Market changes and an investment of $800 million to $1 billion over 15 years could bring more than 100 GW of geothermal energy to the US grid by 2050, according to a study recently released by a multi-disciplinary research group at MIT. That investment, is less than the cost of a single “new generation” coal-powered plant, and the amount of energy is equivalent to 200 coal-fired power plants or 100 new nuclear power plants.
The Energy Information Agency (EIA) has issued its report, Annual Energy Outlook 2012, which projects U.S. renewable power production more than doubling by 2035, even with the expiration of federal tax credits The report projects robust growth for geothermal, which is expects to triple its production by 2035 outpacing the overall trend.
U.S. Geothermal Inc. (NYSE: HTM) announced it has received approval on an amended power purchase agreement for energy provided by its San Emidio Project to the Sierra Pacific Power Company (SPPC).
A new 322-page study, Geothermal Energy Resource Potential of Canada, characterizes Canada’s (in-place) geothermal potential as exceeding, by one million times, the country’s current electrical consumption.
Enel Green Power has received final regulatory approval to construct its groundbreaking hybrid solar and geothermal power plant in Nevada.
Welcome to EnergyBoom - an online community that is actively shaping the most important debate of our time. Login or register to get started.