In June 2024, a small company called Zanskar purchased a geothermal power plant in New Mexico that was failing fast. The water coming from the underground reservoir was getting colder by the day, making the plant uneconomical to run.

Now, two years later, that plant is running at full capacity again, thanks to a new well. With the help of advanced modeling and modern drilling technology, the company was able to identify a better potential well site, drill down thousands of feet, and revive the entire operation.

As the world looks for more sources of emissions-free electricity that are available 24-7, Lightning Dock shows there’s still hidden potential deep beneath our feet. 

Conventional geothermal power plants rely on having the right underground conditions. Water flows through fractured hot rocks to harvest heat and then through a power plant to generate electricity. If the water isn’t hot enough or not enough flows, the power plant can’t work efficiently.

Lightning Dock came online in 2013, and the site historically had two production wells that were used to feed the power plant. It’s common to see temperatures drop at a well site over time, typically at a rate of 1 to 2 °F per year. In the period before Zanskar took over the site, Lightning Dock saw temperatures drop by 50 °F over five years, a rate of 10 °F per year. When the company purchased the facility, the water going into the power plant was just 250 °F, while the plant was designed to operate at temperatures of at least 310 °F. 

When Zanskar mapped the underground conditions at Lightning Dock using advanced modeling techniques, they discovered that the wells were only hitting the very top of the reservoir there. Those production wells were quite shallow (at just 2,500 feet deep) and not in the best location, says Joel Edwards, Zanskar’s cofounder and CTO.

The company’s modeling predicted that if the company were to drill another, deeper well in a new spot, the plant would be able to run efficiently. The team drilled a new well that reaches a depth of 8,000 feet and started operation in May 2025.

After a full year, the well is still flowing at more than 4,000 gallons per minute. The plant has “completely turned around,” Edwards says. “It looks really exciting.”

The data so far shows that the plant should be successful for years to come. “Ultimately you need to run these things for long time frames to get confidence in their performance over long time frames,” Edwards says.

The progress at Lightning Dock could be good news for other geothermal sites too. The conventional wisdom in geothermal energy is that the deeper you go, the hotter it gets. But there’s usually a trade-off: With those depths come rocks that are packed tighter together. So drilling deeper could mean the hot water can’t flow as effectively, a problem for anyone trying to use it to generate electricity in a power plant.

What the team found, however, was that the flow actually increased in the area where they drilled the new well. “That fundamentally changes how you think about not just Lightning Dock but all hydrothermal assets in America and what the potential can be for all of them,” says Ben Brenner, director of federal affairs at Zanskar. 

Over the past year of operation, Lightning Dock generated over twice the electricity it would have with the old wells. This is a relatively small power plant, with a capacity of 15 megawatts going to the local grid (about enough to power 11,000 US homes).

Oil and gas developers have chased resources deeper underground over the past few decades. Operations started relatively close to the surface, but oil and gas production can stretch down 20,000 feet or more today. “I think that arc is going to play out in geothermal,” Edwards says. While typical geothermal well fields range from 3,000 to 5,000 feet deep, it could become more common to go deeper in the future, he adds.  

The company plans to do further development at the Lightning Dock site: with a few years of development and an upgrade to the power plant, it could get even more electricity out of this area, Edwards says.

There’s been a lot of buzz and investment in enhanced geothermal systems—projects that aim to expand where geothermal resources can be used. Fervo Energy, for example, uses fracking techniques to open up rock that would otherwise be too closed off for traditional geothermal energy.

But there’s still plenty of “low-hanging fruit” in the geothermal world, Edwards says. Many of these conventional resources have plenty of potential—they just need a second look.

This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. 

Correction: A previous version of this article misstated the title of Joel Edwards. He is Zanskar’s CTO, not CEO.

