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Japan May Tap Geothermal Power to Offset Atomic Loss, BNEF Says

Japan can increase the amount of electricity it generates using geothermal resources to offset power shortages as the government reconsiders its reliance on nuclear energy, Bloomberg New Energy Finance said.

The country has the potential to be one of the “world’s biggest generators of geothermal power,” the renewable energy research arm of Bloomberg LP said in a report. There have been no major projects since 1996 and geothermal plants, which use underground hot water and steam to drive turbines, account for 0.2 percent of Japan’s power capacity, according to the report.