Q&A: Vulcan Power’s CEO on the Potential of Geothermal
source: http://earth2tech.com/2010/02/05/qa-vulcan-powers-ceo-on-the-potential-of-geothermal/
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At times it’s seemed like geothermal power is the Rodney Dangerfield of clean energy – it’s gotten little respect compared with glitzier cousins like solar and wind. But that image is changing as more investment flows into the industry and new technologies make tapping the heat below the earth’s surface cheaper and more accessible. According to the Geothermal Energy Association there are 144 new U.S. geothermal plants under development, which could add seven gigawatts of new baseload power, and enhanced geothermal systems, a field of promising new technologies, could increase the U.S. geothermal generation capacity 40 fold, according to the Department of Energy.
We sat down with Robert Warburton, acting chief executive officer of Vulcan Power Company, to get his outlook for the industry. The Bend, Or.-based geothermal project developer, which announced earlier this week that it raised $108 million in private equity investment, has some 170,000 acres of geothermal properties in four Western states including California and Nevada. Vulcan is currently developing geothermal plants totaling 300 MW of power, and it has signed 180 MW of long-term power purchase agreements with utilities, with another 120 MW currently under negotiation.
http://earth2tech.com/2010/02/05/qa-vulcan-powers-ceo-on-the-potential-of-geothe...
We sat down with Robert Warburton, acting chief executive officer of Vulcan Power Company, to get his outlook for the industry. The Bend, Or.-based geothermal project developer, which announced earlier this week that it raised $108 million in private equity investment, has some 170,000 acres of geothermal properties in four Western states including California and Nevada. Vulcan is currently developing geothermal plants totaling 300 MW of power, and it has signed 180 MW of long-term power purchase agreements with utilities, with another 120 MW currently under negotiation.
http://earth2tech.com/2010/02/05/qa-vulcan-powers-ceo-on-the-potential-of-geothe...
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