Association: U.S. Geothermal Power Growth Stalls

SUGAR LAND--February 26, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Geothermal power in the U.S. will not see a significant increase in capital projects without more favorable government policies and the renewal of a 30% tax credit, which is set for expiration in 2016, according to the Geothermal Energy Association (GEA) (Washington, D.C.). Growth in U.S. geothermal power has stalled due to a lack of power demand and power purchase agreements, as well as a dearth of investment incentives.

Within this article: Geothermal power development prospects for the U.S.