A game changing breakthrough that may eventually strike large scale wind and wave energy dead in their tracks
America’s green energy future may be playing out in a an area just south of Bend in Central Oregon. It’s called Enhanced Geothermal Systems that takes geothermal power to a whole new depth. Instead of pumping up hot water from near surface geothermal lakes, AltaRock, backed by Google and other investment giants, is creating hot water lakes two miles down in the earth. Cold water is pumped down an injection well that fans out 1,500 feet horizontally from the well. Nearby extraction wells pump that naturally heated water back up to the surface, creating steam and spinning electrical generators that put out many gigawatts of electricity to power cities and industries. If everything pans out, this power could be priced BELOW COAL RATES. Bye bye natural gas, and more importantly, bye bye coal fired plants and all the green house gases they belch into our increasingly contaminated atmosphere. And maybe bye bye to wave energy off the Oregon Coast which has made a rather troublesome debut after the state adopted a tensely debated set of plans for placing wave energy devices on the surface and on the bottom of the ocean within Oregon’s three mile limit – much to the deep consternation of the fishing industry.
AltaRock recently announced that they achieved an economic breakthrough with their new technology by creating multiple underground geothermal lakes with just one injection well. That brings prospective electrical generating rates down to under 4 cents a kilowatt. This achievement has yet to discovered by “mainstream news media” but the Denver Post newspaper got wind of it in a recent edition and here’s what they said about it. Click here.
This new enhanced geothermal system (EGS) technology, which has set off a new wave of exciting energy research, is expected to be perfected over the next five to ten years which many scientists predict could produce a totally new energy future since this technology can be installed just about anywhere in the country – because everywhere you drill down two to three miles, you get hot rock. Here’s a video that really brings it home…