Monday, April 6, 2015

USA:

Are Geothermal Power Plants the Sustainable Mines of the Future? (Corporate Knights)

Geothermal developers often struggle to make their projects economically viable, while mining companies are finding it increasingly difficult to get social license for new projects.

Given these two market challenges, the U.S. Department of Energy (DOE) is taking a closer look at the idea of recovering minerals from the hot brines that geothermal power plants pump out of the ground. These mineral-rich fluids contain a variety of rare earth elements and other valuable metals, but at conventional geothermal plants the only thing that gets extracted today is the heat.

A wasted opportunity? That’s what the DOE thinks. Last summer, the department committed more than $4 million to nine geothermal projects aimed at recovering both heat and minerals from brines. Work on those projects started in October, with results expected by fall 2016 or earlier.

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