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Related Resources

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ARTICLE_DATE March, 18 2008 00:01:00
ARTICLE_DATE_STR 20080318
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ARTICLE_TEXT <p>The Elgin (IL) public library district hopes to break ground on a new facility this spring. It is to include a geothermal heating and cooling system expected to provide annual energy savings of $3,660.</p><p>Decades after geothermal technology has been established as a <a href="http://www.usnews.com/articles/news/50-ways-to-improve-your-life/2007/12/20/warm-up-to-geothermal_print.htm">proven energy saver</a>, less than 1% of US homes have such systems. Up to this point, installation of a geothermal system could cost twice as much as a new conventional gas or electric system.</p><p>Is there a future for geothermal? Its production and usage seem to involve no environmental degradation, something its competitors certainly can't claim. And what about geothermal electricity production?</p><p><a href="http://seekingalpha.com/article/25398-geothermal-stocks-heating-up">Geothermal stocks</a> are a mixed bag of Johnny-come-lately penny stocks and stocks with a respectable capitalization and track record. Among those showing&nbsp;stock-price growth&nbsp;over five years: <strong>Constellation Energry Group</strong> [CEG] (+223.8%); I<strong>daCorp</strong> [IDA] (+48.52%); <strong>PG &amp; E</strong> [PCG] (+185.23%); <strong>Raser Technologies</strong> [RZ] (+357.84%).</p>
ARTICLE_TITLE A Viable Direction?
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Business

A Viable Direction?

The Elgin (IL) public library district hopes to break ground on a new facility this spring. It is to include a geothermal heating and cooling system expected to provide annual energy savings of $3,660.

Decades after geothermal technology has been established as a proven energy saver, less than 1% of US homes have such systems. Up to this point, installation of a geothermal system could cost twice as much as a new conventional gas or electric system.

Is there a future for geothermal? Its production and usage seem to involve no environmental degradation, something its competitors certainly can't claim. And what about geothermal electricity production?

Geothermal stocks are a mixed bag of Johnny-come-lately penny stocks and stocks with a respectable capitalization and track record. Among those showing stock-price growth over five years: Constellation Energry Group [CEG] (+223.8%); IdaCorp [IDA] (+48.52%); PG & E [PCG] (+185.23%); Raser Technologies [RZ] (+357.84%).


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