Energy Current talks in a recent article about the growing interest in geothermal energy I”as governments and institutions seek to utilize geothermal and other forms of renewable energy to feed the current and forecast demand for energy.

While the global economic downturn has curtailed the ability for companies to finance geothermal projects, the push for renewable energy will likely keep interest in geothermal growing in the long-term, especially in the U.S., where development of alternative energy resources has become a focus of the federal government.

Earlier this year, President Barack Obama announced that US$467 million from the American Reinvestment and Recovery Act would be directed toward expanding and accelerating development, deployment, and use of geothermal and solar energy throughout the United States.”

“Geothermal development may be spurred on by its perceived environmental benefits compared to other forms of alternative energy. According to a study from New York University (NYU) Stern, geothermal and wind energy are more efficient, and are yielding greater returns on the research and development (R&D) invested in them, than most other renewable energy alternatives.”

The article continues to talk about research efforts, the rising interest in resource leasing, U.S. geothermal projects, the EGS project of AltaRock, Australian geothermal efforts and more.

For the full article see link below.

Source: Energy Current