Geothermal energy is energy that is extracted from thermal sources that originate deep underground. Geothermal energy is a form of primary energy. It can be used directly for heat or to create electricity. Deep underground, the Earth will remain hot for billions of years, so geothermal energy can be used for a long time (as a renewable energy source), but if the resource is not treated carefully, it will not be sustainable.
A benefit of geothermal energy is that it is not intermittent like solar and wind power, which means it can be used at any time of the day, any day of the year. This makes it fairly reliable, and allows its use as a baseload power provider to the electrical grid.
Washington Capital can help you: :
- Secure debt and/or equity financing for the constructions of small-scale hydro energy projects from 1Mw to 30Mw.
- Secure debt and/or equity financing for construction of larger hydro energy projects of up to 200Mw or more
- For the build-out of hydroelectric projects globally, from $5 million to $300 million USD
- Design and conduct feasibility studies of Hydroelectric projects