Global:

Report Sees Promise for Geothermal (InvestorIdeas.com - news release)

Although the global consumption and installed capacity of geothermal technologies has increased steadily since 2003, there was slower growth in 2011, according to new research conducted by the Worldwatch Institute for its Vital Signs Online service.

Global installed capacity of geothermal reached 11.2 GWe, slowing to below 1 percent for the first time since 2002.

"Despite the recent slowdown in growth, the overall market for geothermal power is increasing in part because it is not subject to the variability in generation that plagues other renewable energy sources such as wind and solar," said report author Evan Musolino, a research associate with the Worldwatch's Climate and Energy Program. "The greater reliability of geothermal can thus be harnessed to provide reliable baseload power."

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