The Driller
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • CLASSIFIEDS
  • EQUIPMENT
  • SAFETY
  • VIDEOS
  • EDUCATION
  • SOURCEBOOK
  • EVENTS
  • SUBMIT
  • ABOUT
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Water
  • Geothermal
  • Construction
  • Environmental
  • Mining
  • All Industry News
  • EQUIPMENT
  • Rigs & Heavy Equipment
  • Consumables
  • Pumps
  • Featured Products
  • VIDEOS
  • Newscast
  • Drill Talks
  • Ask Brock
  • Emerging Drillers
  • EDUCATION
  • Drilling Business Insights
  • Reference Desk
  • Sponsored Insights
  • EVENTS
  • Conferences & Demo Days
  • Newscast LIVE
  • SUBMIT
  • Drillers @Work
  • ABOUT
  • Contact
  • Advertise
The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP
Drilling Industry News

Geothermal Development a Big Boon to the U.S. Economy, Industry Group Reports

October 16, 2006
The Geothermal Energy Association has released a new handbook on the socioeconomics of geothermal energy. The publication provides information about the costs, benefits and other effects of geothermal development on people and communities around the country.

At a time when the U.S. geothermal industry is seeing a resurgence of new investment, the Geothermal Energy Association (GEA) released a new publication on the socioeconomics of geothermal energy, "A Handbook on the Externalities, Employment, and Economics of Geothermal Energy," which provides information about the costs, benefits and other effects of geothermal development on people and communities around the country.

"Representing over a year of work and having undergone extensive reviews, this report solidly documents the many benefits of expanding geothermal energy use," states Karl Gawell, executive director of GEA.

For example, according to the "Handbook," a typical, 50-Megawatt (MW) geothermal plant, whose site development and exploration costs will total under $140 million, will produce an economic output of nearly $750 million over 30 years, of which more than $20 million will be delivered directly to the federal, state and county governments where the plant is located. That same 50-MW plant will produce 212 fulltime jobs and 800 person-years of construction and manufacturing work. "Considering the fact that over 2,000 megawatts of geothermal power were reported under construction in 2005, expanded geothermal power production will mean tens of billions of dollars in economic benefits and thousands of new jobs," notes Alyssa Kagel, author of the report.

Geothermal plays an important role in facilitating sustainable development, the "Handbook" notes: "Geothermal plants provide long-term, stable, well-paying jobs, produce nearly zero air emissions and associated health impacts, and supply millions of dollars to local, state and federal economies through decades of reliable, renewable, consistent energy production." The "Handbook" is the first of its kind to bring together the basic socioeconomic aspects of geothermal energy. Other topics discussed in the publication include current and potential geothermal generation, national security issues, job quality, geothermal energy and rural America, tax credit information, financing, the levelized cost of geothermal power, geothermal compared to fossil fuels and other renewables, and more.

The document can be downloaded from the GEA Web site at
www.geo-energy.org/publications/reports.asp.

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • geotechnical drilling rig

    6 Onsite Phrases Environmental Drillers Hate

    Here are six phrases that highlight common frustrations...
    Markets
    By: Jeff Garby
  • Wayne Nash

    Pipe Stuck? Common Causes and Solutions for Drillers

    If you have drilled for any length of time, sooner or...
    Opinions
    By: Wayne Nash
  • deep water well

    Selecting and Sizing Submersible Pump Cable

    This article helps pump installers and servicers decide...
    Markets
    By: Bob Pelikan
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eNewsletters
  • Online Registration
  • Subscription Customer Service
  • Manage My Preferences

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

The Driller Newscast - The Exit Interview: The Battle of Bron vs. Brock

The Driller Newscast - The Exit Interview: The Battle of Bron vs. Brock

Environmental Works - 3135GT Testimonial

Environmental Works - 3135GT Testimonial

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the The Driller audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of The Driller or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • demo of a DM450 drilling rig during a customer factory visit
    Sponsored byGeoprobe

    Built for You: Smarter Drill Rigs, Stronger Support, Bigger Opportunities

Popular Stories

An image of the Plume Stop tech

New Filter System to Mitigate PFAS Said to Last 40 Years

An image of a pair of boots

The Job Site Fit Check: Boots

An image of a Vesa Drill rig

Breaking: Charger Acquires Versa-Drill

The Driller Classifieds

COMPRESSORS

EAST WEST MACHINERY & DRILLING IS BUYING AND SELLING AIR COMPRESSORS, AIR BOOSTERS, AIR ENDS & PARTS
Company: East West Machinery

DRILL RIGS

LOOKING FOR LATE MODEL TOPHEADS & DRILLTECH D25'S
Company: Spikes’s Rig Sales

DRILL RIG PARTS

MEETING DRILLERS NEEDS AROUND THE WORLD
Company: East West Machinery

ELEVATORS

SEMCO INC. PIPE ELEVATORS
Company: Semco Inc.

GROUTERS

GROUTING EQUIPMENT - GROUT PUMPS & GROUT HOSE REELS
Company: Geo-Loop Inc.

PUMP HOISTS

SEMCO INC. - BASIC PUMP HOISTS
Company: Semco Inc.

WELL PACKERS

LANSAS PRODUCTS - INFLATABLE WELL PACKERS
Company: Vanderlans Lansas Products

WELL SCREENS

WELL SCREENS & SLOTTED PIPE
Company: Alloy Screen Works

Products

Water Quality Engineering: Physical / Chemical Treatment Processes

Water Quality Engineering: Physical / Chemical Treatment Processes

By carefully explaining both the underlying theory and the underlying mathematics, this text enables readers to fully grasp the fundamentals of physical and chemical treatment processes for water and wastewater.

See More Products

The Driller E.G.O. Award - Enter now!

Related Articles

  • The Driller Newscast episode 100: Keepin’ it 100: New Faces at The Driller, Big Ideas, and a Legacy to Boot!

    Keepin’ It 100: New Faces at The Driller, Big Ideas, and a Legacy to Boot!

    See More
  • Jeremy Verdusco, Editor

    National Driller Gets a New Look to Better Serve the Industry

    See More
  • DFI Engler

    Deep Foundations Institute’s Engler Joins The Moles Industry Group

    See More

Related Products

See More Products
  • 9780128201930.jpg

    DRILLING ENGINEERING

  • M:\General Shared\__AEC Store Katie Z\AEC Store\Images\ND\new site\in-too-deep.gif

    In Too Deep: BP and the Drilling Race That Took it Down

  • drilling.jpg

    Clay Science in Drilling and Drilling Fluids

See More Products
×

Dig deeper into the drilling and water supply industry!

Build your knowledge with The Driller, covering the people, equipment and technologies across drilling markets.

SIGN UP NOW
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
    • Classifieds
  • SIGN UP TODAY
    • Create Account
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP