GEOTHERMAL POWER: THE BEDROCK OF RENEWABLE ENERGY ENERGIE GEOTHERMIQUE, SEULE SOURCE ALTERNATIVE FOURNISSANT LA CHARGE DE BASE

Save this PDF as:

Size: px
Start display at page:

Download "GEOTHERMAL POWER: THE BEDROCK OF RENEWABLE ENERGY ENERGIE GEOTHERMIQUE, SEULE SOURCE ALTERNATIVE FOURNISSANT LA CHARGE DE BASE"

Transcription

1 GEOTHERMAL POWER: THE BEDROCK OF RENEWABLE ENERGY ENERGIE GEOTHERMIQUE, SEULE SOURCE ALTERNATIVE FOURNISSANT LA CHARGE DE BASE Paul A. Thomsen Public Policy Administrator Ormat Technologies, Inc. Key Words: Geothermal Energy, Base Load, Organic Rankine Cycle, Geothermal in Oil and Gas Abstract This document provides an outlook for the prospects of geothermal energy in current energy markets, which includes application in the oil and gas industries. Geothermal energy is the only alternative source providing base load power. In 2005, 2,800 MW of geothermal plants in the US provided about 15,000 GWh; more than all wind farms in the country. Over the next decade the capacity in the US may increase to 13,000 MW, which would produce more electricity than 30,000 MW of wind farms. Résumé Le document présente les perspectives pour l énergie géothermique sur les marchés actuels, y compris les applications dans l industrie pétrolière et gazière. L énergie géothermique est la seule source alternative pouvant fournir la charge de base d électricité. En 2005 les 2,800 MW de centrales aux Etats-Unis ont produit plus de 15,000 MWh électricité bien plus que toutes les centrales éoliennes. Au cours de la prochaine décennie la puissance installée aux Etats-Unis pourrait attendre 13,000 MW, produisant plus d énergie électrique que 30,000 MW d éoliennes. Introduction Geothermal energy is not experimental. It is a working, practical, clean energy solution used worldwide today, and has been used for over one hundred years. It utilizes conventional technologies and has a proven track record in energy generation, often surpassing that of other renewable resources in the United States. Geothermal energy is a domestic renewable base-load energy supply that provides the greatest MW capacity factor 1, has the smallest environmental footprint of any other renewable, has great future potential 2 and more ancillary services than many other renewable energy resources. Geothermal energy generates approximately 9,000 MW of electricity throughout the world, yet the perception that this energy source is difficult to tap, due to the 1 U.S. DOE. Energy and Geosciences Institute at University of Utah, (May 2001). Geothermal Energy: Clean Sustainable Energy for the Benefit of Humanity and the Environment. [Brochure]. 2 o: papers/wec 2007/ June 13, 2006

2 misconception that it requires water at a temperature greater than 400 F at depths of less than 10,000 ft, prevails even today. Because of recent changes in the marketplace and efficiency enhancements in power conversion, the utilization of geothermal energy is currently being realized in a wide variety of situations and areas 3. Some 2,800 MW of geothermal production in the Western U.S. is on-line 24 hours a day/365 days per year, unlike other renewables, such as wind and solar power. It is nearly independent of weather, and with current technology, produces almost zero emissions, consumes no water, and on a per kwh produced, geothermal has the lowest material content (steel, plastics, etc), the smallest land-use footprint, the lowest CO 2 emission, and the lowest energy consumption for the manufacture and installation of the equipment, of all new renewable energy technologies. Over the next decade, production in the Western US may be increased five-fold to 13,000 MW 4 from identified potential sites. Yet, geothermal energy is often omitted from the world of alternative energy sources and its vast future potential overlooked in discussions of renewable energy. Background Geothermal energy is derived from the natural heat of the earth as water entrapped in deep rock structures, accessed by wells drilled into these structures. Advanced, proven energy conversion technologies, such as Organic Rankine Cycle (ORC) binary, steam or flash systems, are used to generate commercial electricity from geothermal waters at temperatures from 200 to 600 degrees Fahrenheit. Recent technological improvements have made the generation of electricity from lower temperature heat sources possible. These Organic Rankine Cycle binary geothermal plants are more cost effective, operate at a near zero emission rate and avoid acquifer depletion of the resource than other geothermal technologies. Additional developments in ORC power technologies using an intermediate working fluid decouple the power conversion from the resource adding operational flexibility and increasing efficiencies. In addition, Enhanced Geothermal Systems (EGS), currently under development, create geothermal resources by injecting surface water into deep hot artificially fractured rock formations, and may substantially increase geothermal electricity production in the ensuing decade. Australia, Europe, and Japan are actively developing this EGS technology. ORMAT Technologies proven ORC technology, with three decades of R&D behind it, is now able to make many of the existing geothermal resource areas commercially viable for electricity production, as well as enabling the potential commercialization of EGS. Key Elements of Geothermal Energy Production Growth Projections: The United States continues to be the world leader in online capacity of geothermal energy and generation of electric power from geothermal energy. According to the Energy o: papers/wec 2007/ January 11, 2007

