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U.S. LEADS WORLD IN GEOTHERMAL ENERGY CAPACITY

Tuesday, May 1, 2007 - 7:00AM

The United States continues to be the world leader in online capacity of geothermal energy and the generation of electric power from geothermal energy, according to a report released today by the U.S. Geothermal Energy Association (GEA) assessing the progress in worldwide geothermal development since 2005. The report, "Update on World Geothermal Development," credits federal tax incentives enacted by Congress in 2005 (the production tax credit) for a new wave of geothermal development. U.S. geothermal power capacity is expected to nearly double in the next few years.

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