While many utility executives attribute much of their predicted market challenges to the rise of photovoltaics and net metering, they actually have much more to worry about.
Clean energy investment rose by 9 percent in the first quarter from a year earlier on surging demand for rooftop solar panels from the U.S. to Japan.
Commissioning a geothermal project is no easy task. Of all the renewable energy technologies, it has one of the longest project lead times – it can take an average of eight years from start to finish. Due to its heavy front-end expense, developers must be as certain as possible that they are spending time and money on a viable resource. So when drilling through hot rock, imagine the developer’s surprise — and utter disappointment — when equipment suddenly melts away after hitting magma.