20 Feb '12, 10pm

10 Reasons to Support Geothermal Energy: Filed under: Energy News

10 Reasons to Support Geothermal Energy: Filed under: Energy News

Geothermal projects produce energy for decades at stable, affordable prices. Viewed in terms of life-cycle costs, geothermal power is economically attractive, providing the lowest cost renewable power and providing long-term fixed power prices. This also reduces price volatility, helping to avoid price spikes and energy crises, which can impose severe economic penalties on business and local communities. Also, in some localities, development of geothermal energy can free up more portable and valuable resources for higher-markup export to other markets or overseas. For example, there is no global commodity market for the hot brine used for geothermal energy production, so its use can allow a locality or national economy to export portable energy fuels – gas, oil, coal, biomass – that are readily marketable elsewhere. It also works in reverse: intensive use of geothermal ene...

Full article: http://cleantechnica.com/2012/02/20/geothermal-energy-adv...

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