The United States government is doing its part to incite venture capital investments in clean and renewable energy by offering cash awards to energy production companies in place of earned tax credits. In a recent announcement, U.S. Treasury Secretary Tim Geithner and U.S. Energy Secretary Dr. Steven Chu awarded $502 million in the first round of…

Vancouver-based Sierra Geothermal Power Corp has announced a geothermal discovery at its 100 percent owned Alum project in Esmeralda County, Nevada. The finding comes from Sierra’s slim well 26-19, which was drilled to a maximum depth of 1,484 meters (4,868 feet). The preliminary bottom hole temps reached 146 degrees Celsius (295 degrees Fahrenheit), with several zones of high…

According to a recently published report, venture capitalists have invested significantly more money in renewable energy compared to the same time last year. The majority of funds were dedicated toward clean technologies intended to make energy use more efficient, from green buildings to electric vehicles. Many market analysts agree that clean energy investing will only increase as more consumers and government officials support renewable sources of energy to combat…

Geothermal energy, power extracted from heat stored in the earth, has been utilized for centuries from bathing in the Paleolithic era to space heating during Roman times – and the technology has evolved so much throughout the years that the capabilities have broadened…

Mayor of Los Angeles, Antonio Villaraigosa, plans to increase energy utility fees to help fund renewable energy sources for the city. A survey released by the mayor asked Department of Water and Power consumers if they would be willing to pay…