It was only a matter of time before people started realizing geothermal energy is not just some cute geyser spouting heaps of water and steam from the earth at Yellowstone National Park. In reality, geothermal energy has the ability to provide a steady source of clean energy to America for the next 30,000 years. According to Energy Secretary Steven Chu, the amount of geothermal energy available to us is "effectively unlimited."
That's why the Department of Energy announced this week a $350 million loan guarantee to fund a geothermal project in Nevada that will help Ormat Technologies build three power plants totaling 121 MW. DOE also announced $70 million to support technologies that speed up geothermal energy generation across the United States.
Exciting times for geothermal energy, which along with algae fuel, is the most promising clean energy source to eventually replace coal, oil and gas.
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