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Geothermal energy industry U.S.: Promising future predicted by Glacier Securities


Despite short-term set backs over the past two years, Glacier Securities, a subsidiary of the Icelandic bank Islandsbanki, predicts a promising future for the geothermal energy industry within the United States.

Glacier Securities and Islandsbanki are currently taking part at the Geothermal Energy Expo and the GRC Annual Meeting in San Diego, California, to release their fifth annual United States Geothermal Energy Market Report, as well as to show their commitment to the geothermal energy industry in the United States.

Charles Arrigo, who heads Glacier Securities‘ geothermal efforts explains, “Although the last year has proved challenging for the U.S. geothermal industry, we perceive this as a temporary setback as the fundamentals of geothermal energy remain strong, and with several projects nearing significant milestones, momentum is just around the corner.”

The new United States Geothermal Energy Market Report focuses on the operations, developments and challenges facing the U.S. geothermal energy industry, as well as presenting estimates on capacity additions and financing needs for the next five years.

Arni Magnusson, Head of Islandsbanki’s Geothermal Energy Team, stated, “Islandsbanki is proud to continue its support of the U.S. geothermal industry and to be marking the milestone of the fifth annual United States Geothermal Energy Market Report.”

Islandsbanki maintains an online global overview of the geothermal industry, with in-depth information on the sectors in Iceland and the United States. The Geothermal Industry Dashboard can be viewed here.

The Geothermal Energy Expo and the GRC Annual Meeting is the world’s largest gathering of vendors providing support for geothermal resource exploration, characterisation, development, production and management. The event this year is taking place from October 23rd to 26th in San Diego, California.

The fifth annual United States Geothermal Energy Market Report can now be viewed online via the Islandsbanki website.


 Geothermal Energy
 Energy Conference
 Energy Expo 2011
 Glacier Securities

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