Set To Invest $10 M In Geothermal Tech

  • August 20, 2008 is set to invest more than $10 million into Enhanced Geothermal Systems (EGS) technology, as part of its RE

EGS goes beyond the traditional approach to geothermal energy -- which involves finding naturally occurring pockets of steam or hot water to produce electricity -- by replicating the process. EGS systems actually fracture hot rock and circulating water through it to create turbine-powering steam.

EGS companies like AltaRock Energy, Potter Drilling, as well as the Southern Methodist University Geothermal Laboratory have been (or are the planned) recipients of the $10 million grants and investments. --Tameka Kee



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