Geothermal industry faces challenges as exploration widens

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June
13

John Seelmeyer, 6/13/2011

Early developers of geothermal resources in Nevada headed for obvious locations — the sorts of places where steam rose from cracks in the ground — to build electric generation plants.

As those sites are developed, however, the geothermal industry now looks farther afield for prospects — a search that is substantially more expensive and risk-filled. The stakes are big.

The Nevada Bureau of Mines and Geology estimates that geothermal production revenues could total $1 billion a year in Nevada in the next couple of decades, and geothermal resources could meet 35 percent or more of the state’s needs for electricity.

Read More- Northern Nevada Business Weekly

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