Dive Summary:
- While thriving in other western states, geothermal development has stalled in California due to a lack of reliable transmission and recent investments in renewable sources.
- Geothermal experts say that the technique’s lost cost and high reliability is favorable when compared to solar and wind power.
- In order to increase geothermal development growth, those in favor must instill confidence in investors and prove that geothermal rates will remain economical over the next decade.
From the article:
Geothermal development in California may have slowed in recent years, but its low cost and high reliability in comparison with solar and wind power should spark future growth, according to a panel of geothermal experts.
Geothermal has thrived in other western U.S. states, but development has been hindered in California due to a lack of purchase power agreements, a lack of reliable transmission and a recent investment boom in solar and other renewable sources. ...
