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GEOTHERMAL WATER Geothermal water is a highly sought natural resource for electrical power generation and space heating. The city of Reykjavik, Iceland entirely heated by hot geothermal waters that are led to the city from sources north of the city. Greenhouses for roses in Animas, New Mexico are heated with locally available geothermal water. Geothermal water at Paradise Springs, Idaho rises from great depth within the earth's crust and is bottled as drinking water and sold commercially throughout the United States. At Agua Prieta, Mexico, Waireki, New Zealand, and elsewhere, geothermal water is used to generate electrical power. Recently, Bill Richardson, Secretary of the U.S. Department of Energy, announced an initiative to develop geothermal resources in the United States. The United Nations has had a geothermal development program for many years. UPDATE SEPTEMBER 19, 2009 This page was originally written in 2001. Since then and particularly since the election of President Obama and recent very high oil prices, geothermal energy properties have become a very hot item with on-going or planned drilling projects across the West. IPO's are being floated on the Toroonto Stock Exchange and private placements are underway. WaterBank® lists and brokers geothermal water sources and geothermal resources. Our affiliated company, AGW Consultants, is experienced in defining and evaluating geothermal resources. Visitors since September 19, 2009
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