A Clean Energy Resource Too Large to be Ignored — Geothermal Power Gains Steam
Geothermal power’s been something of an orphan when it comes to the drive to transition from fossil fuel to clean, renewable energy economies. That’s despite the release of recent studies showing that the US, Canada, New Zealand and Australia — Western Australia in particular — have geothermal resources that dwarf their energy needs, and despite the fact that it’s a proven, time-tested, economic source of clean, reliable baseload power. That’s not to say that there aren’t places around the world where geothermal power project exploration and development isn’t ramping up at a fast pace. Boise, Idaho; Reno, Nevada; Reykjavik, Iceland; the UAE’s Masdar City; and Perth, Australia stand out when it comes to tapping into and harnessing earth’s geothermal resources, according to a Global Innovation Series post on Mashable Tech.
Globally, activity in the geothermal power sector recovered somewhat in 2010 following a weak 2009, as overall investment increased, according to NRG Expert’s 2011 Geothermal Report. At the national level, Kenya, Iceland, Mexico and countries in South America — where new exploration concessions have been awarded in Argentina, Chile, Colombia and Peru — will see high rates of growth in geothermal power development, according to NRG’s research. Activity in the geothermal power sector is also gaining steam in Western Australia and New Zealand, as well as in Japan, the Philippines and Indonesia.
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