source.
High cost for electricity Total costs usually end up somewhere between $2 7
million for a 1 MW geothermal power plant.
High up-front costs for heating and cooling systems While there is a
predictable ROI, it will not happen quickly.For an average sized home, installation
of geothermal heat pumps costs between $10,000 $20,000 which can pay off
itself in another 5-10 years down the line
Location Specific Good geothermal reservoirs are hard to come by. Iceland and
Philippines meet nearly one-third of their electricity demand with geothermal
energy. Prime sites are often far from population centers.
Cost of Powering the Pump Geothermal heat pumps need a power source.
May Run Out of Steam: You have to be incredibly careful when you are trying to
check everything that is related to geothermal energy. Mind must be taken to
watch the heat and not to abuse it, because if the heat is not taken care of
properly, it can cause a meltdown or other issues where the energy is not properly
distributed or used.