Nevada to Become Hotbed for Geothermal Power Generation

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Researched by Industrial Info Resources (Sugar Land, Texas)--Geothermal power in Nevada is expected to grow 270% over the next five years at a cost of about $1 billion. The state has about 300 megawatts of geothermal power from 51 units at nine operating plants. Plans call for unit additions at three sites and 13 grassroot locations. Two of the primary developers are Nevada Geothermal Incorporated (Vancouver, British Columbia) and Ormat Technologies Incorporated (NYSE:ORA) (Reno, Nevada).

Geothermal power generation is the harnessing of heat from beneath the surface. Geothermal power is considered a renewable resource because the water that conducts heat energy can be returned underground to be reheated.

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