However, that looks set to change with news that the US Department of Energy will fund geothermal projects in northwestern Nevada and southeast Oregon. With funds from the American Reinvestment and Recovery Act, the DOE has stated a 'conditional commitment' to provide a partial guarantee for a rumored $98.5 million loan to the Nevada Geothermal Power Company (NGP). According to US Senator Harry Reid, 'Northern Nevada is the Saudi Arabia of geothermal energy.'" - /.Also see
- Steven Chu - Commitment to Support Nevada Geothermal Development
- Just $3.3 billion* in R&D spending could propel geothermal energy to be the cheapest energy technology, even beating fossil fuels on a cost-per-kilowatt-hour basis
HAASE - Does the bankrupt state of California understand that they could purchase unlimited "dirt' cheap power from their neighbor and create millions of jobs with this? WHILE eliminating nearly all their debt in a few short years by walking away from the poor energy options bankrupting them?
