U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon. The company strives to create enhanced value for stakeholders while addressing America’s domestic energy needs and promoting a clean environment.
Geothermal energy is energy recovered from the heat of the earth’s interior. Geothermal heat can appear in the form of volcanoes, hot springs and geysers. Classified as a renewable source of electricity, Geothermal energy is an established method of electrical power generation with 2,000 megawatts (MW) of installed capacity in the Western United States.
There are many benefits to utilizing geothermal energy. A geothermal power plant does not burn fuel; energy production is clean, and renewable. It is also a base load source; as a result, geothermal plants are designed to run 24 hours a day, every day with no emissions. With the U.S. market demand for electricity rising, geothermal energy is rapidly growing into a $1.5 billion per year industry.
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