Geothermal Energy Growth Continues, Industry
Aug 7, 2008 - RenewableEnergyWorld.com
Washington, DC - A survey released by the
Geothermal Energy Association (GEA) shows continued growth
in the number of new geothermal power projects under development
in the United States, a 20% increase since January of this
year. The report identified 103 projects underway in Alaska,
Arizona, California, Colorado, Florida, Hawaii, Idaho, New
Mexico, Nevada, Oregon, Utah, Washington, and Wyoming. When
developed, these projects could provide nearly 4,000 MW
of new electric power, enough electricity to meet the needs
of roughly 4 million homes.
"These new projects will result in the infusion
of roughly $15 billion in capital investment in the western
states and will create 7,000 permanent jobs and more than
25,000 person-years of construction and manufacturing employment,"
says Karl Gawell, Executive Director of the Geothermal Energy
|“The surge in new geothermal power
development continues,” said Karl Gawell, GEA’s Executive
Director. In January of 2008, GEA released a survey
which identified 86 new projects with a potential of
3,368 MW. The new report identified 103 projects, which
when completed could have up to 3,979 MW of power capacity.
Also, two projects listed as under development in the
January survey have since come on-line.
Current geothermal capacity on-line is 2,957
MW according to the report, and with the new additions geothermal
power could reach nearly 7,000 MW. Given the high reliability
and capacity factors for geothermal power, this would meet
the household electricity needs of the cities of Los Angeles,
Phoenix, San Francisco, and Seattle combined.