Friday, May 22, 2009

Geothermal Sector on Verge of Expansion

Geothermal Sector on Verge of Expansion
SustainableBusiness.com News

Geothermal energy capacity in the U.S. is far less than that of wind and solar power, but that could be about to change, according to a New York Times article.

Recent actions by the departments of Interior and Energy have prepared the renewable energy sector for unprecedented growth on federal lands, particularly in California and Nevada.

The Energy Department is expected this month to announce its list of geothermal projects that will be helped along with the $400 million from the American Recovery and Reinvestment Act. Meanwhile, the Bureau of Land Management and the Forest Service are working together to streamline permitting for new geothermal projects that could occur on federal lands.

According to Interior's estimates, by 2025 geothermal power generated from federal lands will produce enough electricity to power more than 10 million homes.

Read the in-depth report below.

Website: www.nytimes.com/gwire/2009/05/21/21greenwire-geothermal-the-undervalued-renewable-resource-12208.html

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