NEWS: Next-gen geothermal may be risky to scale, a recent Niskanen Center report found

The major issues: 1) Large-scale project experience is thin 2) capital is scarce, with $1.5B invested since 2021 against a $20-25B need 3) permitting can take 7-10 years and 4) over two dozen states have no geothermal regulations yet.

Geothermal versus gas: Enhanced geothermal is projected to cost $64-111/MWh by 2030 (with tax credits), versus $55-80/MWh for natural gas. So far, no commercial-scale US plant exists to ground-truth those numbers.