Geothermal News
U.S. EGS Project Adds 1.7 MW Grid-Connected Output
One of the first enhanced geothermal systems (EGS) was connected to the U.S. electric grid this April, marking a major milestone for the fledgling technology that seeks to tap the enormous terrestrial heat potential deep within Earth’s crust using directional drilling and pressurized water....
Hearing Panelists Assess Grid Reliability Challenges Posed by Nat. Gas, Renewables
Panelists at a House hearing today refuted varied claims concerning if and how increased natural gas and renewables generation pose widespread challenges to the reliability of the electric grid. Some pointed to ineffective rules in the restructured wholesale power market and the failure of conventional power plants as being more of a threat to grid reliability....
Report: Global Renewable Investments in 2012 Tumble 11% as Market Shifts from West to East
Public and private investment in solar, wind, and other renewables worldwide declined 11% in 2012 from an adjusted 2011 record of $302 billion, a new survey from Pew Charitable Trusts shows. Yet the global renewable sector still registered a record 88 GW of new nameplate capacity last year, and China reclaimed the lead in global renewables investments from the U.S., it says....
Lawmakers Push for Financing Parity for Renewable Projects
Bipartisan legislation introduced on Wednesday by a bicameral group of lawmakers seeks to give renewable energy project investors access to an existing corporate structure whose tax benefits are now only available to investors in fossil fuel–based energy projects....
