The Reykjanes geothermal power station at the southwestern tip of Iceland on March 23, 2017. Halldor Kolbeins—AFP/Getty Images |
In some regions, including parts of the South Pacific, Latin America and even the western U.S., a tenfold increase would transform geothermal power from a bit player in the world's energy supply to a fundamental source.
Even if IDDP does not succeed, geothermal could still grow rapidly using existing technology. But a failure in Iceland — home to some of the world's leading researchers in the field — could give pause to investors considering a gamble on a new way of powering the world.