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US Geothermal Industry Grew 26% in 2009

April 14, 2010   |   6 Comments

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According to GEA, the projects under development will represent capital investment of more than US $35 billion when completed.
6 Reader Comments
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Comment
1 of 6
Anonymous
April 14, 2010
The title is vast hyperbole. Capacity additions in 2009 were 176 MW for a total capacity of 3087 MW. Most people would say that capacity grew 6% in 2009 and not claim an inflated value of 26% based on projects in progress that might never be completed. There has been nice progress in the pipeline of projects under development or permitting, but the industry is not growing at 26% annually.
Steven
Comment
2 of 6
Steven,

As a reader I appreciate comments like yours. Author's should be held to accurate statements.
Comment
3 of 6
April 16, 2010
Hyperbole is the GEA's major writing tool. The geothermal industry is in a giant investment bubble right now, and many of the projects pointed to by the GEA will certainly never happen, just as the first commenter has rightly noted. Why? Because the resource is simply not there, and what is there is subject to decline. If the industry's statistics were updated as to actual capacity and not just nameplate, it is doubtful that ANY growth would be measured.
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4 of 6
Anonymous
April 16, 2010
Shows the difference between a news story and a press release. This article may be on what is ostensibly a news site but I'm sure it started out as a press release, and reads like it got little editing, much less a rewrite by a reporter. (I say this as a 25-year journalist now in the renewable energy business.)
Comment
5 of 6
April 17, 2010
well ,in a very sceptical enviroment the article is clearly focussing in the positive developments in this new industry as oppossed to fossil fuel burning industry dominated media
It is a very dificult and unequal fight this days
Comment
6 of 6
April 22, 2010
To Jacob-rudisill; As you say, "and what is there is subject to decline." however the earths heat will be here longer than any earthly source you can imagine. If the geo-thermal industry were to get Mr. T. Boone Pickens involved in more deep wells, we would have heat sources for power for generations adinfinitum . As coal, oil and gas are presently evaluated, they will probably not be here for any real time duration. Ray Wallace
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