Geothermal power has been part of the electricity grid for decades on Hawai‘i Island. In Japan, development of geothermal has been slow—but a recent move might speed things up. Hawaii Public Radio’s Bill Dorman explains in today’s Asia Minute.
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Tokio Marine and Nichido Fire Insurance is now selling insurance to operators of geothermal plants that would pay for a technical survey to determine if a plant has any impact on a nearby hot spring. Up to now, the operators of the hot springs have been on the hook for those studies…which can top a quarter of a million dollars.
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