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reliable, helps to stabilize prices environmentally friendly – see section 5, Environmental Benefits locally produced -- using geothermal energy reduces foreign oil imports supported by federal and local grants and incentives boosts rural economies with royalties and taxes supplies thousands of quality jobs diversifies the fuel supply 6.2. Is geothermal market investment growing? A 2006 GEA estimate showed that for every dollar invested in geothermal energy, the resulting growth of output to the U.S. economy is $2.50, or, a geothermal investment of $400 million would result in a growth of output of $1 billion for the entire U.S. economy.20 Renewable energy technology projects worldwide saw $70.9 billion of new investments in 2006, and $117.2 billion in 2007, according to a DOE assessment (DOE 2008 Geo. Risk). Since that time, the capital represented by geothermal projects coming on line has increased substantially. With roughly 100 MW added annually in the U.S., and projects taking several years to 20 Assuming an average capital cost of a geothermal project corresponding to $4000/kW. 49 6. Economic BenefitsPDF Image | Green Machine Series 4000
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