Geothermal energy projects are thriving in the US because of government support. This augmentation will further assist the country in satisfying the increasing energy requirements.
The Geothermal Energy Association (GEA) revealed the increased number of geothermal power projects in various states of the US, as reflected by survey conducted in January 2008, as reported by Interest Alerts.
Almost 86 new geothermal power plants are coming up in 12 US states, including Alaska, Wyoming, Arizona, Washington, California, Utah, Hawaii, Texas, Idaho, Oregon, New Mexico, and Nevada.
As per the GEA, from November 2006, there has been a rise of 35 projects in three new states. Once completed, these projects have capacity to supply about 3368MW of electrical power, doubling the US geothermal energy to 6304 MW from 2936 MW, which can meet the electricity requirement of six million houses overall.
The US is giving utmost significance to these geothermal energy projects as it wants to encourage renewable sources of clean, sustainable and domestic energy. The rapid development of geothermal energy as a sustainable and renewable energy source ensures its evolvement as a crucial source of energy in coming years.
Moreover, as the source of heat is the earth core, the production is expected to grow increasingly and utilize the benefits offered by the source. Earth core is anticipated to retain its heat for coming billions of years, leading to a boundless source of energy, thereby ensuring and encouraging the existence and continuity of geothermal energy projects.
Various federal and states of the US have also realized the importance of geothermal energy and hence they are also encouraging these projects by means of giving tax benefits, formulating favorable standards on production of geothermal energy, and eliminating trade barriers. This initiative by the government is revitalizing the geothermal energy projects and pushing them to grow further.
According to a Research Analyst at RNCOS, “the US government support is enabling its geothermal energy industry to grow and develop at moderate pace. Geothermal energy growth will benefit the country in multiple ways, like it will pave the way for production and consumption of clean and renewable energy which will also assist in fighting against global warming and will aid in fulfilling the growing power demands of the US.”
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