01 Oct '13, 3pm

Geothermal Industry Must Band Together to Stay Relevant

While the solar power sector is growing rapidly, the geothermal energy industry is “struggling to stay relevant,” Gregg Rotenberg, vice president of Chevron Renewable Energy Investment, told attendees at the Geothermal Resources Council (GRC) Annual Conference and Geothermal Energy Association (GEA) Geothermal Energy Expo . He compared the solar industry to a Tesla electric car but said geothermal looks “more like a horse and buggy.” In recent years, said Rotenberg, the federal government and local governments have been giving the solar industry an unfair tax advantage over the geothermal industry. While geothermal developers may claim a 10 percent federal investment tax credit on a project, solar projects qualify for a 30 percent credit. Many local governments also give solar power facilities breaks on property taxes, he said. Furthermore, states often require investor-ow...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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“We dressed up to go to the prom, but the car is not showing up,” Dennis Gilles, CEO of U.S. Geothermal of Boise, Idaho, t...

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“We dressed up to go to the prom, but the car is not showing up,” Dennis Gilles, CEO of U.S. Geothermal of Boise, Idaho, t...