The Board of Port Commissioners for the Port of Oakland, Calif., recently agreed to purchase up to $13.5 million worth of geothermal energy over 12 years.
The geothermal energy will come from Geysers Power Company facilities, about 75 miles north of San Francisco near Middletown. The Geysers is one of the largest geothermal steam fields in the world and the largest complex of geothermal power plants in the world with thirteen facilities along the Sonoma and Lake County border.
The geothermal energy purchase begins on January 1, 2025 and runs through December 31, 2036, and will average around $1,125,000 per year.
Geothermal will account for about 10% per year of our overall energy portfolio to power the Port and its customers.
The Geysers has a net generating capacity of about 725 megawatts of electricity--enough to power 725,000 homes, or a city the size of San Francisco.