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Clean alternative energy that’s 98% available
John McIlveen, a veteran securities analyst specializing in renewable power, turns The Energy Report on to a hot but hardly new source of energy in this exclusive interview. Geothermal power runs 24/7, is clean, cost-competitive and ready now. McIlveen, who recently joined Jacob & Company, an independent investment bank providing financial services to the renewable power sector, shares the names of some small geothermal companies with big multiples in their future.
The Energy Report: Let’s start with your outlook for geothermal. Where is it going?
John McIlveen: For starters, geothermal is the only renewable power that is base load, so it can run…
Wind Power: Why This Renewable Energy Could Solve The U.S. Oil Addiction
It’s become cliché to say that the United States is addicted to oil. I’ll make no effort to refute the claim because it’s true. It’s an expensive habit, too. The upshot, however, has been the explosion of interest in renewable energy sources. Last year, investors poured a record $71 billion into the alternative energy space. And billions more funnel in every day.
But with so many possibilities – hydropower, wind power, solar power, geothermal, biofuel, clean coal technology – investors are forced to pick which alternative energy source will distinguish itself as the most viable replacement for oil. It’s a crapshoot.
That…
19Sep2008 | Investment U | Comments Off | Continued“WE NEED TO TALK”
There is a looming problem for the renewable energy business. It affects the geothermal producers. As the expression goes, “We need to talk.”
I have argued over and over that in an energy-short future, geothermal power will play a key role in meeting power needs. Geothermal systems are well-known technology, at least to people who follow the technology. And some geothermal fields have been making power for many decades. So there’s a real track record for geothermal, unlike for many other alleged technological “solutions” to the energy problems of our time.
Geothermal offers some unique benefits. It is “clean,” emitting essentially no…
11Jun2008 | Daily Reckoning | Comments Off | Continued
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