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Best investment choices for geothermal energy companies; updated article
Updated data on actual progress in the geothermal energy topic as well as electrical dollar output that can be converted to a return on investment.
There are many benefits to geothermal energy, one of which is that it is much better for the environment than many other ‘non-green’ sources of energy. With the use of modern technology, scientists have discovered that the total recoverable power from geothermal energy sources could be up to 12,200 Gigawatts. This number is 15 times higher than the U.S.’s electrical load at peak times. We are not close to getting all that yet, but it looks promising for the geothermal energy future. With R&D investments of $1 billion (which is about the cost of a coal power plant), it is possible to that we will have a 100 Gigawatts capacity by 2050.
The geothermal energy future is bright and a lot of growth is predicted, especially as the need for the elimination of harmful fossil fuels and foreign oil dependence keeps growing. The most promising areas in the U.S. for geothermal energy production is in the southwest part of the country. The production of geothermal energy has almost no greenhouse gas emissions and it does not require the purchase of fuel. This energy source is renewable and sustainable. Renewable energy stocks and geothermal energy companies offer tremendous opportunities for investors. There are even more investment options available with public geothermal energy companies.
A great way of geothermal energy investing is through renewable energy stocks. Investing in geothermal energy companies is not risk-free, or course, so it’s important to do some thorough research beforehand. If you are thinking of investing in geothermal energy companies, the best ones to choose are those located close to geothermal hot spots. This brings down the costs of having to transport the energy and provides better returns. You should know the company history to evaluate its financial shape. It’s important to invest in a solid company, which is properly managed. This may have direct influence on your investment in geothermal energy companies. Since the geothermal energy future is predicted to be huge, investors who get it right from the beginning will end up on top of the game.
Some possible alternative energy stocks and geothermal energy companies to invest in include Calpine Corp. – NYSE ticker CPN, located in San Jose, California, and U.S. Geothermal Inc. – AMEX ticker HTM, started in Idaho in 2002. One that stands out particularly from all the geothermal energy companies out there is Ormat Technologies Inc. – NYSE ticker ORA, which is a company located in Reno, Nevada. Ormat Technologies builds and designs projects with geothermal energy all over the U.S. and all over the world. It also has the best EGS advances from widespread commercialization to its research and development. In addition, it has over 45 years of experience, which makes it one of the leaders among the geothermal energy companies sector.
The stockspresented above are not recommendations or picks. They are simply examples of geothermal energy companies that you might consider investing in. Further research is always necessary to determine whether the particular geothermal energy company is right for you.
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The information supplied in this article is not to be considered as medical advice and is for educational purposes only.
|Alternative Energy Companies24 Sep 2010|