Profits elude geothermal companies

WASHINGTON – Two taxpayer-backed clean energy companies that specialize in capturing heat from the earth and turning it into electricity are facing deep financial difficulties, according to an analysis of financial records.

The companies, based in the West, have received $195 million in partial federal loan guarantees and grants aimed at promoting clean energy. Although the companies have agreements with utilities to buy their energy, they have not operated at a profit. They face questions similar to those of Solyndra, the now-bankrupt solar manufacturer that received a $535million federal loan in 2009.

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