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19.10.26 - 21:42
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Geothermal Just Undercut Solar-Plus-Storage In Sunny Nevada (ZeroHedge)
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Geothermal Just Undercut Solar-Plus-Storage In Sunny Nevada
Geothermal has long been the clean, firm power source that was always a few breakthroughs away from being cheap enough to matter. Numbers buried in a Nevada utility filing suggest that day may have arrived.
Joel Edwards, co-founder and CTO of geothermal developer Zanskar, put it bluntly earlier this month: "to all the geothermal believers out there, the flippening has come."
to all the geothermal believers out there, the flippening has come in NV Energy's 2026 filing, 3 geothermal offers came in at $105–107/MWh, below the ~$114/MWh capacity-weighted average for 11 solar + bess offers in Nevada, of all the sunny places the 3 solar + bess projects NV Energy put forward in 2024 averaged ~$94/MWh, but this 2026 slate is pricier, e.g., Boulder Solar III's levelized price jumped from ~$85/MWh to ~$125/MWh after permitting delays, land carrying costs, higher financing costs, and, of course, big, bad tariffs. could geothermal pu...
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