The time has finally come for geothermal energy

Base generation was a cost optimization. Planners noticed that load never dropped below a specific level, and that cheapest power was from a plant designed to run 100% of the time rather than one designed to turn on and off frequently. So they could reduce cost by building a mix of base and peaker generation plants.

In 2025, that's no longer the case. The cheapest power is solar & wind, which produces power intermittently. And the next cheapest power is dispatchable.

To take advantage of this cheap intermittent power, we need a way to provide power when the sun isn't shining and the wind isn't blowing. Which is provided by storage and/or peaker plants.

That's what we need. If added non-dispatchable power to that mix than we're displacing cheap solar/wind with more expensive mix, and still not eliminating the need for further storage/peaker plants.

If non-dispatchable power is significantly cheaper than storage and/or peaker power than it's useful in a modern grid. That's not the case in 2025. The next cheapest power is natural gas, and it's dispatchable. If you restrict to clean options, storage & geographical diversity is cheaper than other options. Batteries for short term storage and pumped hydro for long term storage.

Like nuclear, I believe geothermal has high capital cost and low running costs, suggesting that it isn't usefully dispatchable.

But that's too simplistic. A big limitation of geothermal is that rock has poor thermal conductivity. So once you remove heat it takes a while for it to warm up again. If you're running it 100% then you need a large area to compensate. OTOH, if you're running it at a lower duty cycle you likely need less area.

So if you know the duty cycle in advance, then you can likely significantly reduce costs. Yay!

But that also means that you likely can't run a plant built for low duty cycles continuously for 2 weeks during a dankelflaute. It's likely great for smoothing out daily cycles, but not as good for smoothing out annual cycles. That means it's competing against batteries, which are also great for smoothing out daily cycles, and are very inexpensive.