Saturday, May 12, 2012

No. 55: Taking the advantage of the growing popularity of geothermal generation (May 13, 2012)

Business trend
Geothermal generation is growing popular in the U.S. and countries blessed with sunlight alike. Fuji Electric, world’s leader of the geothermal generation equipment market with 4% share, will participate in a geothermal generation project in the U.S. Energy Source of the U.S. will construct the Hudson Ranch Geothermal Power Plant in California for 30 billion yen, and Fuji Electric will take a stake in this company for 800 million yen. The power plant has an output of 49,000 kW to supply power to 50,000 households in Arizona. The construction will start in 2013 and the operation will start in 2015. Fuji Electric plans to get an order for the steam turbines and generators of this power plant.

In the U.S., the total output from geothermal generation inside the U.S. is expected to increase 70% over the level in 2010 to 5.4 million kW in 2015. The development of geothermal generation has also been growing active in Indonesia and Philippines. Fuji Electric wishes to increase its share in the world market to 50% by accumulating development results worldwide. 

 Hudson Ranch Geothermal Power Plant 

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