Greentech Lead America: Geothermal energy is emerging as a potential energy source for commercial and industrial use. Companies are exploring ways to harness the power of earth to meet the growing energy needs.
Geothermal technologies utilize the internal heat of the earth as a power source, including ground source heat pump systems and deep well geothermal systems.
In one of the developments in the geothermal segment, ECC Renewables (ECC) announced it is one of five contractors selected for a $7 billion joint total acquisition value Unrestricted Indefinite Delivery, Indefinite Quantity Multiple Award Task Order Contract (MATOC) for geothermal energy by the US Army Corps of Engineers, Engineering and Support Center, Huntsville.
Under the 10-year contract, ECC will compete for projects to develop, construct, finance, own, and operate geothermal energy projects on Department of Defense installations located throughout the US under long-term (20+ year) power purchase agreements using private sector financing.
This award marks the first of four renewable and alternative energy technologies being awarded this year under the $7 billion MATOC.  Awards for solar, wind, and biomass technologies will be awarded through the end of 2013.