- The State of Colorado has recently begun work on a bill to promote the development of geothermal energy production within the state
- Currently, geothermal plants provide less than 0.5% of the United States’ electricity output despite lacking the weather-related or sunshine-linked challenges faced by other renewable energy sources
- Companies such as GeoSolar Technologies have sought to capitalize upon geothermal energy’s constant, clean energy output within their home energy systems
- Industry leaders have now called for geothermal energy production to benefit from a similar subsidy programme as was granted to wind and solar power in prior years
In early March, the United States’ Intergovernmental Panel on Climate Change released a report summarizing the key findings of their Sixth Assessment Cycle. Within the report lays a dire warning; world leaders would have to slash greenhouse gas emissions by up to 60 percent by 2035 to have a 50 percent chance of limiting global warming to 15 degrees Celsius above pre-industrial levels, thus staving off sever climate impacts (https://ibn.fm/9gXY0). The State of Colorado is seeking to address that challenge head-on. During a recent workshop held in conjunction with the 22-member Western Governors Association, Colorado Gov. Jared Polis revealed that the state government was exploring how to further promote the use of geothermal energy as source of electricity.
“Anything we can do to reduce time and cost associated with being able to drill for the purposes of geothermal energy is something that we’re very excited about,” said Polis in an interview with…
NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST
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