Upcoming DOE Funding May Heat Geothermal Space

Most people think about solar and wind when considering renewable energy, but this power source may soon get a lot more attention from investors.

Apr 27, 2014 at 11:21AM

The Department of Energy deadline to submit the full application for an Integrated Enhanced Geothermal System (EGS) Research and Development Funding Opportunity Announcement (FOA) is April 30 at 5pm. That means awards up to $10 million, likely split among three winners, can be announced by the Fall. 

I'm interested to see the development of enhanced geothermal systems (EGS), a technology similar to fracking in that it requires injecting water into rock. My true concerns regarding geothermal power come from this similarity between geothermal and fracking. Therefore I'd like to see more studies into how the use of geothermal power may or may not result in an increased number of earthquakes or even upgrade the risk for contamination of the water supply. If these issues can be dealt with concretely or proven to be overblown, geothermal heat could have a place among the country's future energy mix. That would be great for industry giant Ormat Technologies (NYSE:ORA), which has geothermal projects in Nevada, Hawaii, California, and recently received big supply contracts in Indonesia. 

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John Licata has no position in any stocks mentioned. The Motley Fool owns shares of Ormat Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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