Wednesday, January 31, 2007

GEA: Nevada Boosts Geothermal Output

From the Geothermal Energy Association (GEA)...

"Nevada is now on-track to be producing over 1000 MW of geothermal power, quadrupling its current geothermal output -- over the next 3 to 5 years. This level of geothermal production would meet roughly 25% of the state's total power needs."

What has facilitated this surge in geothermal developement? The report cites four factors: (RPS) Renewable Portfolio Standard in the state of Nevada, (PTC) Federal Production Tax Credits, (BLM) Bureau of Land Management administration of leases, and (DOE) Dept. of Energy technical assistance and cost-shared drilling.