Geothermal has surpassed wind as the most efficient energy source, finds a recent NYU report. With 144 new geothermal projects underway, the technology is experiencing a 50% increase in projects and doubling of production doubling in just two years. Currently 14 states have geothermal projects underway, with California and Nevada topping out the list. This is great news as states grapple with a looming energy crisis. These new projects will add the needed energy as well as competition for further growth and efficiency.
Research Associate Dan Jennejohn of Geothermal Energy Association said despite the sector’s growth, there’s been a decline in projects in phase four, or under construction. He attributed this to difficulty obtaining financing because of the recession and also receiving final permits.
Tags: california, energy, environment, geothermal, nevada