As promised, President Donald Trump began reversing the country’s energy policies his first day in office with a spate of orders largely favoring oil, gas and coal. But there is one renewable energy that did find favor: geothermal.
Energy experts say that makes sense — geothermal energy makes electricity 24/7. Many people working in the field came from the oil and gas industry and they use much of the same technology for drilling wells. Trump strongly supports and gets support from the oil and gas industry. And there’s bipartisan support in Congress for geothermal.
“The embrace of advanced geothermal under this new administration, I’d say is not a giant surprise,” said Alex Kania, a managing director at Marathon Capital. “It’s reliable, it’s efficient, and frankly their ties to the more conventional forms of energy production, I think, is probably not lost on some people.”