SPE Live Podcast: Why Geothermal? Why Now? What is Driving the New Geothermal Era?

As global demand for clean, reliable energy grows, geothermal is emerging as a uniquely capable resource for delivering both firm, low carbon electricity and consistent, long term thermal output. In recent years, the geothermal startup sector has also benefited from a significant increase in investment from both established energy companies and new entrants, strengthening technology development and accelerating field deployment. Advances in drilling, subsurface imaging, enhanced geothermal systems (EGS), closed loop designs, next generation heat exchange architectures, and broader technology innovations across the subsurface sector are expanding access to resources in regions previously considered uneconomic or inaccessible. These developments are redefining geothermal’s role across the energy system-supporting industrial heat demands, commercial thermal loads, district heating networks, and dependable baseload power. This SPE Live session brings together leaders in technology innovation, project development, and stakeholder engagement, featuring the COO and Co Founder of Gradient Geothermal, a Technology Specialist from Underground Ventures (UGV), and the Director of Stakeholder Engagement at XGS Energy.

The panel will examine why geothermal heat and power are gaining momentum now, the technical advancements across EGS, closed loop systems, and general subsurface technologies driving that progress, and the practical considerations that shape real world project deployment. Attendees will gain a clear, balanced understanding of geothermal’s capabilities today, the challenges that remain, and the opportunities ahead for scaling both thermal and electric applications.

Moderated by: Katerina Yared, Global Energy Portfolio Lead at 3M Oil & Gas, Carbon Capture, Geothermal

Speakers:

• Caity Smith, Director of Stakeholder Engagement at XGS Energy
• Soraya Bornaz, Technology Specialist at Underground Ventures
• Johanna Ostrum, COO/Co-Founder at Gradient Geothermal