3 Information Administration (EIA) 5, geothermal energy in 2004 generated 14,355.8 Gigawatt hours (GWh) of electric generation, or about 66% of the total U.S. annual new renewable energy supply, where new renewable energy is defined as geothermal, wind and solar energy. Although the contribution of total MWh to the generation portfolio of utilities is not dramatic, the fuel risk profile of such technologies is contrary to fossil fuel technologies. Renewable energy benefits utilities by reducing their exposure to fuel price volatility. While the potential for this form of energy appears low on an absolute basis, geothermal power can be a major contributor to the power infrastructure and economic well-being of the Western States. On July 25, 2005, the Western Governors Association (WGA) Geothermal Task Force of the Clean and Diversified Energy Initiative reviewed geothermal resources of the states in the Western Governors' Association region. Two dozen members of the geothermal community met in Reno, Nevada, to assess the potential for commercial development of roughly 140 Known Geothermal Resource Areas (KGRA). The Task Force also estimated the economics of developing these sites for commercial power production for projects that could be on-line in a timeframe extending to 2015, and offered these conclusions to the CDEAC and WGA 6 : The Western States share a capacity of almost 13,000 MW of geothermal energy that can be developed at specific sites within a reasonable timeframe. Of these, 5,600 MW are considered by the geothermal industry to be viable for commercial development within the next 10 years, i.e. by about This is a commercially achievable capacity for new generation and does not include the much larger potential of unknown, undiscovered resources. The 5,600 MW is estimated to be capable of development at busbar costs, which are the prices paid by the utility at the point of delivery, in a range of levelized costs of energy (LCOE) of about 5.3 to 7.9 cents per kilowatt-hour (kwh) in 2006 dollars. This assumes commercial project financing conditions and the extension of a production tax credit (PTC) consistent with current federal energy law. Lacking a PTC to catalyze renewable energy development, LCOE values would be1.9 /kwh higher 7. New geothermal power capacity of 5,600 MW could add nearly 10,000 jobs, and also generate about 36,000 person years of construction and manufacturing business. Geothermal power is a reliable, continuously available base-load energy source that typically operates at 90 to 98 percent of the time. Insulated from conventional fossil fuel market volatility, geothermal power supports energy price stability and boosts energy security because it is a domestic resource. Addressable Market: Although geothermal power plants have been producing electricity for decades, only a small fraction of geothermal potential has been tapped. With new technology and rising energy costs, geothermal resources that historically have not been economical to develop, o: papers/wec 2007/ January 11, 2007

4 have become increasingly more attractive to investors and utilities. New geothermal technologies including direct use, modular Organic Rankine Cycle (ORC) geothermal plants, and combined cycle geothermal ORC and steam turbines, are now playing an important role in reducing overall need for other energy supplies. Developing Momentum At the federal level, we have seen developing momentum from the implementation of the American Job Creation Act, to the increase in the production tax credit. The American Job Creation Act of 2004 took the first steps to expand federal incentives for new geothermal power production. The legislation included new geothermal facilities in the Section 45 production tax credit, providing a 5-year 1.8 cent tax credit for those places in service by January 1, 2006 (Public Law , 10/22/2004). The Energy Policy Act of 2005 (EPAct) expanded upon this legislation and included additional tax incentives and provisions related to the Geothermal Steam Act and Department of Energy research programs. The Energy Policy Act expanded the tax incentive for renewable energy, which includes geothermal, as well as wind, closed loop biomass, and solar 8, to provide new geothermal facilities with the full ten-year 1.9 cents per/kwh credit term of Section 45. It also extended the placed in service deadline through December 31, The new law required an extensive revision to the Geothermal Steam Act of 1970 which included a directive to DOI to place a priority on clearing up its large pending lease backlog. For new leasing, regular lease sales must be held at least every two years in states with geothermal resources, and all leases will be subject to competitive bidding. The BLM and Forest Service are directed to adopt a 5-year leasing plan for National Forests with geothermal potential. The royalty provisions of the law are re-written and simplified. For new leases, royalties will be determined on a "gross proceeds" basis. Royalty for existing leases are reduced for expanded production in the next four years (following enactment). County governments will receive 25% of the royalty income, and the federal share of royalties is dedicated to the BLM geothermal program for the next five years to provide the resources needed to address the lease and permit backlog and implement amendments to the law. The EPAct included a significant increase in the funding authorized for DOE s renewable research programs, including geothermal energy. It also included specific direction and goals for their geothermal research efforts and created an Intermountain West Geothermal Consortium to facilitate collaboration between researchers and industry to harness the under-utilized geothermal resource in the West. The Energy Policy Act of 2005 (EPAct/HR 6) was signed into law on August 8, 2005 as Public Law Applications Outside Traditional Geothermal Usage On March 13-14, 2006, Southern Methodist University held a conference around geothermal applications in oil and gas settings. The objective of this first-ever type of 8 rentpageid=1 o: papers/wec 2007/ January 11, 2007

