Tuesday, January 21, 2014

Technology:

Geothermal Can Be A Core Energy Source (The Motley Fool)

Are We Giving This Renewable Energy Source Enough Credit?




If we see greater efficiencies with EGS, I actually believe we'll see increased use of geothermal energy throughout the country rather than primarily in the western U.S. states, which have bigger geothermal resources according to the DOE. Thus EGS could have global implications, especially for large-scale projects and geothermal-based cogeneration plants that can provide heat and electricity. In fact, a 2007 MIT study argued that EGS could provide up to 10% of the country's energy needs by 2050. That makes geothermal a hot energy topic.

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