http://www.renewableaccess.com/rea/news/story?id=50159Geothermal is the most reliable form of renewable baseload power and given the proper financial support from the private sector -- and favorable policies from government -- it will become a viable alternative to coal, natural gas and nuclear, according to speakers at the Geothermal Resource Council's annual meeting in Reno, Nevada earlier this week.
<snip>
According to a recent report from MIT, "a cumulative capacity of more than 100,000 MW from enhanced geothermal systems (EGS) can be achieved in the United States within 50 years with a modest, multiyear federal investment for R&D in several field projects in the United States." Currently only 3,000 MW—or 3% of that potential—is installed in the U.S.
In May 2007, the GEA issued a report that identified 74 new geothermal power projects in Alaska, Arizona, California, Hawaii, Idaho, New Mexico, Nevada, Oregon, Texas, Utah, Washington and Wyoming. According to the GEA, these projects will double U.S. geothermal power capacity to almost 6,000 MW.
Another report on the international market, which the GEA released in April, identified 40 countries with geothermal power development underway-and projected a 50% growth in power production worldwide by
2010.
<more>