The potential of geothermal energy worldwide is estimated at 50,000 times the world's oil and natural gas reserves. It could provide all of our energy needs worldwide for 30,000 years.
California generates the most electricity from geothermal energy with 2,555 megawatts of installed capacity, nearly 5 percent of its electricity. Most of this capacity is in an area called the Geysers, north of San Francisco. The Geysers is the largest dry steam field in the world. It has been producing electricity since 1960.
The United States is the world leader in generating geothermal electricity, much of which is used to power oil pumps. In Europe, Italy and Iceland produce the most geothermal energy.
Iceland is number one in the world in the percent of its electricity generated from geothermal energy.
A study at the Massachusetts Institute of Technology showed that an investment of about $1 billion in geothermal research and development over 15 years could lead to an additional deployment of 100,000 megawatts by 2050. This is about the same cost as building one coal-fired plant.
California generates the most electricity from geothermal energy with 2,555 megawatts of installed capacity, nearly 5 percent of its electricity. Most of this capacity is in an area called the Geysers, north of San Francisco. The Geysers is the largest dry steam field in the world. It has been producing electricity since 1960.
The United States is the world leader in generating geothermal electricity, much of which is used to power oil pumps. In Europe, Italy and Iceland produce the most geothermal energy.
Iceland is number one in the world in the percent of its electricity generated from geothermal energy.
A study at the Massachusetts Institute of Technology showed that an investment of about $1 billion in geothermal research and development over 15 years could lead to an additional deployment of 100,000 megawatts by 2050. This is about the same cost as building one coal-fired plant.
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