Geothermal Energy Gets New Steam

Joanna Schroeder

GeothermalPlantGeothermal energy is potentially the largest—and presently the most misunderstood—source of energy in the United States and the world today,” writes Al Gore in his new book, “Our Choice, A Plan to Solve the Climate Crisis.”

According to the most recent draft of the National Geothermal Action Plan, geothermal resources could account for 100,000 MWe of base load electric generating capacity by 2050. The catch—the government and private investors must support the growth of the industry. This increased attention for geothermal power now offers new investment and exploration opportunities that will be discussed during the GeoPower Americas 2010 national conference in San Francisco, Cali. on February 16-17.

geopoweramericas“Geothermal energy is often left off the table when discussing key alternatives to fossil fuel based energy,” said Sarah Ellis, Managing Director, Green Power Conferences. “What the experts don’t understand is that geothermal could, if properly developed and funded, provide enough energy to offset fossil fuel use.”

Partho Sanyal, Director of Energy & Power Investment Banking with Bank of America Merrill Lynch, will be speaking to industry experts during the GeoPower Americas conference. “2010 will likely follow the momentum gained in 2009 in the U.S. geothermal sector. Industry players are looking to either jump start stalled projects from the credit crisis or reexamine strategic alternatives. The market seems to be rewarding players with scale, proven reserves and the ability to fund development,” said Sanyal.

Additional speakers include the keynote address from the U.S. Department of Energy; Dian M. Grueneich, California Public Utilities Commission; Charles Visser, NREL; Charles Baron,; Elaine Sison-Lebrilla, Sacramento Municipal Utility District; Curt Robinson, Geothermal Resources Council; and more.

For a full list of speakers and to register, visit Enter code 4RC-203 for 20 percent off the current registration rate.

conferences, Geothermal