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10/09/2008 07:41 AM
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Geothermal Industry Says Its Moment Is Now
SustainableBusiness.com News
A "perfect storm" of events is pushing geothermal closer to the forefront of the renewable energy industry, according to experts who met this week to discuss the near future of the industry.
Nevada has 10 geothermal power plants generating 325 megawatts (MW) of power with 73 more MW deliverable by 2010. The state has a U.S.-leading 45 projects in the works--more than double the 21 in California, the next busiest state.
The Geothermal Energy Association said new projects also are under way in Alaska, Arizona, Hawaii, Idaho, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.
When developed, the projects will provide up to 3,368 MW of new electric power capacity, more than doubling U.S. capacity from 2,936 MW in 2006, to nearly 6,304 MW.
Read the full Associated Press coverage, including remarks by executives from Sierra Pacific Resources (NYSE: SRP), Ormat Technologies (NYSE: ORA) and Chevron Geothermal (NYSE: CVX).
