North of the Hot Zone

Glitnir, an Icelandic Company, has been bold and singular in its new strategy to aggressively pursue the U.S. geothermal market. 

Glitnir projects an annual U.S. geothermal electricity market of $11 billion by 2025, from about $1.8 billion now, with geothermal potentially providing up to 20% of California’s electricity needs, 60% of Nevada’s and 30% of Hawaii’s.

The industry is expected to draw about $40 billion in financing over the next 18 years.

The link to the article is here.

Tags: Market, National //