5 conference was to bring together geothermal industry experts with hydrocarbon development companies, state and federal government agencies, research groups, and other interested parties to exchange information and discuss the economic feasibility of geothermal energy from hot water in oil and gas settings. Advantages of geothermal technology for the oil and gas industry include: Secondary geothermal energy could pay for the cost of pumping water in flood situations - i.e. floodwater would become a valuable commodity; The technology is grounded in the practices of the hydrocarbon industry; A basic infrastructure already exists - i.e. roads, power lines, etc.; Geothermal systems can use existing oil and gas reservoirs or modify them after production ends; Development costs are lower than start-from-scratch geothermal development costs, and estimated payouts may be as low as 3-5 years; and Mini-power plants can be scaled and enlarged as systems are developed and technology continues to evolve; they can be moveable to meet the changing needs of the oil and gas field evolution. Momentum is also gathering in the production of hydrogen from geothermal. Geothermal electricity can be used to produce hydrogen from electrolysis and water. This method of electricity production offers high availability with between 7,600 8,000 operating hours per year. The 40 GWh electricity production per year from one 5 MW geothermal plant is sufficient to produce enough hydrogen for the operation of an average fueling station with about 400 refuelings per day at a cost about percent higher than today s gasoline (including taxes) 9. Hydrogen might be produced from various sources. One option is the production from geothermal resources via electrolysis. In countries rich in geothermal sources, geothermal hydrogen will certainly become a major energy vector (e.g. Iceland is already on the way to this realization). Whether this option becomes a reality in relation to others within a hydrogen economy, will depend on geothermal. Conclusion The geothermal industry is poised to make approximately a five-fold increase in geothermal projects coming online, from 2,800 MWs to 13,000 MWs in the next decade. This represents a capital investment of approximately 40 billion dollars over the next decade. 9 o: papers/wec 2007/ January 11, 2007

Geothermal: The Clean Energy Secret May 7, 2008

Geothermal: The Clean Energy Secret May 7, 2008 Geothermal: The Clean Energy Secret May 7, 2008 Published by Dr. Patrick Moore in conjunction with the New York Affordable Reliable Electricity Alliance (New York AREA) Geothermal: The Clean Energy Secret

More information

GEOTHERMAL POWER GENERATION A PRIMER ON LOW-TEMPERATURE, SMALL-SCALE APPLICATIONS

GEOTHERMAL POWER GENERATION A PRIMER ON LOW-TEMPERATURE, SMALL-SCALE APPLICATIONS GEOTHERMAL POWER GENERATION A PRIMER ON LOW-TEMPERATURE, SMALL-SCALE APPLICATIONS by Kevin Rafferty Geo-Heat Center January 2000 REALITY CHECK Owners of low-temperature geothermal resources are often interested

More information

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Before the U.S. House of Representatives Select Committee on Energy Independence and Global Warming Blowing

More information

Three main techniques are used to exploit the heat available: geothermal aquifers, hot dry rocks and ground-source heat pumps.

Three main techniques are used to exploit the heat available: geothermal aquifers, hot dry rocks and ground-source heat pumps. GEOTHERMAL ENERGY TECHNOLOGY DESCRIPTION Geothermal energy is the natural heat that exists within the earth and that can be absorbed by fluids occurring within, or introduced into, the crustal rocks. Although,

More information

ASSOCIATION INC Geothermal Energy: New Zealand s most reliable sustainable energy resource

ASSOCIATION INC Geothermal Energy: New Zealand s most reliable sustainable energy resource NEW PO Box 11-595 ZEALAND GEOTHERMAL Tel: 64-9-474 2187 ASSOCIATION INC Geothermal Energy: New Zealand s most reliable sustainable energy resource Current Status, Costs and Advantages of Geothermal East

More information

PAMUN XV ENVIRONMENT COMMITTEE PROMOTING THE MOVEMENT TOWARDS RENEWABLE RESOURCES OF ENERGY

PAMUN XV ENVIRONMENT COMMITTEE PROMOTING THE MOVEMENT TOWARDS RENEWABLE RESOURCES OF ENERGY PAMUN XV ENVIRONMENT COMMITTEE PROMOTING THE MOVEMENT TOWARDS RENEWABLE RESOURCES OF ENERGY Introduction of Topic Currently non-renewable resources make up 85% of the world's energy consumption; a major

More information

USE OF GEOTHERMAL RESOURCES IN THE AZORES ISLANDS: A CONTRIBUTION TO THE ENERGY SELF-SUFFICIENCY OF A REMOTE AND ISOLATED REGION

USE OF GEOTHERMAL RESOURCES IN THE AZORES ISLANDS: A CONTRIBUTION TO THE ENERGY SELF-SUFFICIENCY OF A REMOTE AND ISOLATED REGION SEMINÁRIO REDES ENERGÉTICAS DO FUTURO: desafios para a Macaronésia Ribeira Grande, 13 de Dezembro de 2011 USE OF GEOTHERMAL RESOURCES IN THE AZORES ISLANDS: A CONTRIBUTION TO THE ENERGY SELF-SUFFICIENCY

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by Transforming America s Energy Future Kentucky Energy Statistics Developed by 2 2 Summary The first edition of Kentucky Energy Statistics is offered by the National Association for State Energy Officials

