Geothermal energy “appeared to be on a launch trajectory” in 2009, says the Geothermal Energy Association in its year-end report. With more than 3,150 MW of geothermal capacity on line in the U.S. in August and 144 new geothermal plants under development, the Washington, D.C.-based industry association says the accelerating growth could add 7,000 MW of new plants. The U.S. already leads the world in geothermal installed capacity and could have 10,000 MW in a few years, officials say. GEA credits state and federal policies—including state renewables portfolio standards, the Dept. of Energy’s extension of a loan program for innovative
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.