{
  "id": 15782594,
  "title": "Geothermal Just Proved It Can Compete With Solar-Plus-Storage on Price",
  "url": "https://urgent.news/2026/10/20/geothermal-just-proved-it-can-compete-with-solar-plus-storage-on-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T18:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Alternative-Energy/Geothermal-Energy/Geothermal-Just-Proved-It-Can-Compete-With-Solar-Plus-Storage-on-Price.html"
  },
  "original_language": "en",
  "account": "Geothermal energy has emerged as a competitive alternative to solar power with storage options, according to a recent Nevada utility filing. In NV Energy's 2026 resource plan, three geothermal offers were priced at $105 to $107 per megawatt-hour, which is cheaper than the average $114/MWh capacity-weighted for the 11 solar-plus-storage projects included in the same filing. The three geothermal deals total 180 MW at a weighted average price of $105.56/MWh, while the solar-plus-storage projects amount to 4,370 MW at an average of $113.89/MWh. The cost difference is attributed to the increasing price of solar energy, with solar-plus-storage projects experiencing higher permitting delays, land carrying costs, higher financing costs, and tariffs. Geothermal power plants operate day and night, providing firm and consistent energy, unlike solar and wind power, which are intermittent. Major companies such as Google and Amazon are investing in geothermal energy, recognizing its reliability and cost-effectiveness. The geothermal industry is also benefiting from learning curve efficiencies, with drilling rates increasing by 143% for Fervo's third-generation well design and superhot geothermal projects receiving significant investments from big oil companies. Despite challenges faced by some geothermal companies, such as Ormat and Fervo, the sector is gaining traction as a cost-competitive clean energy source, with a potential for further cost reductions in the coming years.",
  "summary": "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.\" In NV Energy's 2026…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}