US Geothermal Industry Grew 26% in 2009
April 14, 2010
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Washington, D.C., United States [RenewableEnergyWorld.com] The U.S. geothermal power industry continued strong growth in 2009, according to a new report by the Geothermal Energy Association (GEA). The April 2010 U.S. Geothermal Power Production and Development Update showed 26% growth in new projects under development in the United States in the past year, with 188 projects underway in 15 states which could produce as much as 7,875 megawatts (MW) of new electric power.
According to GEA, the projects under development will represent capital investment of more than US $35 billion when completed.
"Geothermal power can be a critical part of the answer to global warming," said Karl Gawell GEA's executive director. "For example, California could achieve its 2020 goal for global warming emissions reductions just by keeping energy demand level and replacing its coal-fired generation with geothermal," he asserted. Together, the direct, indirect and induced employment created by these projects is estimated by GEA to be 29,750 permanent jobs and 112,000 person-years of construction and manufacturing employment. According to GEA, the projects under development will represent capital investment of more than US $35 billion when completed. Four of the top five states with geothermal power under development have substantial renewable standards. Those states in order of geothermal development and their state renewable requirement are listed below.
In addition to large utility scale power projects, the survey continued to show expanding interest in power systems under 1-MW with projects in Mississippi, Louisiana, Texas, Oregon and Wyoming.
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