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Geothermal PicGeothermal energy taps into the hot water and steam trapped inside the Earth’s crust and uses it to generate electricity, or in some cases, heat buildings.1
Source:
Department of Energy
http://1.usa.gov/1EShd38
Unlike many sources of renewable electricity, geothermal energy is invariable – it generates electricity 24/7. That offers utilities a valuable source of baseload clean power.

There are high up-front capital costs associated with geothermal energy, but according to the U.S. Energy Information Administration, geothermal projects will boast the lowest unsubsidized, levelized cost of electricity by 2019.2
Source:
U.S. Energy Information Administration, May 2014
http://1.usa.gov/1wWvTgE
On top of that, Geothermal creates significantly more jobs per megawatt than natural gas.3
Source:
Geothermal Energy Association, October 2013
http://bit.ly/1wqn2U6


There are currently 3,870 megawatts of geothermal capacity installed in the U.S., but uncertainty surrounding the production tax credit has stalled growth.4
Source:
Federal Energy Regulatory Commission, January 2015
http://1.usa.gov/1DnFJs4
In response, the industry has turned its focus to the international market, which has demonstrated sustained growth in recent years.5
Source:
Geothermal Energy Association, April 2014
http://bit.ly/1E3GvaI


  Aug 06, 2015  |    Sydney Morning Herald, August 2015

  May 20, 2015  |    International Renewable Energy Agency

  Jul 11, 2014  |    KTVZ

  Jun 14, 2012  |    TechNewsWorld


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