This research paper delves into the multifaceted world of geothermal power, examining its technological underpinnings, environmental and economic benefits, and the inherent challenges associated with its implementation. The study provides an overview of various geothermal energy extraction methods, including hydrothermal, enhanced geothermal systems (EGS), and geopressured resources. Furthermore, an analysis is performed on the practical applications of geothermal energy, as well as the comparison of its advantages and disadvantages with other sources of renewable and non-renewable energy sources.