Oil, coal and natural gas are powerless compared to geothermal energy

Geothermal energy isn’t a new concept. The first geothermal plant was built in 1904 in Larderello, Italy; it is a “steam field” that continues to produce energy today.

Generations have tapped into geothermal energy on a smaller scale. Spend some time in Japan and you’ll see how Japanese have incorporated hot springs, a byproduct of geothermal heat, into their culture. Many cultures around the world have been using hot springs for cooking and medicinal purposes for thousands of years.

But today, geothermal heat is big business because it can help reduce dependency on fossil fuels, while providing a reliable and long-lasting energy source.
Geothermal’s Potential Astronomical

The following table by Geothermal Energy Association (GEA) is eye opening. The four types of geothermal energy: magmatic systems, crest heat, thermal aquifers and geo-pressured basins, collectively, in billions of barrel oil equivalent (bbl), have the potential to provide roughly 16,000 times the amount of energy of all proven crude oil, heavy oil, tar sands, and oil shale combined.

World Geothermal Power Production

The United States leads the world in global geothermal power production at 3,100 MW, representing about 3% of total energy output, followed by the Philippines at 2,000 MW, Indonesia at 1,200 MW and Mexico at 1,000 MW; but geothermal opportunities exist on every continent and nearly in every country. One thousand MW is enough to provide electricity for 1 million people annually.

But according to the Geothermal Energy Association (GEA) the biggest opportunities to participate in geothermal projects and growth lie outside the United States. For the United States to maintain its leadership internationally it needs to leverage its experience and expertise and continue to push the technology envelope. Opportunities to transfer technology and train foreign geothermal plant operators are plentiful and ripe.

Click here for the complete article on industrytap.com

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.