Lee, an engineer at Samsung’s semiconductor division, clocks out when his shift ends. He used to work longer hours, going the extra mile to excel at his projects. But lately, he’s been coming straight home to work on his job application for the chipmaker’s South Korean rival SK Hynix, sharing tips with his coworkers on how to draft a stellar personal statement. Even his boss encourages him to make the move.

“My team lead tells us all to jump ship to SK Hynix,” says Lee. He and his coworkers are feeling demoralized by the $476,000 bonus that SK Hynix is set to pay its employees, flush with record profits from making the high-bandwidth memory (HBM) chips that power Nvidia’s AI accelerators. The figure dwarfs what chip workers at Samsung are set to receive and is sparking an exodus.

As the AI boom heats up, the semiconductor titans are waging a fierce talent war with flashy bonuses, aggressive recruiting, and even a courtroom injunction. Who wins could tilt the race to dominate the next generation of the HBM chips at the heart of the AI boom.

“Except for our two team leads, my entire team [of 30 people] just applied to SK Hynix,” Lee says, referring to a job posting the company published in July. Lee, who has worked at Samsung for three years, even applied for an entry-level position at its rival. A coworker, who has worked at Samsung for eight years, applied for the same one. They both got rejected. But they’re hopeful that they’ll get a callback for a posting seeking a more experienced engineer.

All employees at Samsung and SK Hynix that MIT Technology Review spoke with asked to be identified by just their last name or a pseudonym because they feared retaliation from their employer. Samsung declined to comment, and SK Hynix did not respond to requests for comment.

After prolonged negotiations with its labor union, Samsung struck a deal in May to pay out 10.5% of the semiconductor division’s operating profits to employees as bonuses annually for 10 years, mostly in company stock that vests over three years. The move came after SK Hynix agreed last year to pay out 10% of operating profits to employees, which translates to $476,000 per employee this year—mostly in cash.  

But at Samsung, each division’s bonus is tied to its own bottom line. Chip workers in its memory division, which is also reaping a windfall from making HBM chips, are getting paid a bonus of roughly $400,000 per employee this year. But those who, like Lee, work in Samsung’s foundry division, which manufactures logic chips that companies like Tesla and Google design and has been operating at a loss, are getting a bonus of roughly $135,000. 

Employees told MIT Technology Review that Samsung said it can’t give as many bonuses to divisions that aren’t performing well. Lee, after watching the labor union wrestle with the company for months, says he has felt disappointed by what he ended up with: “Even if Samsung does well in the future, I don’t think any of it will trickle down to me.” 

The workers’ lagging bonuses are making SK Hynix suddenly look appealing. According to a survey by the Samsung labor union in June, 81.5% of employees in the company’s foundry division, and nearly half of employees in the semiconductor division as a whole, said they wanted to go to another company in the next two years. In April, Samsung labor union chief Choi Seung-ho said more than 200 members of the union had left for SK Hynix over the past four months. On Blind, an anonymous workplace forum, a chorus of disgruntled engineers at Samsung confess that they want to defect to SK Hynix for the bigger bonuses. 

For decades, SK Hynix lived in Samsung’s shadow. It was the smaller, scrappier memory maker that elite engineering students at universities looked past when applying for jobs. But in 2019, Samsung downsized its HBM team, betting the market would stay niche, while SK Hynix doubled down on the technology. Then the AI boom supercharged the demand for HBMs, which feed AI chips the enormous amounts of data they need at ultra-high speed, driving prices to unprecedented levels. SK Hynix now leads the global market for HBMs, while Samsung is playing catch-up. Both companies topped $1 trillion in market value in May, and SK Hynix briefly dethroned Samsung as South Korea’s most valuable company in June.

