221116 - Geothermal Electric Power Generation
Introduction
In the ever-evolving landscape of renewable energy, NAICS code 221116 stands out as a critical contributor to sustainable power solutions. This classification pertains to Geothermal Electric Power Generation, a sector harnessing the Earth's natural heat to produce electricity. As governments and industries prioritize clean energy, understanding NAICS 221116 becomes increasingly relevant for businesses, policymakers, and researchers focusing on renewable power production.
What Is NAICS Code 221116?
NAICS code 221116 covers establishments that are primarily engaged in generating electric power using geothermal energy sources. These facilities convert geothermal steam or hot water trapped beneath the Earth's surface into electrical energy. Unlike traditional fossil fuel power plants, geothermal power plants offer a clean, renewable, and reliable energy alternative.
Key Activities Include:
- Generating electricity from geothermal steam or hot water
- Operating geothermal power plants
- Managing renewable energy electric utilities focused on geothermal sources
Sector and Typical Business Activities
NAICS 221116 belongs to the Utilities sector, a vital part of national infrastructure responsible for power generation and distribution. Within this sector, businesses classified under 221116 specialize exclusively in the production of electricity from geothermal energy.
Typical Business Types or Activities in NAICS 221116:
- Geothermal Power Plants: Facilities that utilize underground geothermal reservoirs to produce steam and electricity.
- Electricity Generation from Geothermal Steam: Converting geothermal fluids directly into electric power.
- Renewable Energy Electric Utilities: Companies focused on generating clean energy primarily through geothermal sources.
Size Standards and Eligibility
For the purposes of government contracting and small business programs, the size standard for NAICS code 221116 is 250 employees. This means businesses with 250 or fewer employees can qualify as a small business under this classification, making them eligible for various federal assistance and contracting opportunities.
Examples of Businesses Under NAICS 221116
- Companies operating The Geysers geothermal power complex in California.
- Firms managing geothermal plants in the Pacific Northwest.
- Renewable energy utilities specializing in geothermal electricity generation.
These businesses are part of the growing renewable energy sector and play a significant role in reducing carbon emissions and promoting sustainable energy solutions.
NAICS 221116 Code Details
| NAICS Code | Title | Description | Sector | Size Standard (Employees) | Typical Activities |
|---|---|---|---|---|---|
| 221116 | Geothermal Electric Power Generation | Generating electric power using geothermal energy sources | Utilities | 250 | Geothermal power plants; Electricity generation from geothermal steam; Renewable energy electric utilities |
Frequently Asked Questions (FAQ)
What does NAICS code 221116 represent?
It represents businesses primarily engaged in generating electric power from geothermal energy sources.
Which sector does NAICS 221116 fall under?
NAICS 221116 is classified under the Utilities sector.
What kind of businesses fall under this NAICS code?
Geothermal power plants, companies generating electricity from geothermal steam, and renewable energy utilities focused on geothermal energy.
What is the size standard for NAICS 221116?
The size standard is 250 employees for eligibility in small business and government contracting programs.
Why is geothermal electric power generation important?
It provides a reliable, renewable source of electricity with minimal environmental impact, supporting global efforts to reduce greenhouse gas emissions.
Leveraging the insights of NAICS code 221116 helps businesses and contractors align with growing renewable energy initiatives, ensuring they remain competitive in the expanding geothermal electric power generation market. Stay informed, stay sustainable!
