Next-generation geothermal technology still has a depth of challenges to plumb before hitting cost-competitiveness and scale, but offtake agreements with large-scale data center operators in the US, known as hyperscalers, are lending momentum. Geothermal's advantages as a baseload power source with storage capabilities are gaining attention as one way to power data centers 24-7 — at a time when both tech firms and grid operators are seeking greater reliability amid growing electricity demand.