In the Push for Alternative Energy, What Happened to Geothermal?
Despite its promise, geothermal energy struggled for funding until the recent boom in oil prices
Reader Comments
Tax Credits
I think it is fantastic how the stimulus funds are making a difference. They are being taken advantage of all the time with the installation of geothermal heat pumps to replace high energy heating and cooling systems. Here is a page that has goverment rebate website links http://geothermalexperts.net/residential_rebates.html
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What happened to Geothermal?
Geothermal represents the potential greatest source for renewable energy. Recent advances in fracturing techniques and horizontal drilling overcome many of the limitations of the drilling problem. In western Oklahoma, natural gas wells are routinely drilled to depths of 25 to 30 thousand feet. The deepest is about 37,000ft. An attempt at 50,000ft. was attempted in the 1970's but abandoned when the price of natural gas failed. California currently produces approximately 5% of its electrical power generation from geothermal, outproducing wind and solar combined. That amount is set to double in a couple of years. Geothermal not only is baseline load but has the smallest footprint of any power source including nuclear. Of course, since California would be the major recipient of any advances in geothermal, the Republican Congress and Bush administration nixed it all.
