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Geothermal energy picks up globally, slows down in the U.S.

Posted by Industry News on Feb 19, 2014

A look at the geothermal industry in 2014 shows an increase in the use of geothermal energy globally and a slowdown in growth in the US. This is forcing US companies to take projects overseas. Top players to look out for in 2014 include East Africa, Central America and Indonesia as several financing agencies have announced initiatives to spur growth in these parts of the world. According to Karl Gawell of the Geothermal Energy Association, one of the main issues in the US is the inability of Congress to decide on long term meaningful legislation. Read more here.