Geothermal energy

Today, at less than 1% of global energy supplies, there is an untapped potential for clean, reliable energy. Though solar and wind have dominated the renewable energy sector, geothermal has become cost competitive to wind and solar, with a levelized cost of energy (LCOE) that continues to decrease. Investments in new or fit-for-geothermal technologies and application of existing oil and gas technologies are paying off in improved economics for developers during greenfield project development, as well as operators during production enhancement, workovers, and other brownfield activities.

Next generation technologies such as enhanced geothermal systems (EGS) and advanced geothermal systems (AGS) are broadening geologic opportunities for this renewable energy source, bringing it closer to customers, providing local energy security, and doing it with a footprint that is multiples smaller than other renewable energy sources.

At SLB, we’ve provided solutions and services to the geothermal industry for decades, whether traditional hydrothermal, next generation, direct use or for heating and cooling.  And we’re constantly improving our technologies and approaches to encourage geothermal adoption more broadly by lowering exploration risks, improving drilling efficiencies, and enhancing production for existing investments. At SLB, we’re dedicated to helping customers break down the boundaries that are holding projects and operations back.