borisnand,
I think the reasons geothermal for electric power or geothermal exchange is limited in the US are for a variety of reasons. (Note: This has not stopped the Dutch (low temperature GeoX) and Iceland, the Danes as well as many others from exploring and implementing these systems in relatively high quantities - well over 3000 systems and megawatt scale)
Culturally, we have favored cheaper energy power systems to generate electricity and to provide HVAC to homes and habitable buildings. Infrastructure has been heavily lobbied to support ready sources of power from fossil fuels community and existing utility structures in place.
Economically, Geothermal has tremendously high up front costs which have traditionally been subject to the same IRR hurdles of more conventional electric or fossil fuel systems. When the risks are born out without regard to future LOWER operating costs, these types of technology are scraped from the slate at the earliest phases of the project process.
Geothermal, even with deep holes, suffers from the lack of certainty provided by more traditional systems. Why accept 93% certainty when 100% has worked for decades?
As a project team, geothermal is usually presented as a modeled reservoir with many assumptions for flow, temperature and total Q delivered. Further, when pressed about operating costs, these ‘plants’ have no locally sourced expertise for workover, maintenance and operating expenses required. This information must be sourced from overseas, usually. As a result, questions are posed about why the US is different or why x or y or z failure in another state should be dismissed.
We are nascent in the US due to many factors. Little of this suppression has to do with the actual technology. It’s primarily cultural and political factors with a scattering of failed projects littering the way.
However, the landscape is changing, rapidly. Through NYSERDA, DOE and many other state entities, renewable energy sources are being favored for research, development, implementation.
My team recent put a proposal together for NYSERDA that would result in Gigawatt scale implementation on the east coast. This would result in allowing a very large urban center to be essentially carbon neutral.
We have similar scopes in play at universities, state capitol, and other large industrial centers across the country.