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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
Department of Energy
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
U.S. Energy Information Administration, May 2014
On top of that, Geothermal creates significantly more jobs per megawatt than natural gas.3
Geothermal Energy Association, October 2013

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
Federal Energy Regulatory Commission, January 2015
In response, the industry has turned its focus to the international market, which has demonstrated sustained growth in recent years.5
Geothermal Energy Association, April 2014

  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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