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The Download: enhanced geothermal systems, and promising climate tech

Jan 11, 2024 - technologyreview.com
The newsletter discusses the potential of Enhanced Geothermal Systems (EGS), a technology that could increase the use of geothermal heat for energy production. EGS allows companies to access geothermal heat in new locations by cracking open solid rocks at greater depths than existing geothermal wells. Water is then injected into these rocks to generate steam, which drives turbines to produce electricity. This technology is one of MIT Technology Review’s 10 Breakthrough Technologies for 2024.

In other news, US regulators have approved a new bitcoin-tracking product, which is expected to be a major boon for crypto. OpenAI's GPT Store, which allows visitors to buy and sell customized chatbots, is now live. The US EV charging network has received a $623 million boost to build 7,500 new charge points. The newsletter also highlights the rise of the tech ethics congregation, a movement promoting ethics and responsibility in tech.

Key takeaways:

  • US regulators have approved bitcoin exchange traded funds, which is a significant boost for the crypto industry.
  • Enhanced geothermal systems, a technology that allows companies to access geothermal heat in new locations, is one of MIT Technology Review’s 10 Breakthrough Technologies for 2024.
  • Climate tech is a major focus for 2024, with three entries in the 10 Breakthrough Technologies list.
  • All Tech Is Human, a nonprofit organization promoting ethics and responsibility in tech, is experiencing significant growth as individuals in the tech world seek a focus on ethics and justice over profits.
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