More information

5-Minute Refresher: RENEWABLE ENERGY

5-Minute Refresher: RENEWABLE ENERGY 5-Minute Refresher: RENEWABLE ENERGY Renewable Energy Key Ideas Renewable energy is a source of energy that can be used and replenished naturally in a relatively short period of time. Non renewable energy

More information

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN Dr. Harry Lehmann 1 It has long been known that to protect people and the environment from both nuclear risks and dangerous levels of climate

More information

The Vast Potential for Renewable Energy in the American West

The Vast Potential for Renewable Energy in the American West The Vast Potential for Renewable Energy in the American West Developing Wind, Solar, and Geothermal Energy on Public Lands Jessica Goad, Daniel J. Weiss, and Richard Caperton August 2012 Introduction Arizona,

More information

Cutting Australia s Carbon Abatement Costs with Nuclear Power

Cutting Australia s Carbon Abatement Costs with Nuclear Power Cutting Australia s Carbon Abatement Costs with Nuclear Power Martin Nicholson, October 2011 Abstract The Australian Government Treasury modelling of a carbon price shows that Australia must purchase the

More information

Renewable Energy from Depleted Oil Fields using Geothermal Energy. Ramsey Kweik Southern Methodist University Geothermal Lab

Renewable Energy from Depleted Oil Fields using Geothermal Energy. Ramsey Kweik Southern Methodist University Geothermal Lab Renewable Energy from Depleted Oil Fields using Geothermal Energy Ramsey Kweik Southern Methodist University Geothermal Lab Outline What is Geothermal Energy? Why geothermal in Texas? Types of Power Plants

More information

rising Electricity Costs:

rising Electricity Costs: rising Electricity Costs: A Challenge For Consumers, Regulators, And Utilities Electricity is the lifeblood of the U.S. economy. It powers our homes, offices, and industries; provides communications, entertainment,

More information

Module 7 Forms of energy generation

Module 7 Forms of energy generation INTRODUCTION In rich countries like Australia, our standard of living is dependent on easily available energy. Every time you catch a bus, turn on a light or watch television energy is being used up. Over

More information

Benefits of Geothermal Energy By Dr. Silas Simiyu

Benefits of Geothermal Energy By Dr. Silas Simiyu Benefits of Geothermal Energy By Dr. Silas Simiyu Introduction Geo means Thermal means Intoduction The Earth Crust Mantle Outer core Inner core Is renewable and sustainable Reservoir managed well (Re-injection)

More information

State of Renewables. US and state-level renewable energy adoption rates: 2008-2013

State of Renewables. US and state-level renewable energy adoption rates: 2008-2013 US and state-level renewable energy adoption rates: 2008-2013 Elena M. Krieger, PhD Physicians, Scientists & Engineers for Healthy Energy January 2014 1 Introduction While the United States power sector

More information

Hot Rocks Geothermal Drilling, Operations and Insurance Implications

Hot Rocks Geothermal Drilling, Operations and Insurance Implications Hot Rocks Geothermal Drilling, Operations and Insurance Implications Gary Mawditt MatthewsDaniel London September 28, 2012 Geothermal Drilling, Operations & Insurance Implications What is it / Where is

More information

Clean State Energy Actions 2011 Update. connecticut

Clean State Energy Actions 2011 Update. connecticut Energy Efficiency Appliance/Equipment Efficiency Standards Building Energy Codes Utility Demand-Side-Management Utility Rate Realignment Energy Savings Targets/Energy Efficiency Resource Standards Public

More information

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed.

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 310 Exam Questions 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 2) What are the three main aspects that make an energy source sustainable?

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

Unlocking Electricity Prices:

Unlocking Electricity Prices: Volume 2 A BidURenergy White Paper Unlocking Electricity Prices: A White Paper Exploring Price Determinants by: Mark Bookhagen, CEP pg. 2 Written by Mark Bookhagen, CEP Introduction In order to be classified

More information

A Guide to Competition and Regulatory Policy During Interesting Times

A Guide to Competition and Regulatory Policy During Interesting Times Appendix Figures for the White Paper: Allocating Investment Risk in Today s Uncertain Electric Industry: A Guide to Competition and Regulatory Policy During Interesting Times Susan Tierney Analysis Group

More information

Overview of Long Island Electric Service Territory

Overview of Long Island Electric Service Territory Overview of Long Island Electric Service Territory Long Island Electric Service Territory» Long Island s electric service customers are located in Nassau County and Suffolk County (except for the villages

More information

ANALYZING ENERGY. Time and Student Grouping Energy Source Analysis and Consequence Wheel: One class period. Grade Levels: 6-12

ANALYZING ENERGY. Time and Student Grouping Energy Source Analysis and Consequence Wheel: One class period. Grade Levels: 6-12 ANALYZING ENERGY Lesson Concepts: Students will analyze the advantages and disadvantages of nine different energy sources. They will use their knowledge to predict what would happen if the world did not

