Is geothermal energy ready to make its mark in the US power mix?
McKinsey
JULY 17, 2025
We estimate that levelized production costs for a first-of-a-kind, commercial-scale (more than 50 megawatts) next-generation geothermal facility in the United States could range from $75 to $120 per megawatt-hour. Exploration, drilling, and power plant capital expenditures could make up more than 70 percent of costs.
Let's personalize your content