That massive spike of 50c/kWh at the left looks tiny compared to today even though that’s already insanely expensive

  • TheEighthDoctor@lemmy.world
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    11 months ago

    Geothermal is expensive and not worth it financially in many countries but when you are looking at 2.35€/kWh it seems like a great investment.

    • Hotzilla@sopuli.xyz
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      11 months ago

      He doesn’t mean geothermal in large scale but home level geothermal. It is actually very cheap and efficient technology.

      Over half of the new houses in Finland are build with geothermal. It costs roughly 18 000€ to construct.

      • TheEighthDoctor@lemmy.world
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        11 months ago

        He doesn’t mean geothermal in large scale but home level geothermal. It is actually very cheap and efficient technology.

        I understand, but it’s not cheap when compared to solar

        • Hotzilla@sopuli.xyz
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          11 months ago

          Solar panels doesn’t provide heat, it produces electricity. Also it is quite common on Finland to have solar panels + geothermal heating, because both of them pay for themself in 5-10 years. Unfortunately solar panels do not provide us enough electricity to be only source, not even with batteries.

    • Makka
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      11 months ago

      In Sweden it’s quite common to heat single family homes with geo. Here is a report I found from where table T2.6 breaks down different heating. Link to the Excel sheet

      As of 2021 14% used geo (berg/jord/sjö) roughly translated ~ bedrock/ground/lake. And 10% used geo in combo with something else, usually some sort of wood burning stove.

      Page with more info (in Swedish) The Swedish Energy Agency