From Yahoo Finance: 2025-04-10 07:58:00

Geothermal stocks, using earth’s heat for electricity, heating, and cooling, are on the rise. Dandelion Energy’s partnership aims to install geothermal systems in 1,500 new Colorado homes, expecting $30 million in energy savings and a significant reduction in grid transmission lines, promoting sustainable homebuilding and lower carbon footprints.

Geothermal energy could supply 15% of global power by 2050, with a potential capacity of 800 GW yearly. Investments may exceed $1 trillion by 2035, with government support possibly reducing costs by 80%. Challenges like lack of workers and environmental impacts must be addressed for geothermal energy to meet growing electricity demands.

Enhanced geothermal systems (EGS) are advancing, supported by federal funding and cross-sector investments. Technology companies are collaborating to produce geothermal electricity, aiming for 24/7 baseload power. The largest geothermal power purchase agreement of 320 MW was signed to meet carbon-free power needs round-the-clock, signaling a clean energy transition.

Chevron Corporation, a major player in oil and geothermal energy, ranks third in Best Geothermal Stocks. With a strong financial position, achieving high revenue growth and maintaining steady cash flow, CVX is a promising investment. However, AI stocks might offer higher returns in a shorter timeframe, presenting a compelling alternative for investors seeking growth opportunities.

Read more: Is Chevron Corporation (CVX) Among the Best Geothermal Stocks to Buy According to Hedge Funds?