News
Nov 05, 2008Los Angeles Times: “Utilities putting new energy into geothermal sources”
Marla Dickerson from the Los Angeles Times looks into the California geothermal energy market. The California geothermal potential is the largest in the world, and while the residents want renewable energy, geothermal is still not fully understood.
Geothermal energy may be the most prolific renewable fuel source that most people have never heard of. Although the supply is virtually limitless, the massive upfront costs required to extract it have long rendered geothermal a novelty. But that’s changing fast as this old-line industry buzzes with activity after decades of stagnation.
Billionaire Warren E. Buffett has invested big. Internet giant Google Inc. is bankrolling advanced research. Entrepreneurs are paying record prices for drilling leases in places such as Nevada, where they’re prospecting for heat instead of metals.
To read the full article: LA Times: California and Geothermal