More information

Energy: renewable sources of energy. Renewable Energy Sources

Energy: renewable sources of energy. Renewable Energy Sources Energy: renewable sources of energy Energy Sources 1 It is technically and economically feasible to phase out net greenhouse gas (GHG) emissions almost entirely by 2050. A report by energy consulting firm

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening

More information

THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES. Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404

THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES. Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404 THE FUTURE OF NUCLEAR POWER IN THE UNITED STAES Richard A. Meserve Carnegie Institution 1530 P St., NW Washington, DC 20004 202-387-6404 Outline Factors affecting domestic interest in nuclear power Challenges

More information

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT June 28, 1999 ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT INTRODUCTION A few months ago in the FY 2000 budget the President proposed a $3.6 billion

More information

ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012

ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012 ELECTRICITY FROM RENEWABLE ENERGY IN VICTORIA 2011 June 2012 Executive Summary This report provides an overview of Victoria s electricity generation from renewable energy sources in 2012. The report presents

More information

Do-Now. 1.) Get out notebook.

Do-Now. 1.) Get out notebook. Do-Now 1.) Get out notebook. 2.) Answer the following questions on the first clean sheet in your notebook. 1.) What are renewable resources? 2.) What are nonrenewable resources? Alternative Sources of

More information

OVERCOMING BARRIERS TO GEOTHERMAL ENERGY PROJECTS FOR QUEENSLAND COUNCILS

OVERCOMING BARRIERS TO GEOTHERMAL ENERGY PROJECTS FOR QUEENSLAND COUNCILS OVERCOMING BARRIERS TO GEOTHERMAL ENERGY PROJECTS FOR QUEENSLAND COUNCILS DANIEL WESTALL DIRECTOR, ENERGY PROJECTS ALL-ENERGY 2015 AGENDA Introduction to LGIS Geothermal energy projects Overcoming the

More information

RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey

RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey THE UNION OF CHAMBERS AND COMMODITY EXCHANGES OF TURKEY RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey 17.April 2012 Gökmen Topuz Energy Council Vice Chairman INDEX Turkish Energy

More information

Strategies for the Use of Sustainable and Renewable Energy (SURE) Track 7 State and Federal Policies and Incentives.

Strategies for the Use of Sustainable and Renewable Energy (SURE) Track 7 State and Federal Policies and Incentives. Strategies for the Use of Sustainable and Renewable Energy (SURE) Track 7 State and Federal Policies and Incentives October 27, 2006 ultra-clean power delivered to customers around the world State and

More information

Chapter 5 Renewable Energy

Chapter 5 Renewable Energy Chapter 5 Renewable Energy Introduction In FY 2012, 12.2% of the nation's electric power was generated via renewable resources. 26 The Administration s energy strategy encourages increased conventional

More information

12.5: Generating Current Electricity pg. 518

12.5: Generating Current Electricity pg. 518 12.5: Generating Current Electricity pg. 518 Key Concepts: 1. Electrical energy is produced by energy transformations. 2. Electrical energy is produced from renewable and non-renewable resources. 4. Electrical

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

THE GEYSERS Renewable, Geothermal Energy. Mike Rogers, Senior Vice President Calpine Geothermal Operations

THE GEYSERS Renewable, Geothermal Energy. Mike Rogers, Senior Vice President Calpine Geothermal Operations THE GEYSERS Renewable, Geothermal Energy Mike Rogers, Senior Vice President Calpine Geothermal Operations Impact Sonoma Energy: Plugging Into Sonoma County s Future 18 October 2012 Geothermal Fields: Resources

More information

We discuss a number of changes to government incentives schemes in Europe and update investors on the fund s progress

We discuss a number of changes to government incentives schemes in Europe and update investors on the fund s progress Matthew Page Ed Guinness Commentary and Review by co-portfolio managers Edward Guinness and Matthew Page Alternative Energy We discuss a number of changes to government incentives schemes in Europe and

More information

Environmental Science 101 Energy. Web-Based Course. Lecture Outline: Terms You Should Know: Learning Objectives: Reading Assignment:

Environmental Science 101 Energy. Web-Based Course. Lecture Outline: Terms You Should Know: Learning Objectives: Reading Assignment: Environmental Science 101 Energy 1 Web-Based Course Lecture Outline: 5. RENEWABLE ENERGY RESOURCES MODULE 5.1 Improving Energy Efficiency A. Improving Energy Efficiency MODULE 5.2 Geothermal, Hydro and

More information

Solar PV panels fitted to roofs. Solar PV panels produce electricity from energy provided by sunlight. 3.5 MWh per system

Solar PV panels fitted to roofs. Solar PV panels produce electricity from energy provided by sunlight. 3.5 MWh per system Solar PV panels fitted to roofs Yearly cost of production Cost per kwh 12.5p Solar PV panels produce electricity from energy provided by sunlight. 3.5 MWh per system 430 per system Solar energy can be

More information

Renewable Energy. Contributing Proven Solutions to the World

Renewable Energy. Contributing Proven Solutions to the World Renewable Energy Contributing Proven Solutions to the World It s clear that climate change is a threat that can only be tackled through the combined efforts of the international community. The solution

More information

City of Momence Electric Aggregation Renewal

City of Momence Electric Aggregation Renewal City of Momence Electric Aggregation Renewal Following the passage of a voter referendum in November 2012, the City of Momence contracted to procure lower-cost electric supply for residents and small businesses

More information

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne Energy underpins our Civilization Imagine one week without Electricity Imagine one week without Motorized

More information

Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions

Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions Natural Gas & Energy Efficiency: Keys to Reducing GHG Emissions Janet Gail Besser, Vice President, Regulatory Strategy NARUC 120 th Annual Convention November 17, 2008 New Orleans, Louisiana Overview 1.

