Huge Potential for Green Geothermal Energy in the US

First “Steam of Opportunities” conference outlines US geothermal energy potential

NEW YORK & REYKJAVIK, Iceland & OSLO, Norway–(BUSINESS WIRE)–Glitnir, the Nordic financial group, hosted the first “Steam of Opportunities” conference in New York today. The objective of the conference was to provide new research on the potential of geothermal energy as an environmentally sound, renewable source of energy in the United States. Glitnir, which offers universal banking and financial services in its home markets Iceland and Norway and is ranked one of the leading capital markets players in the Nordic region, is a globally leading provider of financial services in three specialized industry segments – seafood/food, sustainable energy and offshore service vessels
The “Steam of Opportunities” conference, which Glitnir plans to evolve into an annual global geothermal energy think tank, included such topics as the challenges of geothermal energy; investment opportunities; sustainable development; Iceland’s unique experience in the employment of geothermal energy; Glitnir’s view on the geothermal market; and the role of geothermal energy in the US renewable energy market.

“The US is at the forefront of geothermal energy development globally, and will continue to be in the lead. We see a considerable geothermal energy potential in 82 countries worldwide – including the USA and Canada”, said Arni Magnusson, Managing Director, Glitnir Global Sustainable Energy. “Geothermal – long the ‘Sleeping Beauty’ of sustainable energy – is now showing clear signs of waking up.”

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