If there is one thing Iceland has plenty of, it's magma, which is why a recent discovery made by scientists from the Iceland Deep Drilling Project could hold serious potential for the country's geothermal energy supply.
Iceland currently harnesses one-third of its energy from geothermal sources, with each well producing up to 8 megawatts of electricity. Despite this, scientists from the Iceland Deep Drilling Project have recently discovered that magma geothermal power has the potential to generate five times that amount -- enough to seriously redefine Iceland's power generating capacity.
Magma Power
Iceland Deep Drilling Project Uncovers the Geothermal Energy Potential of Lava
Trend Themes
1. Magma Geothermal Energy - The discovery of the potential of magma geothermal energy can lead to the development of new and more efficient methods of harnessing geothermal energy.
2. Deep Drilling - The Iceland Deep Drilling Project's success highlights the disruptive potential of deep drilling in unlocking previously untapped sources of renewable energy.
3. Renewable Energy Sources - The possibility of utilizing previously untapped renewable energy sources like magma geothermal power can drive research and development in the renewable energy sector.
Industry Implications
1. Geothermal Energy - The geothermal energy industry can explore new ways of extracting and utilizing energy from beneath the earth's surface.
2. Energy Supply - The discovery of new sources of geothermal power can disrupt the traditional energy supply chain and lead to more diversified and sustainable energy sources.
3. Drilling Technology - The success of the Iceland Deep Drilling Project highlights the potential of developing new drilling technologies that can unlock previously inaccessible sources of renewable energy.