U.S. Geothermal Power Poised to Double

March 14, 2006

WASHINGTON, Mar 14, 2006 -- U.S. Newswire

A new survey shows a major surge in developing geothermal power projects in the U.S. Some 45 projects are underway that could nearly double U.S. geothermal power output according to the Geothermal Energy Association (GEA) -- the industry trade group. The U.S. had 2,828 MW of geothermal power capacity on-line in 2005.

The survey identified new power projects in Alaska, Arizona, California, Hawaii, Idaho, New Mexico, Nevada, Oregon and Utah. These projects, when developed, would provide between 1,817.9 MW and 2094.9MW of new electric power for the grid. This would be enough electricity to meet the needs of cities the size of Albuquerque, Las Vegas, Sacramento and Seattle combined, GEA noted.

"New federal and state initiatives to promote geothermal energy are paying off," commented Karl Gawell, GEA's Executive Director. "State renewable standards coupled with the federal production tax credit are creating a renaissance in US geothermal power production," he added.

The full text of the 2006 Update on US Geothermal Power Production and Development is being made available on the GEA web site at: http://www.geo-energy.org/publications/reports.asp. The document reviews the status of installed power generation and new activity across the U.S. It also provides an update of federal government programs and incentives, and a summary table of projects under development.

Full story available at: http://www.usnewswire.com