PDF Publication Title:
Text from PDF Page: 036
7. ECONOMIC BENEFITS 7.1. What does the U.S. geothermal industry contribute to the economy? Geothermal energy provides low cost, reliable, environmentally friendly fuel; supplies thousands of quality jobs; boosts rural economies; increases tax bases; reduces foreign oil imports; stabilizes prices; and diversifies the fuel supply. Unlike coal and natural gas, geothermal incurs no ìhidden costsî such as land degradation, high air emissions, forced extinction and destruction of animals and plants, and health impacts to humans. According to a 2006 GEA publication, "besides the costs expended through the development and construction of a power plant, geothermal developers often make significant contributions to the communities in which they are located, as well as to the local, state, and federal governments under whose jurisdiction they operate. Some contributions come as royalties or taxes, which are mandated by the government, while some come voluntarily from the geothermal company.î(1) In addition, wages paid to geothermal employees often circulate back through the community. For an example, if New Mexico brought 80 MW of geothermal power on line it would contribute 340 full time jobs/1,280 person*yrs and $1.2 billion economic output over a 30 year period.(2) 7.2. What are some specific examples of ways in which geothermal energy has contributed to local economies? Geothermal activities supply a full 25% of the county tax base in the rural town of Imperial County, California, producing over $12 million in tax revenue. In a town with a high rate of unemployment, the geothermal sector provides stable, well-paying jobs to more than 285 people. CalEnergy, the largest geothermal company in the region, is the single largest taxpayer in Imperial County.(3) Since enactment of the 2005 Geothermal Steam Act Amendments, state and local governments have received substantial revenues from geothermal leasing and production. Six statesóCalifornia, Idaho, Nevada, New Mexico, Oregon, and Utahócollectively received $27 million for FY 2007 and FY 2008 and 31 counties in those states received an additional $4.3 million in 2007 and $9.1 million in 2008.(4) When states and counties receive federal revenue from a lease sales or royalties the legislature of each state can decide how to use the funds provided that they give priority to the parts of the state socially or economically impacted by the development of geothermal resources so that they can plan, construct and maintain public facilities, and provide public services.(5) States use the lease revenue in different ways as can be seen in the following examples. Nevada received $7.5 million in 2008 and put all of the money in a state fund that supports K-12 schools throughout the state. California, which received $9.9 million in 2008, splits the revenue as follows: 40% is redistributed to the counties of origin, another 30% is transferred to the Renewable Resources 36PDF Image | Geothermal 101
PDF Search Title:
Geothermal 101Original File Name Searched:
geo_101.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)