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Head of U.S. Department of Energy Loan Programs on Being a "Catalyst" for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is "Wholly Unacceptable"


Head of U.S. Department of Energy Loan Programs on Being a “Catalyst” for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is “Wholly Unacceptable”
WASHINGTON (BUSINESS WIRE) “Too much money and not enough projects” is how the head of the DOE Loan Programs Office characterizes the current pace of deployment for climate-related projects in the United States.
“The pace at which we are deploying climate solutions is wholly unacceptable,” says Jigar Shah, director of the U.S. Department of Energy’s Loan Programs Office that has more than $40 billion in loans and loan guarantees available to help deploy large-scale energy infrastructure projects in the United States. “The United States is at maybe $200 billion a year of climate change solution deployment annually. That number has to probably be a trillion dollars a year to be able to be on track to [achieve] the goals that the president will be announcing [at th ....

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Latin America and Caribbean tap volcanoes for geothermal energy


Geothermal energy plant in Zunil, Guatemala
Credit:
Courtesy of Ormat Technologies
Enrique Porras got his start in the industry as a supervisor of pipeline welding at a plant in Nicaragua, one of the first in Latin America. 
Now, he helps expand the number of geothermal plants in Latin America, as a coordinator of international projects for Ormat, a geothermal company based in the US.
They have plants in Guatemala, Nicaragua, Honduras, Chile, Costa Rica and Guadalupe in the Caribbean, with plans to expand in the region.
At an Ormat geothermal facility, such as the Amatitlán plant in southcentral Guatemala, huge green pipes carry steam created underground by the molten core of the earth to dozens of turbines above ground, that spin as hot air blows through them. ....

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