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The first geothermal area to be exploited for commercial electricity generation was The Geysers, a complex of 22 geothermal power stations located in Sonoma and Lake counties of California, which was commissioned in September 1960. [1]
With 3,900 MW of installed geothermal capacity as of 2023, the US remains the world leader with about 25% of the online capacity total. [19] The future outlook for expanded production from conventional and enhanced geothermal systems is positive as new technologies promise increased growth in locations previously not considered. [10]
Commercial systems maintenance costs in the US have historically been between $0.11 to $0.22 per m 2 per year in 1996 dollars, much less than the average $0.54 per m 2 per year for conventional HVAC systems. [6] Governments that promote renewable energy will likely offer incentives for the consumer (residential), or industrial markets.
Geothermal units are being built at Louisville's Norton Commons. A series of loops are used -- digging down around 350 feet -- for an alternative to traditional HVAC systems.
Two bills making it easier to tap the Earth’s heat for on-demand clean power have passed the House. The CLEAN Act and HEATS Act remove many of the federal permitting regulations currently ...
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As of 2007 plant construction and well drilling cost about €2–5 million per MW of electrical capacity, while the break-even price was 0.04–0.10 € per kW·h. [10] Enhanced geothermal systems tend to be on the high side of these ranges, with capital costs above $4 million per MW and break-even above $0.054 per kW·h. [42]
Geothermal energy is a type of renewable energy that encourages conservation of natural resources. According to the US Environmental Protection Agency, geo-exchange systems save homeowners 30–70 percent in heating costs, and 20–50 percent in cooling costs, compared to conventional systems. [29]
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