A renewable industry investment executive told geothermal industry leaders in Las Vegas Monday (Sept. 30) that slow growth and unfair renewable tax incentives threatened the future of geothermal power.
While the solar power sector is growing rapidly, the geothermal energy industry is “struggling to stay relevant,” Gregg Rotenberg, vice president of Chevron Renewable Energy Investment, told attendees at the Opening Session of the Geothermal Resources Council (GRC) Annual Meeting.
He compared the solar industry to a Tesla electric car but said geothermal looks “more like a horse and buggy.”