Encore Energy Systems Inc (ENCS)

[lifegear]

Geothermal markets heat upBy Karen Broyles
Filed from Houston
5/5/2008 11:06:13 PM GMT

http://www.energycurrent.com/index.php?id=3&storyid=10318

Geothermal, long the "Sleeping Beauty" of sustainable energy, is now showing clear signs of waking up, particularly in the U.S., where geothermal potential remains largely untapped, according to Iceland-based Glitnir Bank.

Late last year, Glitnir opened a New York office with the aim of investing in geothermal projects. Glitnir then estimated that up to US$39.4 billion in funding would be needed to develop available geothermal energy resources in the U.S. through 2025, including US$16.9 billion over the next eight years and an additional US$22.5 billion in the following decade.