June 27, 2008

Volcanoes could produce 25% of US energy

Filed under: tech, earth - alexei @ 1:00 am

According to Karl Gawell, executive director of the Geothermal Energy Association (GEA), "High prices and climate change are definitely creating a renaissance in geothermal interest, particularly on a state and local level." So, to further geothermal research, Alaska’s Division of Oil and Gas plans to lease out its Mount Spurr (a 2 mile tall, snowcapped volcano near Anchorage, which erupted in 1992 covering much of the city in ash) to energy companies who would search for ways to harness the mountain’s power. A wise move on both parts, as geothermal projects are eligible for numerous tax benefits, with many already in effect in most Western States and on the coast between Texas and Florida. Gawell: "If we really want to go all out for it, we could easily achieve a substantial amount, 20, 25 per cent of US energy needs within a few decades. We’re limited more by public policy than the resource - the resource is enormous." Though mentioned recently by Sen. Barack Obama, geothermal energy has had little play in the alternative energy debate. Nonetheless, the GEA estmates that by 2010, the number of countries producing geothermal energy will double to 46.

Harness volcanoe power, energy experts say, Telegraph.Co.Uk

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