USA, California: Policymakers Beginning to See the Potentially Extraordinary, but so far Unrecognized Value of its Geothermal Resources

Geothermal's surprise: Cheap renewables could keep states from achieving climate goals (Utility Dive)

Planners must think beyond the levelized cost for renewables to the value that each resource brings to the grid.

Surprisingly, the plunging cost of some renewables could keep states from reaching ambitious climate goals if planners fail to recognize the higher value in some higher cost renewables.

States like New York, Massachusetts and California with ambitious 2030 renewables and 2045 emissions reduction mandates are starting to find a tension between cost and value. Offshore wind's reliability and emissions reduction values have raised its profile, though it remains more expensive than onshore wind. Now California policymakers are beginning to see the potentially extraordinary, but so far unrecognized value of its geothermal resources.

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