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