Predicting that demand for memory chips will continue to surge, the semiconductor titans are making aggressive investments to expand their business. Last month, the companies unveiled plans to invest more than $2 trillion by 2040, including a semiconductor “mega-cluster” in Yongin, a city south of Seoul. To staff the expansion, SK Hynix added 2,152 employees in the first half of 2026 alone and aims to double its manufacturing capacity in five years. Samsung plans to hire 60,000 employees over the next five years, especially for its semiconductor division. Even so, the pipeline will fall short: South Korea’s semiconductor industry will need about 304,000 workers by 2031 and faces a shortage of roughly 54,000, according to the Korea Semiconductor Industry Association.

Now the longtime rivals are showering workers with big bonuses to keep—and poach—talent. “[SK Hynix] seems to target Samsung engineers when hiring because it’s a rival,” says Baek, a manager at SK Hynix. “From what I heard internally, the big performance bonuses we got were aimed at luring away talent from our competitor.”

Courts are starting to weigh in. In July, Samsung won an injunction barring two former chip workers from working at SK Hynix for 18 months, on the grounds that chips are a national core technology deserving protection. “With competition in the semiconductor industry fierce, it’s necessary to establish a fair market order,” the court ruled.

The talent exodus threatens a crucial advantage that Samsung still holds in the HBM race. “Samsung is the only memory maker in the world that owns a foundry business,” says Park Jun-young, a semiconductor expert at the Industrial Anthropology Laboratory, a research institute, who worked at Samsung for a decade. 

With the latest generation of the technology, known as HBM4, the logic chip at the base of each memory stack must be manufactured with the kind of advanced process that only foundries run. Samsung can do this in-house, while SK Hynix outsources it to the Taiwanese foundry giant TSMC. “If Samsung keeps losing engineers in the foundry … the collaboration between memory division and foundry division could become difficult,” says Park. “SK Hynix, which used to have only a memory team and is now hiring foundry engineers, could do better research on HBMs.”

Choi, an engineer who has worked at Samsung for seven years, says he was once a star on his team, getting glowing performance reviews from his managers. But lately, he and his coworkers have been busy applying for every SK Hynix job posting they see. “We tell each other when the next SK Hynix job posting is up,” he says. “There’s always more work to do beyond our basic duties. But there’s no point in doing it.”

Outside the small town of Paducah, Kentucky, a wealth of uranium is locked away in thousands of storage cylinders filled with waste material from a now-closed nuclear enrichment facility. Lasers could help get it out.

A company called Global Laser Enrichment (GLE) is looking to reprocess this old material with a new technology called laser enrichment. It could be more efficient than conventional enrichment methods, allowing the company to refresh the material and produce feedstock at the same concentration as a natural mined source. And in the future, the company claims, laser enrichment could be used to make material for nuclear fuel, including the kind used in advanced reactors.

Nuclear power provides about 9% of global electricity today, and that fraction could tick up as major world powers like the US and China look to build new reactors, including some based on next-generation technology. New, cheaper methods to obtain fuel could help ensure that those nuclear projects stay on track.

Naturally occurring uranium is largely made up of uranium-238 (over 99%) and uranium-235 (about 0.7%). Uranium-235 is the fissile type, meaning that, when hit with slow low-energy neutrons, it can sustain a chain reaction that generates electricity. So reactors generally use material with a higher concentration of U-235 than what’s pulled from the ground. Today’s conventional reactors usually use low-enriched uranium, typically is about 5% U-235, though some advanced reactor designs will use fuel that’s up to 20% U-235.

Today, centrifuges are the dominant tech used to enrich uranium. The equipment essentially takes uranium-containing material and spins it around incredibly quickly, so the heavier material (which contains U-238) spins out to the edge, while the lighter material (which has U-235) stays closer to the center. (If you’ve ever swung a mustard bottle to get the last of it out, you’ve used the same basic idea behind a centrifuge.) Then the material that has a higher concentration of U-235 can go on to be made into nuclear fuel.

Laser enrichment, on the other hand, takes advantage of the fact that all molecules vibrate and rotate at an atomic scale in ways that depend on their specific material. Even different uranium isotopes have distinct fingerprints.

