Possibilities of Geothermal Energy and its Competitiveness  with Other Energy Sources

Geothermal Energy is one of the common talks at present. It has the potential to run long term and can provide base-load energy, at the same time it helps to reduce the greenhouse gas emissions. It is found almost everywhere on earth. The resources of geothermal energy range from shallow ground to hot water or hot rock, which can be found few kilometers below the surface and even deeper to magma where the temperature is extremely high. Since its discovery from the ancient times, many technologies have been developed to understand or use geothermal energy properly. This report is based on literature survey of geothermal energy compared to other energy sources in terms of construction, supply energy and the advantage-disadvantage of the system. From this study it has been found that geothermal power plant does not need external fuel to operate, that’s why the price of geothermal energy does not go up like oil and gas, in USA the cost of geothermal electricity ranges from $0.06 to $0.10 per kilowatt-hour and besides it is one of the most clean, reliable and renewable energy source, which is environment friendly and cheaper than other energy sources