26 Jan '12, 4pm

Accelerating Geothermal Growth Through DOE Initiatives

Accelerating Geothermal Growth Through DOE Initiatives

“This industry has been reborn in the last few years and there is actual growth in the number of companies involved: we are now seeing more companies producing geothermal than five years ago, and more companies actively developing than there were two years ago,” said Karl Gawell, executive director of the Geothermal Energy Association (GEA), in Washington. DOE’s Geothermal Program Rolls Out DOE’s Geothermal Technology Program (GTP) was strategically expanded in 2008 and won funding of $368 million under the Recovery Act. Although roughly $40 million a year has been applied to the program over the recent past, President Obama’s “Christmas wish list” to Congress included $101 million for 2012, according to Douglas Hollett, Washington-DC-based GTP manager. Within the broad GTP program — which includes dozens of technology projects, enhanced geothermal systems (EGS) is the pri...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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