Opinion: Geothermal Energy Is Gaining Steam in My Portfolio (The Motley Fool)
Renewable resources are continually gaining traction both in labs and within investors' portfolios. Which renewable source emerges the victor has yet to be seen. In my case, I have chosen to place my first bet on the effect that geothermal energy could have on the world. Here is an energy bestowed upon us from the belly of Mother Earth that can be harnessed in the form of steam after drilling several miles below the surface.
What makes this more unique than solar or wind? Well for one, the consistency in which power can be generated from a geothermal plant ranks leaps and bounds ahead of the other two which are largely dependent on the time of day, weather, etc. Therefore, geothermal power can be relied upon as a base-load source much like nuclear and coal plants are now. Add in the fact that it has a comparable levelized cost to that of natural gas facilities while beating out all other renewable sources other than wind, and geothermal appears to be an ideal choice to build the energy infrastructure of the future around.
Read More.....
