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US, Iceland sign bilateral agreement to advance geothermal

6 Oct 2010

The US and Iceland governments have signed a bilateral agreement aimed at advancing and accelerating the deployment of geothermal technologies.

Established by the US Department of Energy (DOE) and Iceland’s Ministry of Industry, Energy, and Tourism, the agreement was signed by US Ambassador to Iceland, Luis Arreaga, and Icelandic Minister of Industry, Energy and Tourism, Katrín Júlíusdóttir.

It is designed to allow an exchange of researchers, projects and education initiatives to accelerate advanced geothermal development, said the DOE.

The partners will also seek to identify key obstacles to increasing the use of this renewable energy resource.

The signing of the bilateral agreement punctuates a week of meetings between international parties on geothermal energy held in the capital of Iceland, Reykjavik.

The International Partnership for Geothermal Technology (IPGT) which was chartered by 2008 by the DOE also hosted meetings in Iceland this week, where it welcomed Switzerland as its fourth and newest member country.

The IPGT is committed to leveraging the combined experience of world experts to commercialise advanced geothermal technologies on an international scale.

Copyright © 2010 NewNet

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