More information

Banking on Renewables

Banking on Renewables RURAL INFRASTRUCTURE BRIEFINGS Banking on Renewables These Briefings showcase different facets of the rural infrastructure industries: power, energy, and utilities; water utilities; and communications.

More information

Economic Analysis of Ohio s Renewable and Energy Efficiency Standards

Economic Analysis of Ohio s Renewable and Energy Efficiency Standards Economic Analysis of Ohio s Renewable and Energy Efficiency Standards Ohio State Researchers Find Ohio s Renewable and Energy Efficiency Standards Have Saved Ratepayers 1.4% Since Inception, and Weakening

More information

Clean and Diversified Energy Initiative

Clean and Diversified Energy Initiative Clean and Diversified Energy Initiative Geothermal Task Force Report January 2006 Western Governors Association Clean and Diversified Energy Initiative Geothermal Task Force Report The Western Governors

More information

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2 The Future of Energy Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University Seminar 2 Outline of Lectures Seminar 1: Energy & Electricity Use in the U.S. Peak Oil? Clean Coal

More information

CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY

CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY Introduction Canadians are among the highest energy consumers in the world. Why? (list 3 possible reasons) Northern climate/very cold temperatures

More information

ICONICS GEO Productivity Portals Target Renewable Energy Solutions

ICONICS GEO Productivity Portals Target Renewable Energy Solutions ARC VIEW JUNE 11, 2009 ICONICS GEO Productivity Portals Target Renewable Energy Solutions By Craig Resnick Summary ICONICS recently briefed ARC regarding the company s GEO Productivity Portal solutions.

More information

Geysir Green Energy. Iceland. March 2008

Geysir Green Energy. Iceland. March 2008 Geysir Green Energy Iceland March 2008 THE COMPANY Geysir Green Energy was founded in January 2007 by several Icelandic investors. Company founders provide firm backing and have a long term view of the

More information

World Geothermal Market & Outlook

World Geothermal Market & Outlook ADVISORY World Geothermal Market & Outlook An insight into KPMG s report on the international geothermal energy sector kpmg.is 2 Section or Brochure name KPMG s report World Geothermal Market & Outlook

More information

Success story: Feed-In Tariffs Support renewable energy in Germany

Success story: Feed-In Tariffs Support renewable energy in Germany Success story: Feed-In Tariffs Support renewable energy in Germany This document will show how this success story has been brought about and is made up of the following sections: 1. What is a Feed-In Tariff?

More information

Smarter Energy: optimizing and integrating renewable energy resources

Smarter Energy: optimizing and integrating renewable energy resources IBM Sales and Distribution Energy & Utilities Thought Leadership White Paper Smarter Energy: optimizing and integrating renewable energy resources Enabling industrial-scale renewable energy generation

More information

The Role of Natural Gas in a Sustainable Energy Market

The Role of Natural Gas in a Sustainable Energy Market The Role of Natural Gas in a Sustainable Energy Market INTERNATIONAL GAS UNION 5 THE ROLE OF NATURAL GAS IN A SUSTAINABLE ENERGY MARKET 4 1 FOREWORD The concentration of CO 2 in the atmosphere is soon

More information

Solar Energy Alternative and their Potential in the Arab World

Solar Energy Alternative and their Potential in the Arab World Short Paper Series Short paper #2 Solar Energy Alternative and their Potential in the Arab World - August 2008 - Written and Researched by: Taha Roushdy Edited by: Ahmed Zahran - 1 - The aim of the short

More information

A Green Sector Overview

A Green Sector Overview A Green Sector Overview Micro Hydro Electric Power Ontario's Waterpower Resources: Past and Present The first hydroelectric generator in Canada was installed near Ottawa, which was the first city in North

More information

ENERGY PRODUCING SYSTEMS

ENERGY PRODUCING SYSTEMS ENERGY PRODUCING SYSTEMS SOLAR POWER INTRODUCTION Energy from the sun falls on our planet on a daily basis. The warmth of the sun creates conditions on earth conducive to life. The weather patterns that

More information

GLOBALWORKPLACESOLUTIONS-ENERGY SERVICES. Reduce energy costs and greenhouse gas emissions across your portfolio

GLOBALWORKPLACESOLUTIONS-ENERGY SERVICES. Reduce energy costs and greenhouse gas emissions across your portfolio GLOBALWORKPLACESOLUTIONS-ENERGY SERVICES Reduce energy costs and greenhouse gas emissions across your portfolio Manage the risk of rising energy costs in a sustainable way You are under increasing pressure

