> Why would they need solar/wind to get a renewable base load? I know solar/wind can't provide that base load by themselves (at least not in one region), but I expected that geothermal would basically be constant, or at least fluctuate by only small percentages throughout a day? Does solar/wind really bring anything to the table in terms of base load here, or is it just that geothermal would provide the base load and solar/wind could be used for seasonal usage on top?
Think of geothermal as being a drop-in replacement for natural gas turbines today. On wind/solar heavy grids, natural gas turbines spin up when wind/solar go down. The most reliable returns on investment in geothermal will come from targeting gas turbines, because that will result in maximizing the utilization of the geothermal system. Building geothermal capacity to meet variable demand is very expensive. Relatively to that, building solar/wind is not.
Utility solar and onshore wind on the other hand are incredibly cheap, especially when you don't have to store the energy. At this moment (~09:45 PDT on November 28, 2023), solar and wind are providing 61% of electric demand in California, with no storage involved [1].
In the case that geothermal starts taking over baseload from natural gas and nuclear, wind and solar will continue their downward price trend and still be favored when their supply and demand are time-correlated, and will also be used for very dispatchable end-uses (i.e. EV charging, water heating).
They will also be coupled with storage to provide demand-following peaker resources (since batteries can respond extremely quickly to demand spikes).
If geothermal gets so cheap that there is little difference in price between it and solar/wind+storage, then it will probably indeed take over a lot of current wind/solar demand, but ever increasing demand from variable loads will continue to soak up wind/solar supply, especially as the transition away from fossil fuels accelerates.
Finally, geothermal has much higher upfront/fixed costs (due to the necessity of drilling and the machinery for the turbine), so while better than nuclear, it's still harder to use for distributed generation than solar. Distributed generation (especially behind the meter) provides resilience to distribution outages.
1. https://www.caiso.com/TodaysOutlook/Pages/supply.aspx