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Why is geothermal energy renewable source of energy? Geothermal energy (earth's thermal energy in form of heat generated and stored in Earthâs core) is renewable source of energy because earthâs heat is practically inexhaustible source of energy that is being replenished by radioactive decay of minerals at a rate of 30 TW.
Geothermal Energy. Geothermal energy is extracted from inside the Earth to heat homes or spin turbines to make electricity. The world's first geothermal electric plant, in Italy, is more than 100 years old; and Iceland gets about 30% of its electricity from geothermal.But, because of limited surface access to geothermal sites, until quite recently, geothermal was not thought to be a viable alternative to carbon-based fuels.he world's first geothermal electric plant, in Italy, is more than 100 years old; and Iceland gets about 30% of its electricity from geothermal.