New York forum puts GT in the spotlight

In New York City, the Geothermal Energy Association (GEA) hosted the geothermal energy finance forum at the Ritz Carlton. In attendance were financiers, politicians and project developers. The event also featured a lunchtime keynote speech by Senate Majority Leader Harry Reid of Nevada. He told the crowd that “Nevada already has about 450 megawatts of conventional geothermal power in production. In the next three to five years, with the right mix of incentives and policy, my state alone could add 64 new projects that would bring that number up to nearly 2,500 MW.” Back in Washington on Thursday, Reid said the Senate will debate a sweeping climate change bill this spring, and that he will use it as a vehicle to seek more federal research dollars and more generous tax credits for geothermal development.