Archive for Geothermal Energy

US Energy Department Offers $10 Million For Enhanced Geothermal Systems Development

The US Energy Department has recently announced $10 million to improve subsurface characterization for enhanced geothermal systems (EGS) by developing state-of-the-art methods that quantify critical underground reservoir properties as they change over time. New methods to access engineered reservoirs will speed the deployment of this

Reykjavik Geothermal To Develop 1,000 Megawatts Of Projects In Ethiopia

Source: Bloomberg News Reykjavik Geothermal, the Icelandic company which already has constructed power plants in more than 30 countries, has recently agreed to develop around 1,000 megawatts of projects in Ethiopia over the next 10 years. The company expects to spend a total of $4

Japan To Build 21 Geothermal Power Plants After Fukushima Incident In 2011

Japan is planning to construct at least 21 geothermal projects as it searches for alternative energy sources after the 2011 Fukushima nuclear accident, according to data compiled by the Ministry of Economy, Trade and Industry. Incentives for clean energy, including above-market rates for power derived

US Geothermal Industry Statistics

Installed geothermal power capacity grew by 5% or 147.05MW in the United States since GEA’s last survey in March 2012.  Seven geothermal projects became operational in 2012, including the first coproduction plant. Additionally, the first hybrid solar-geothermal plant went online this year, although no new

Geothermal Energy Market In Europe Grows Despite The Financial Crisis

This week high-level experts from industry, research and the public sector gathered in Budapest for the 4th annual GeoPower Europe conference to discuss key aspects of the geothermal market in Europe. Delegates noted the high number of projects which continue to be developed in spite

Deep Geothermal Energy Drawing More And More Interest

Several European countries where geothermal energy is not a traditional energy source are now looking seriously at heat from deep within the earth, notes the European Geothermal Energy Council (EGEC). In the UK, a new all-party parliamentary group aims to give “deep geothermal” the kind

Advantages And Disadvantages Of Geothermal Energy

Advantages of using geothermal energy It’s free once built. It is renewable (i.e. it won’t run out). It does not take up very much land, and does not spoil the landscape.  Disadvantages of using geothermal energy High Installation Costs Some geothermal sites may ‘run out