Geothermal energy isn't a new concept in the United States; it's actually been around for some time, with numerous geothermal power plants in California, Nevada and a few other western states," says David Fessler.
The contributing editor to Money Morning explains, "There are new plants on the drawing board, too. Unfortunately, the recession has stifled the construction progress on many of them. But all that's about to change.
"Thanks to a few key technological developments -- and a big cash infusion from the government -- the stars are aligning to produce the perfect storm for this super-green energy source.
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