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04/09/2008 07:23 AM

Untapped Geothermal Capacity in U.S.

SustainableBusiness.com News

The Department of Energy's National Renewable Energy Laboratory has said that tapping a mere 5% of the geothermal energy beneath the U.S. could reduce our dependence on coal-fired power by one-third. Furthermore, researchers say this is achievable by 2050.

So how is progress on this renewable energy front? Slow.

A lack of research and development funding, as well as high financial risk involved with drilling deep-earth wells has kept geothermal a relatively small player in the renewable energy sector.

"The Great Forgotten Clean-Energy Source: Geothermal" discusses the barriers geothermal companies must overcome to bring this abundant energy supply online for American consumers.

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