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More Money to Alternative Energy

Geothermal is latest beneficiary of government money.

More money has been dished out to support alternative energy markets. Per this blog in the Wall Street Journal, geothermal energy is the latest beneficiary, with more than $300 million in grants handed out by the government this week to support development in this area.
In a September survey of MDM readers, about 85% of respondents say they are serving alternative energy markets in one way or another. A quarter of respondents said they served geothermal markets.
As reported in MDM’s report, Alternative Energy Markets: To Serve or Not to Serve?, geothermal markets have seen rapid growth in recent years. A report in early 2008 from the Geothermal Energy Association showed new geothermal power projects had increased by 25% from August of 2008 to March 2009. Overall production potential was up by 35%.
With continued government support, this growth will likely continue. Some distributors are taking advantage and finding ways to serve these markets that fit their business models.

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