Tag Archives: geothermal

Geothermal Saves $117 Million Per Year

California and Nevada are saving $118 million per year in generating geothermal energy. According to a new study by the Geothermal Energy Association, the reduction of pollutants leads to cost savings external to market considerations.

In the U.S., California leads the way in installed geothermal capacity with 2732.2 megawatts, and gets $87.5 million per year in externality benefits. Nevada comes in second with 517.5 megawatts, and $29.1 million in annual externality benefits.

Geothermal plants have a lower average life cycle emission rate than other power sources, making it come ahead of coal, natural gas, and nuclear plants.

Source: Green Tech Media

 

By Gaylen Davenport

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

Last updated by at .