Electric power is a key part of the nation’s infrastructure.
Renewable energy is a growing part of the future supply
mix. Geothermal power is a key element of the grid of the
The U.S. power grid has fueled the nation’s econom-
ic growth by providing our industries low-cost, reliable
and abundant energy, an advantage in global competitive-
ness. Behind electrifcation is opportunity independent of
borders: the ability to make work more productive, liv-
ing safer and more pleasurable, and increase the standard
of living. Our electric supply system also supports other critical infrastruc-
ture systems such as transportation, water supplies for cities and farms, and
manufacturing centers. Electrifcation is expected to expand, demanding
more supply from renewable sources and creating opportunities to produce
more geothermal energy.
Geothermal power offers unique infrastructural values. It supports a reliable grid by providing frm yet fexible power — the ability to run 24/7 or
ramp up to meet the needs of the grid. It minimizes outages and offers support for a quick re-start when they occur. Geothermal is also signifcant in
terms of job creation: a typical 50-MW plant requires hundreds of workers
including drillers, construction laborers and administrative support. The
routine operation of geothermal plants requires more permanent on-site
employees than other renewable sources, helping to sustain local economic
benefts. Unlike some infrastructure investments, geothermal power plants
typically pay local governments substantial royalties and property taxes,
supporting local communities.
The reliability of the U.S. electric power system is critical to the economic vitality of the nation and the well-being of society in the future. Today, the
reliability of the power system is being challenged by the integration of intermittent renewable generation. Geothermal’s fexible performance can help
support a reliable grid with substantial intermittent power on the system.
Rebuilding our infrastructure and making it, as Trump says, “second to
none,” requires that it be sustainable, smart, and energy effcient. It therefore
makes sense for renewable energy to play a substantive role in this transformation, just as it has in countless power markets worldwide.
From a cost of energy perspective, wind and solar are, in many situations, the lowest cost sources. As a result, institutional investors are making renewables an important part of their investment mix. According to
the Infrastructure Investor Q3 Fundraising Report 2016, 72 percent of global infrastructure funds included renewable energy in their portfolios during