Geothermal as a Growing Energy Source

geothermal energy source

Last year, U.S.-installed geothermal capacity grew by 147.05 megawatts, a 5 percent growth rate from the previous year.

Geothermal is a baseload, emissions-free energy source that continues to grow and develop in the renewable energy field.

In fact, between March 2012 and February 2013, seven U.S. geothermal projects came online. Last year, U.S.-installed geothermal capacity grew by 147.05 megawatts, a 5 percent growth rate.

The geothermal field is still growing though, and trying to gain traction compared to solar and wind. Unlike those types of renewable energy, geothermal runs 24/7 at 95 percent capacity factor, regardless of the weather, which makes it worth developing further.

Recent geothermal projects include a 49.9 megawatt (MW) plant in California, and a 30.1 MW hot spring in Oregon. Geothermal energy is often used to power commercial businesses and facilities.

Source: Green Tech Media

 

By Gaylen Davenport

This entry was posted in Blog, Green News, Renewable Energy and tagged , , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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