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“This is no longer just an interesting alternative, but a large scale transformation in global energy markets,” DOE wrote. Even so, geothermal remained in underdog status: “While the worldwide scale of available investment capital for renewable energy in 2006 is robust, the geothermal share of that capital was conspicuously small at less than 1%, or about $66 million.” Geothermal Basics: Q&A construct, the capital investment in new U.S. geothermal projects would be in excess of $10 billion. In the U.S., the DOE has increased its public investment in renewable technologies, including geothermal. The geothermal energy budget request was $65 million for FY2013, as compared to $37.9 million enacted in FY2012. The Geothermal Technologies Program received $368.2 million through the American Recovery and Reinvestment Act of 2009, and awarded 148 projects spanning 38 states and the District of Columbia. The geothermal industry is supported by both public and private investments. In 2008, Google.org outspent the government at the time and was the largest private investor in geothermal, injecting $11 million in advanced geothermal technology research and development. The funding facilitated geothermal heat maps. Geothermal maps are now available free through Google Earth, with user-friendly panning and searching options (see Figure 13). Table 5 summarizes a 2006 WGA estimate that near-term geothermal development of approximately 5,600 MW would result in nearly $85 billion dollars to the U.S. economy over 30 years. Potential also exists in Wyoming, Montana, Texas, Kansas, Nebraska, South Dakota, and North Dakota, but the resource in those states was not studied in the WGA report. 50PDF Image | Green Machine Series 4000
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