Torsten Kolind (UGV): Can Geothermal Scale Beyond Iceland?

About this episode

The episode discusses the potential of geothermal energy and the challenges it faces in scaling beyond niche applications.

Thanks you, Morning for hosting the podcast this week. Get 20% off your next meeting room (in Paris), just say you’re coming from Hugo at New Wave. **** Subscribe to the newsletter: New Wave | Hugo Rauch | Substack **** 🌊 Drilling the Future, Can Geothermal Power Everything? From 0.01% to 8%, what it takes to unlock next-gen geothermal at scale. We’re joined by Torsten Kolind , Co-founder of Underground Ventures , a specialist VC fund backing next-generation geothermal technologies. In this episode, we dive into why geothermal, one of the most reliable and abundant energy sources, remains almost invisible today, and unpack what it really takes to turn a niche resource into a global energy backbone. In our conversation, we covered: → Why geothermal is still ~0.014% of global energy, and what’s holding it back → The breakthrough behind “next-gen geothermal” → How oil & gas infrastructure could be repurposed to scale geothermal globally → Why geothermal might not compete with solar and wind, but complement them → The rise of companies like Fervo, and what their success unlocks → Europe vs US: heat vs power, and diverging market dynamics → Why drilling, flow control, and steam…

People in this episode

Host: Hugo Rauch

Guest: Torsten Kolind

Topics covered

• geothermal energy
• next-generation technology
• energy sources
• market dynamics
• infrastructure
• sustainability

Keywords

• geothermal
• energy
• sustainability
• infrastructure
• next-gen geothermal
• market dynamics
• drilling
• efficiency

Sponsors

Morning

Mentioned in this episode

Organizations: Underground Ventures

Products: Fervo

Places: Iceland, Europe, US, Paris

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