Given news reports that the penultimate nuclear plant in Japan is closing, what is the future for Geothermal and the likes of HRL and others to benefit from this.
According to some reports, only 16% of Japan’s energy is generated domestically, but being located on the ring of fire, Japan is considered the third country in the world with the most geologically active terrain.
Facing threats such as earthquakes, tsunamis, and volcanic eruptions, Japan is the perfect location for geothermal energy development.
Japan’s Geothermal Developer Council recently announced that six Tohoku prefectures could be capable of generating about 170 MW of energy and a total of 740 MW, including sites in national parks, where geothermal plants are currently restricted.
Due to the last massive earthquake produced in Japan in March, the country has lost power plants which generated almost 6800 MW of electricity.
It is estimated that Japan’s future geothermal plants will be able of generating 85,000 MW, enough to replace all of the existing nuclear energy power plants.
[via Cleantechnica]
HRL Price at posting:
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