Friday, February 20, 2015

Technology:

Oil's Decline Opens The Door For Stable Alternatives Like Geothermal (Forbes)

Geothermal is not only cheap and green, but it’s also a source of reliable base-load energy.


Renewable energy is actually better than fossil fuels in the sense that prices don’t fluctuate wildly due to foreseen geopolitical or economic events.

The knock on alternatives like wind and solar is base-load power – or lack thereof. In essence, base-load means reliability – when you flick the switch, do the lights come on. If there’s no wind, turbines won’t produce electricity. Similarly, if it’s a cloudy day, solar generation becomes difficult. However, geothermal is not only cheap and green, but it’s also a source of reliable base-load energy.

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