Geothermal Energy Industry News

Geothermal power is cost effective, reliable, sustainable, and environmentally friendly, but geothermal energy utilization has traditionally been very site specific, concentrated in volcanically active regions of the world. Recent technological developments like enhanced geothermal systems (EGS) could however widen the scope of the sector and make geothermal energy one of the major sources of energy in the 21st century, especially for applications such as home heating, opening a potential for widespread exploitation.

Geothermal development is a very complicated process requiring a broad range of skills and specialized services. It is also a relatively small sector with knowledge and experience concentrated in a small number of companies around the world. Increased government support and an emphasis on clean energy, has seen new players emerge on the scene to compete with established geothermal developers.

A package solution is currently under consideration for the construction of a geothermal power plant in Armenia with the participation of a single investor at the Jermaghbyur and Karkar plants, Armenian Deputy Energy Minister Hayk Harutyunyan said on Tuesday during the meeting in the Ministry of Energy and Natural Resources of Armenia with the participation of the Prime Minister Karen Karapetyan.

The steady growth of geothermal power in Turkey in recent years has placed the country in the top four among countries with the largest installed capacity in the world, as the country currently has a geothermal power capacity of 1,100 MW

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