The Government handed out some big bucks this week. How does 338 million in grants sound? Well, this is in an effort to get the development of geothermal energy on a fast track.

Some of the companies that got the grants were:

Ormat Technologies
AltaRock Energy
City government of Raleigh, NC
County government of Hattiesburg, MS

Companies that are putting the grants into their projects ranging from putting geothermal heat pump into a waste water processing center to putting heat pumps in to keep prisoners comfortable.

Now for the Big Boys………

Baker Hughes
Schulumberger
General Electric
Honeywell
Johnson Controls

They have been awarded grants to design tools, fluids, pump parts to be used in different stages of turning hot water into electricity along with other tools that can churn through rock at 300 degrees Celsius.

Will these grants help these corporations into new business or help their core business? That will remain to be seen.

Since there are hot rocks under almost all of the country, they will be able to drill and complete very deep geothermal wells. There are some worries about drilling on the west coast due to earthquakes. However, our little planet is virtually an unlimited source of heat that can be used for heating and electric power generation.

This power sector is very competitive. Geothermal is a steady stream of energy where wind and solar have their ups and downs due to the weather. Do you know who is the largest producer of geothermal power? Chevron! Ha! Go Figure!

… as the green future unfolds!

Tags: Abu Dhabi, Add new tag, alignleft, alignright, alt, altarock, Alternative energy, Baker, baker hughes, Big, big boys, Business, Celsius, Chevron, City, class, climate, coast, Controls, core, country, development, different stages, drilling, effort, electric, electric power generation, electricity, energy, energy city, environment, General, Geothermal, geothermal power, go green, Government, green, Hattiesburg, hattiesburg ms, Heat, heat pumps, heating, height, Honeywell, hot rocks, href, Hughes, img, Johnson, johnson controls, little planet, ms companies, NC County, Ormat, ormat technologies, power sector, processing, processing center, producer, pump, Raleigh, schulumberger, source, src, steady stream, style, target, title, track, ups, ups and downs, waster, water, weather, week, west, width, wind

This entry was posted on Sunday, November 1st, 2009 at 11:49 am and is filed under Geothermal, Going Green, Technology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.