The Great Forgotten Energy Source: Geothermal
With climate concerns, oil prices, and energy security now on everyone’s mind, the tide seems to be turning again in favor of geothermal energy in this country. The 2007 Energy Act authorized the DOE to spend $95 million for geothermal research (although Congress has appropriated only a fraction of that so far). Unfortunately, the Energy Act failed to extend tax credits for renewable energy producers, which are crucial, MIT’s Tester says, given the initial costs of finding geothermal resources and setting up plants. read article