More information

Renewable Choice Energy

Renewable Choice Energy Catawba College Table of Contents About Renewable Choice The Problem: Electricity Production Today The Solutions: Renewable Energy Sources Renewable Energy Credits (RECs) Who can participate in Renewable

More information

GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES

GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES DIRK VAHLAND / ENERGY MANAGEMENT OVERVIEW 1 German energy transition 2 Negative

More information

Clean Energy Jobs Plan

Clean Energy Jobs Plan Clean Energy Jobs Plan Introduction When I was governor, California was the world leader in renewable energy and it led the nation in efficiency standards. Our programs saved California consumers billions

More information

The cost of energy is an important concern for businesses, institutions, and

The cost of energy is an important concern for businesses, institutions, and Introduction: The cost of energy is an important concern for businesses, institutions, and people. The volatility of the fuel oil and natural market has reintroduced the desire to move away from dependency

More information

Renewable Energy Research

Renewable Energy Research Renewable Energy Research Georgia Power and Southern Company have been active in renewable energy research for many years. Over the last five years we have invested six million dollars in renewable energy

More information

Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France

Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France Japan - U.S. Workshop on Sustainable Energy Future June 26, 2012 Naoya Kaneko, Fellow Center for Research

More information

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Craig Chambers AECOM Australia Pty Ltd of 420 George Street, Sydney, NSW 2000 Australia Keywords : Solar PV, sustainability,

More information

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Page 1 of 11 F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1 Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Motion 1. That Council resolves that the Chair of the Environment

More information

The Solar Ice storage system

The Solar Ice storage system Solar Icetec, LLC Reno, Nevada Internet: E-Mail Office: www.solaricetec.com info@solaricetec.com (775) 983 0775 The Solar Ice storage system Heating and cooling with the power of nature The Solar Ice storage

More information

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading

More information

Renewable Energy Credit (REC) Price Forecast (Preliminary Results)

Renewable Energy Credit (REC) Price Forecast (Preliminary Results) Renewable Energy Credit (REC) Price Forecast (Preliminary Results) OVERVIEW What is a REC price forecast and why is it needed? Interest in renewable energy has increased worldwide in response to concerns

More information

welcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi

welcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi welcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi Turkish Map 65,000,000,000 Dollars Current Deficit Overview Turkish Electricity Market-Growth Potential Turkey s importance

More information

DATA CENTRE DESIGN AND

DATA CENTRE DESIGN AND SPUSC 2008 SOUTH PACIFIC USER SERVICES CONFERENCE DATA CENTRE DESIGN AND ENERGY INITIATIVES Presented by Jarrad Clift Electrical Engineer Greenstar Accredited Presentation Content Data Centres General

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Introduction From DEC s President and CEO

Introduction From DEC s President and CEO Delaware Electric Cooperative Sustainability Report 2014-2015 Introduction From DEC s President and CEO Every day employees at Delaware Electric Cooperative arrive at work with one clear objective; To

More information

Serenbe Green Geothermal Solutions with Bosch Thermotechnology

Serenbe Green Geothermal Solutions with Bosch Thermotechnology Serenbe Green Geothermal Solutions with Bosch Thermotechnology Geothermal Heating and Cooling boschheatingandcooling.com C1 Residential Geothermal Heat Pumps The Bosch Complete Solution The Serenbe Community,

More information

Oregon Renewable. Energy. Resources. Inside this Brief. Background Brief on. Overview of Renewable Energy. Renewable Portfolio Standard

Oregon Renewable. Energy. Resources. Inside this Brief. Background Brief on. Overview of Renewable Energy. Renewable Portfolio Standard Background Brief on September 2014 Inside this Brief Overview of Renewable Energy Renewable Portfolio Standard Energy Facility Siting Renewable Energy Legislation Staff and Agency Contacts State Capitol

More information

Energy Sources in Siciliy

Energy Sources in Siciliy COMENIUS PROJECT Energy Sources in Siciliy Solar Energy Gas Energy Wind Energy Biomass Energy Thermic Energy Coal Energy Water Energy Geothermal Energy Map Power Plants Hidroelectric Power Plant Solar

More information

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World...

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World... ESBI Company Profile ESB International Bringing Energy Innovation to the World... ESB International ESBI is one of Europe s most progressive and commercially focused electricity consultancy firms with

More information

Renewable Energy. Winner, Loser, or Innocent Victim? by Dallas Burtraw, Joel Darmstadter, Karen Palmer, and James McVeigh

Renewable Energy. Winner, Loser, or Innocent Victim? by Dallas Burtraw, Joel Darmstadter, Karen Palmer, and James McVeigh Renewable Energy Winner, Loser, or Innocent Victim? by Dallas Burtraw, Joel Darmstadter, Karen Palmer, and James McVeigh Predictions that wind, solar power, and other renewable energy sources would make

More information

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

More information

Powering NSW. March 2009

Powering NSW. March 2009 Powering NSW March 2009 Executive Summary The NSW Business Chamber is concerned about the future of electricity supply in NSW. The failure to privatise the electricity generators in NSW means the State

