To help accelerate progress by 2030, Project Innerspace will deploy a disruptive roster of innovative geothermal start-ups and thought leaders to promote the need for project financing, leveraging our Geomap to identify high-impact pilot locations and working with local partners to investigate and overcome policy barriers to development opportunities. Key to our approach is engagement with the oil and gas industry which holds the technologies and workforce necessary to scale geothermal energy. Through these efforts, we aim to socialize geothermal and reduce risks associated with new geothermal concepts sufficiently to catalyze significant investment to realize carbon reductions at scale.

Next generation geothermal is a zero-carbon source of electricity and heat/cooling that is at a critical inflection point to unlock massive decarbonization benefits in the US worldwide. According to a December 2024 IEA report, new geothermal technologies have the potential to meet all electricity and heat demand in Africa, China, Europe, Southeast Asia and the United States combined. Despite this, Geothermal has been absent from major conversations about decarbonization in the US. Project Innerspace is facilitating the rapid transfer of resources, technologies, and know-how from the oil and gas industry toward geothermal energy production through innovations like GeoMap.