Lasers are so precise they can target one particular material (like molecules that contain U-235, for example). If you shine a laser at a mixture, you can selectively excite just the material you’re targeting, giving it a bit more energy. This changes the way it behaves, which can make it easier to separate out the material you want using chemical or physical methods.

A wide range of separation approaches have been developed in research and industry. Some aim to electrically charge U-235 atoms, allowing them to be moved with electrostatic or magnetic fields. Others change how the material reacts chemically. 

The details of GLE’s specific technology are classified, and company officials declined to share how the process works. 

There’s been interest in using lasers for uranium enrichment for decades, says Charles Forsberg, a principal research scientist in nuclear science and engineering at MIT. 

However, in their early days lasers tended to be high-maintenance, unstable and difficult to operate. They’ve improved dramatically, making laser enrichment a more attractive prospect than it was during the early research.

Even more than technological improvements, a recent geopolitical shift could boost new enrichment technology. Russia has the largest uranium enrichment ecosystem in the world, and the country has historically dominated the market. “Nobody in the West was going to build a new enrichment plant while the Russians flooded the world with enriched uranium,” says Forsberg. 

Since the start of the Ukraine war, however, countries including the US and UK have taken steps to limit or ban imports of Russian uranium. That’s opened the door for companies to set up new enrichment operations, including some that use new technologies, Forsberg says.

Demand for fuel is increasing as countries look beyond Russia for uranium supply. “The gap is just becoming bigger and bigger, and this technology is right in the middle,” says Christo Liebenberg, president of LIS Technologies, one of the companies aiming to build laser enrichment capacity in the US.

LIS Technologies was founded in 2023, and the company recently purchased a 200-acre site in Oak Ridge, Tennessee. It’s currently in the pre-application process with the US Nuclear Regulatory Commission for its facility. The company plans to take in natural-grade uranium and make a product that’s roughly 5% U-235, though it hopes to eventually make more concentrated material that can be used as fuel for next-generation reactors.

GLE is taking a different approach: Rather than using its technology to enrich freshly mined material to the 5% concentration that can be used in fuels, it’s hoping to start by rehabilitating old waste.

The company has a contract with the US Department of Energy to reprocess waste material at the enrichment site in Paducah. The facility could enrich up to 200,000 metric tons of material that contains small amounts of uranium leftover from an older enrichment process.

GLE is taking the material that’s at least 0.25% U-235 and enriching it to about 0.7%. That material can then be further processed and slotted into the uranium supply chain in place of freshly mined material. “It’s kind of like a large aboveground uranium mine for us,” says Nima Ashkeboussi, vice president of government relations and communications at GLE.

While each one of its units is more complex and expensive than a centrifuge, far fewer are needed to do the same work. A similar centrifugation plant would have many thousands of centrifuges working together, but a full-scale plant using GLE’s laser enrichment process would have fewer than a thousand of its units, says Stephen Long, the company’s CEO. Up-front investment should be smaller, and operating costs are also expected to be lower, partly because the process uses less energy than centrifuges, Long says.

GLE has a testing facility in Wilmington, North Carolina. In fall 2025, the company completed a demonstration pilot, processing several hundred kilograms of uranium. It decommissioned that system and is currently putting together a new demonstration at the North Carolina plant, which would show how the technology works at commercial scale.

The company also applied for a license with the US Nuclear Regulatory Commission for its proposed facility in Paducah. The final safety evaluation should be finished in November, and the final approval should come in 2027, Long says. The plan is to start processing material at the plant by 2030.

In the long run, there’s plenty of uranium on the planet to keep reactors running for decades. But as interest in nuclear power grows and the geopolitics of fuel shift, there could be short-term gaps or price spikes that alternative sources could help smooth out.

Laser enrichment plants could turn out to be cheaper than existing technologies, says Stephen Greene, a senior fellow at the Nuclear Innovation Alliance. But as with most new technologies, “you don’t really know until you try to build one.”