here's how geothermal energy will soon heat up wall street - energy storage solutions

NEW YORK (TheStreet)--
Geothermal power communities are not respected because solar and wind power tend to steal the eyes of the public when talking about renewable energy.
When I say I'm interested in geothermal, people tend to turn their eyes.
However, the fact remains that the Earth absorbs up to 50% of the sun's energy.
So, is it time to power your portfolio with geothermal energy?
I believe so, I will tell you which stocks to look at later.
For those unfamiliar with energy, a typical geothermal heat pump system benefits from a constant temperature between 50 and 60 degrees F, 10 feet of the Earth's surface, heating homes in winter, make hot water and generate electricity.
At the same time, the system can extract heat from the building and then pass it back to a relatively cool ground in the summer.
With more and more campaigns to adopt more sustainable energy solutions, investors may be interested to know that geothermal fields only produce one-
A clean natural carbon dioxide. gas-
Fuel power plants are produced and considered by the Environmental Protection Agency as the most effective, clean and economical power plants for temperature control.
The downside of geothermal power generation is the fear of unknown, unfounded concerns that will eventually cool some of the areas that have been excavated and trigger related to tapping these hot spots and releasing toxic liquidsi. e.
Hydrogen sulfide).
It's clear that the latter needs to do more research, but the good news is that more effective drilling techniques may soon ease these concerns in the US. S.
Attempts to further reduce reliance on fossil fuels.
This means that geothermal power is no longer considered an illegal step.
Children of renewable energy.
Compared with solar or wind farms and geothermal as the base of 24/7, the development of geothermal land covers a smaller area, which is supported
The load power supply, in many cases, generates heat from prehistoric times.
While I am a huge fan of wind and solar applications, they are intermittent and the energy storage solution is still a concern.
This makes me think there is room for geothermal to get into renewable conversations without having to rely on storage. Why now?
It is increasingly difficult to avoid the topic of climate change, so if it is difficult to ignore any greenhouse gas, then tap into an ongoing source of energy that will produce very little greenhouse gas, especially in the case of uncertainty about the fate of nuclear power in this country.
Thanks to the enhanced geothermal system (EGS)
Geothermal power generation is an engineering reservoir that maximizes the use of technology and may soon surpass the hot areas of the Western United States. S.
Especially since the United States. S.
The Geological Survey estimates that this huge, untapped geothermal resource is between 100 and 500 gigawatts, enough to power millions of American households.
Considering the increasing support for geothermal energy in the United StatesS.
Department of Energy (DOE)
So far, this resource may not be at its best in 2014.
As early as February, for example, the Department of Energy announced a breakthrough initiative to create a dedicated underground laboratory called the Geothermal Energy Research Frontier Observatory.
FORGE will focus on EGS, which is basically the next-
Power generation technologies, instruments and imaging technologies that are critical to helping geothermal become bigger
Scale, economically sustainable heat exchange system.
Doe has also been successful with financial support from the Oregon Institute of Technology, which is now using geothermal energy sources to heat the entire campus.
In addition, the top scientists commissioned by the Department of Energy revealed that using EGS in the existing hot water field can increase power by five to 10 gigawatts, and it is possible to increase more power.
That may be why DOE will announce a new $10 million financing opportunity announcement sometime this fall to further improve EGS.
So what stock benefits?
For industrial giant Ormat Technologies, the move to embrace geothermal energy faster can be huge (ORA -Get Report)
The company has geothermal projects in Nevada, Hawaii, California and Kenya, and has recently received a large supply contract in Indonesia.
Ormat, which held its annual general meeting in New York on May 8, has just confirmed that it is trying to sell 49% of its shares in the United States. S.
The move could further reduce the overall operating costs of the plant.
With so much positive momentum, geothermal, I think Ormat, which has a lot of geothermal intellectual property to prove that the power plant with low water consumption is looking to take advantage of its 30-
With many years of experience in this field, it is more about providing equipment and services to customers.
About 25% of the revenue currently comes from this segment, but I believe it may be the driving force for the company's growth.
More speculation includes the United States. S. Geothermal (HTM)
, Alterra Power (MGMXF)and Ram Power (RAMPF).
So just as pork is billed as "another piece of white meat", geothermal power generation is really another renewable source of energy that investors should start to respect.
Perhaps the real joke is that we don't get better energy efficiency faster through geothermal heat pumps.
I hope the Department of Energy's recent support will help change that perception.
At the time of publication, the author had no position on any of the above shares.
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