Geothermal energy development gathers steam
An unusual combination of economic and environmental forces have created a “perfect storm” that could help geothermal shed its back-seat status to its renewable cousins wind and solar energy, experts said at an international conference.
One after another, state and federal regulators, oil company executives, investor-owned utility officials and private developers recited the conditions in play to an overflow crowd of more than 1,000.
The financial meltdown on Wall Street, soaring oil prices, the volatility of the natural gas market, concern about global warming and a new administration assuming the White House are driving increasing demand for the energy produced by harnessing heat from beneath the earth’s surface, they said. Read full story:
Technorati Tags: SCOTT SONNER, ASSOCIATED PRESS, Rebecca Wagner, Nevada Public Utilities Commission, geothermal power, Steve Chalk, Thomas Fair, NV Energy, Sierra Pacific Resources, Geothermal Energy Association, Lisa Shevenell, Great Basin Center for Geothermal Energy, University of Nevada Reno, Gov. Jim Gibbons, Ormat Technologies, Barry S. Andrews, Chevron Geothermal, NCET, Nevada’s Center for Entrepreneurship and Technology
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