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Oct 25, 2008

Geothermal Potential Report

The following is the Glitnir U.S. Geothermal Energy Market Report 2008. This is the second annual U.S. geothermal report from Glitnir.

The overall development of geothermal energy is very positive in the US. The installed geothermal power generation capacity has increased by 4% to 2,958 MW. The overall number of projects has increased and projects currently underway would expand installed capacity in the U.S. by a 100-130% in the years to come.

Compared to last year the industry is better positioned and availability of drilling rigs has improved. The joint efforts of the Bureau of Land Management (BLM) and the U.S. Forestry Service to speed up the process for leasing geothermal resources on lands they manage will also have a significant impact on the industry.

To download the report: Glitnir - U.S. Geothermal Potential

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