More information

Ocean Thermal Energy Solutions Francois-Marie THIEBOT Marine Energies Product Line

Ocean Thermal Energy Solutions Francois-Marie THIEBOT Marine Energies Product Line DCNS June 2015 all rights reserved / / todos los los derechos reservados / / tous tous droits droits réservés réservés Crédits photos : DCNS, Marine nationale nationale Ocean Thermal Energy Solutions Francois-Marie

More information

Wind Energy in Texas: Developments & Trends

Wind Energy in Texas: Developments & Trends Wind Energy in Texas: Developments & Trends German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services 2011, Hannover Messe Agenda Market Overview

More information

Solar Power in China. By Zhou Fengqing

Solar Power in China. By Zhou Fengqing Solar Power in China By Zhou Fengqing Overview Adjust Chinese power structure Feasibility of solar power in China Solar energy as national policies Legislations of solar energy Adjust Chinese Power Structure

More information

Stationary Energy Storage Solutions 3. Stationary Energy Storage Solutions

Stationary Energy Storage Solutions 3. Stationary Energy Storage Solutions Stationary Energy Storage Solutions 3 Stationary Energy Storage Solutions 2 Stationary Energy Storage Solutions Stationary Storage: Key element of the future energy system Worldwide growing energy demand,

More information

Totally Integrated Power SIESTORAGE. The modular energy storage system for a reliable power supply. www.siemens.com/siestorage

Totally Integrated Power SIESTORAGE. The modular energy storage system for a reliable power supply. www.siemens.com/siestorage Totally Integrated Power SIESTORAGE The modular energy storage system for a reliable power supply www.siemens.com/siestorage Totally Integrated Power (TIP) We bring power to the point. Our products, systems,

More information

AN ACT RELATING TO UTILITIES; ALLOWING RENEWABLE ENERGY CERTIFICATES TO BE ISSUED FOR THE USE OF THERMAL ENERGY PRODUCED BY

AN ACT RELATING TO UTILITIES; ALLOWING RENEWABLE ENERGY CERTIFICATES TO BE ISSUED FOR THE USE OF THERMAL ENERGY PRODUCED BY AN ACT RELATING TO UTILITIES; ALLOWING RENEWABLE ENERGY CERTIFICATES TO BE ISSUED FOR THE USE OF THERMAL ENERGY PRODUCED BY GEOTHERMAL ENERGY SOURCES; SETTING STANDARDS FOR MEASUREMENT OF THERMAL ENERGY

More information

Projected Costs of Generating Electricity

Projected Costs of Generating Electricity Executive Summary Projected Costs of Generating Electricity 2015 Edition Projected Costs of Generating Electricity 2015 Edition INTERNATIONAL ENERGY AGENCY NUCLEAR ENERGY AGENCY ORGANISATION FOR ECONOMIC

More information

Smart solutions for fleets of all types & sizes of power generation. Marcus König, E F IE SGS / September 2013

Smart solutions for fleets of all types & sizes of power generation. Marcus König, E F IE SGS / September 2013 Smart solutions for fleets of all types & sizes of power generation Marcus König, E F IE SGS / September 2013 Instrumentation, Controls & Electrical The Siemens structure: Four Sectors close to the customer

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

WIND AND SOLAR ENERGY DEVELOPMENTS IN IRAN

WIND AND SOLAR ENERGY DEVELOPMENTS IN IRAN WIND AND SOLAR ENERGY DEVELOPMENTS IN IRAN H. Kazemi Karegar a,b, A.Zahedi a,v. Ohis a, G. taleghani b and M. Khalaji b a Department of Electrical & Computer Systems Engineering, PO Box 35, Monash University,

More information

Summary technical description of the SUNSTORE 4 plant in Marstal

Summary technical description of the SUNSTORE 4 plant in Marstal Summary technical description of the SUNSTORE 4 plant in Marstal The purpose of the SUNSTORE concept implemented in Marstal is to show that district heating can be produced with 100 % RES of which solar

More information

STATE OF CALIFORNIA ENERGY RESOURCES CONSERVATION AND DEVELOPMENT COMMISSION

STATE OF CALIFORNIA ENERGY RESOURCES CONSERVATION AND DEVELOPMENT COMMISSION STATE OF CALIFORNIA ENERGY RESOURCES CONSERVATION AND DEVELOPMENT COMMISSION Implementation of Renewables ) Docket No. 03-RPS-1078 Portfolio Standard Legislation (Public ) RPS Proceeding Utilities Code

More information

How to Earn the LEED Green Power Credit

How to Earn the LEED Green Power Credit 3D EG REES WH ITE PAPER How to Earn the LEED Green Power Credit Using on-site and off-site renewable energy to mitigate the impact of greenhouse gas emissions associated with a LEED project s energy use

More information

A Resource Guide to In State Hydropower Production

A Resource Guide to In State Hydropower Production A Resource Guide to In State Hydropower Production Thursday, October 11, 2007 Fairfax, VT Hydro Facility Owned & Operated by CVPS Published by: Winooski, VT Winooski One Hydro Electric Facility Introduction

More information