US geothermal industry celebrates growth in 2011
Washington, USA – The US geothermal industry has kept growing in 2011, adding approximately 91 Megawatt (MW) of newly installed capacity.
This is the result of the latest annual update on the geothermal industry from the Geothermal Energy Association (GEA). With nearly 3,200 MW of installed capacity, the USA would outpace every other country in the world, says the GEA. Among the US states, California would rank highest concerning the total installed capacity with 2,615 MW online. Thanks to new technologies allowing to produce power from lower temperature systems, the geothermal industry has also conquered other US states as to GEA.
Ongoing growth: further 100 MW in 2012
GEA Executive Director Karl Gawell stressed the importance of political support for the success of geothermal energy. However, he admonished that the expiry of federal tax credits at the end of 2013 would be a factor causing insecurity and claimed stable tax credit policies. Anyway, Gawell is optimistic about the sector’s future: “In 2012, another 100 MW of capacity is expected to come online representing nearly one billion dollars of investment in the clean energy economy.” As to GEA, US geothermal companies are engaging increasingly in the world market, exporting more than they are importing.