Geothermal heat pumps are winning more investments

Geothermal Heat Pump DiagramGround source heat pumps are getting more familiar these days and the public schools across the country have commenced to replace the electrical heaters and air-conditioners with the ground source heat pumps. The pilot implementation of the ground source heat pumps took place during 1990, in a smattering of educational institutions. The technology proved to be more efficient than the conventional system and the cost of energy was decreased by 40 percent. Currently a great deal of schools are interested to implement this ground source heat pump in their roof and these would be linked with 250 feet deep wells that passes heat through water-filled polyethylene tubing. According to the research reports, the heating, ventilating, and air conditioning declarers are demonstrating immense interest in developing the geothermal heat pumps since plenty of government offices and educational institutions are ready to embrace the technology. More geothermal energy investments are taking place to implement this technology and currently it is yielding around 2.94 million units and with the tremendous energy investments support, this level would be raised to around 5.66 million units, within 2015.

According to the famous Bio Fuel Daily in Florida, the overall bio fuel capacity across the world would reach around 4.003 billion gallons by 2015.  More than 13 companies are very much interested to produce bio fuel energy investments for the projects in United States, Australia, India, Austria, Norway, Netherlands and Brazil. The advanced bio fuel projects performances would reach around 718 million gallons in 2011 and in 2014 it would reach more than 3.579 billion gallons. Shaikh Hasina, the Prime Minister of the Bangladesh recently articulated that, the government of Bangladesh is ready to pen trade and energy investments contract with the United Arab Emirates. During an interview, the Prime Minister of Bangladesh appealed to the investors of the United Arab Emirates to produce investments in energy and other sectors.

The government is ready to welcome partnerships and joint ventures with the investors of United Arab Emirates and within the next few years the economy of the country is predicted to grow more than 6 percent. Moreover, the current administration has planned to release a tremendous development program which would promote the economic growth. This country is experiencing a huge demand for power so a great deal of energy investments would be furnished to solve the power crisis. The power shortage problem will be given high priority and more energy investments would accelerate more renewable energy projects.  Currently 1000 megawatt power projects are implemented, and by the end of 2011 more than 2,361 megawatt power projects would be accomplished.

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

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