Geothermal energy is classified as a renewable source of electricity, and is considered to be a clean, environmentally friendly, sustainable method of power generation. As of August of this year, nearly 4,000 MW of new geothermal power plant capacity was under development in the United States.
Geothermal energy offers several benefits. A geothermal power plant does not burn fuel, and energy production is clean and renewable. Because it is a base load source, geothermal plants are able to run 24 hours a day, every day with no emissions. With rising demand for energy and a need to develop domestic resources of energy, geothermal is rapidly growing into a $1.5 billion per year industry.
One of the companies working to develop geothermal energy resources for electrical power and direct uses is US Geothermal, Inc. The company is led by CEO and President Daniel Krunz who has more than three decades of experience in all areas of engineering, management, accounting, finance and operations. Previously he held positions in Ivanhoe Mines (President), MK Gold Company (President & CEO) and Morrison Knudsen Corporation (Vice President & Controller, and as CFO to the Mining Group).
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