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 Pink Investments Article

Pink Investments articles are added from time to time to discuss various aspects of investing and the investment world. Click on Reports to get analysis on individual investments.

Geothermal Power

 [2010-08-18]

Geothermal Power

In simple terms, in a traditional geothermal plant, steam or superheated water from deep inside the Earth is used to drive a turbine and generate electricity.
Geothermal power could prove to be the cleanest, greenest and most abundance source of power of all. Geothermal is very sustainable, as demonstrated by one of the first modern sites that was established in Lardarello, Italy in 1904. That site is still producing power to this day! 

There has been a recent resurgence in interest in Geothermal power, as oil prices have risen and new sources of fossil fuels become harder to find.

Geothermal currently produces 65% more power in the US than solar and wind combined. Its true potential is only just starting to be tapped by a few innovative companies!

 
 


Disclaimer: All the information above is provided as a service for individuals and institutions. It should in no way be construed as a recommendation as an investment. Investment decisions should be based on the risk tolerance and planning horizon of the investor. Market participants must understand that past performance is also not a guarantee or predictor of future results.