09 Jun '11, 2am

When Will the Geothermal Power Slump End?: Filed under: Energy News

Of all the energy harvesting technologies out there, geothermal remains the most maddening. In theory, there should be more than enough energy below our feet to power our world , and it should be cost-competitive for a fraction of the investment needed in wind or solar . In theory. Right now, the extraction of geothermal energy in the U.S. remains tied to Nevada and California, where the heat is close enough to the surface and in stable enough formations that a drill can reach it without the heat dissipating quickly. This has caused investors to sour on companies like Ormat Technologies Inc. , that once made Reno a hotspot for renewable energy. In some ways, geothermal today is pretty boring, as with Ormat's Steamboat complex which provides Reno with base load power. Push water down one well, pull it up hot in another, run it through a turbine, extract the heat. Simple. Tu...

Full article: http://www.altenergystocks.com/archives/2011/06/when_will...

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