Geothermal: Out from under a rock
June 27, 2007CNN Money
NEW YORK (CNNMoney.com) - Old Faithful and expensive contraptions in the basement that never really worked - that's what many people think of when they think geothermal energy.
But thanks to advances in technology, a better political climate and rising electricity prices, geothermal is quickly losing its status as renewable energy's most unloved sector. In fact, investment in the sector jumped nearly fourfold over the last two years, to about $100 million last year.
"This resource is available, and it could develop to 30 times what is currently used," said Curt Robinson, executive director of the Geothermal Resources Council, an educational and professional organization.
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