Geothermal Energy Generation - Technology Market Penetration and Roadmapping (TI)<br />
Table of Contents <br />4. Opportunity Evaluation and Roadmapping <br />Scenario Modelling & Emerging Opportunities<br /> ...
Geothermal resources can deliver clean and sustainable energy that could act as a base-load supplying power plant (just li...
Research Methodology<br />Step 1: To provide a thorough analysis of each topic, Technical Insights’ analysts perform a rev...
Key Findings<br />1<br />Pure-Play developers, utilities and IPPs, technical consultants, exploration companies/technologi...
Geothermal Systems – SegmentsTechnology Capability (1/5)<br />Geothermal energy is a clean and renewable energy extracted ...
Geothermal Reservoir Hot Spots<br />Technology Capability (2/5)<br />
Impact of Business Accelerators/Drivers (1/2)<br />Green energy source<br />Base load renewable energy generation<br />Low...
Impact of Business Challenges (1/2)<br />High initial investment<br />Big initial risk<br />Technical <br />Resource Crunc...
It is especially important for project developers<br />EPC contractors are taking most of risk on their shoulders<br />Imp...
Technology Market Impact Analysis - Analytical Hierarchy Process (AHP) Tree <br />Level 1 Criteria<br />Level 0 Criteria<b...
Governments have started supporting geothermal projects. This trend will accelerate in the future due to the technology’s ...
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Technical Insights - Geothermal Energy Generation - Technology Market Renetration and Roadmapping

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Technical Insights - Geothermal Energy Generation - Technology Market Renetration and Roadmapping

  1. 1. Geothermal Energy Generation - Technology Market Penetration and Roadmapping (TI)<br />
  2. 2. Table of Contents <br />4. Opportunity Evaluation and Roadmapping <br />Scenario Modelling & Emerging Opportunities<br /> Technology Impact Analysis<br /> Technology Management Strategies <br />Key Patents and Contact Details<br />Appendix<br />About Frost & Sullivan<br />Executive Summary<br />Research Outline<br />Research Methodology<br />Key Findings<br />1. Technology Snapshot and Trends<br />Technology Capability <br />Technology Value Chain<br />2. Impact Assessment & Analysis<br />Market Impact of Key Innovations<br />Impact of Technology / Business Accelerators <br />Impact of Technology / Business Challenges<br />3. Diffusion of Innovations and Needs Assessment<br />Technology Adoption <br />Demand Side Analysis <br />
  3. 3. Geothermal resources can deliver clean and sustainable energy that could act as a base-load supplying power plant (just like coal fired or nuclear power plants). In addition geothermal energy is renewable and unlimited (or almost unlimited) source of electricity and heat. <br />This research service offers insights on the roadmap and penetration prospects of geothermal energy generation related technologies , and recommendations for stakeholders to enhance their penetration in the market.<br />This report provides: <br />Brief snapshot of the technology; Key benefits or strengths<br />Impact of key innovations and developments<br />An overview of key drivers and challenges<br />Region-wise technology adoption and demand-side analysis<br />Technology Roadmap – By Adoption Prospects – Evaluated using multi-criteria decision making tool (MCDM) called as Analytical Hierarchy Process (AHP) that analyzes the adoption / penetration of geothermal energy generation technologies<br />Evaluation of emerging opportunities and management strategies for stakeholders of geothermal energy generation sector<br />Research Outline<br />
  4. 4. Research Methodology<br />Step 1: To provide a thorough analysis of each topic, Technical Insights’ analysts perform a review of patents to become familiar with the major developers and commercial participants and their processes.<br />Step 2: Building on the patent search, the analysts review abstracts to identify key scientific and technical papers that provide insights into key industry participants and the technical processes on which they work.<br />Step 3: The analysts then create a detailed questionnaire with content created to address the research objectives of the study, which functions as a guide during the interview process. While the analysts use structured questionnaires to guarantee coverage of all the desired issues, they also conduct interviews in a conversational style. This approach results in a more thorough exchange of views with the respondents, and offers greater insight into the relevant issues than more structured interviews may provide.<br />Step 4: The analysts conduct primary research with key industry participants and technology developers to obtain the required content. Interviews are completed with sources located throughout the world, in universities, national laboratories, governmental and regulatory bodies, trade associations, and end-user companies, among other key organizations. Our analysts contact the major commercial participants to find out about the advantages and disadvantages of processes and the drivers and challenges behind technologies and applications. Our analysts talk to the principal developers, researchers, engineers, business developers, analysts, strategic planners, and marketing experts, among other professionals.<br />Step 5: The project management and research team reviews and analyses the research data that are gathered and adds its recommendations to the draft of the final study. Having conducted both published studies and custom proprietary research covering many types of new and emerging technology activities as well as worldwide industry analysis, the management and research team adds its perspective and experience to provide an accurate, timely analysis. The analysts then prepare written final research services for each project and sometimes present key findings in analyst briefings to clients.<br />
  5. 5. Key Findings<br />1<br />Pure-Play developers, utilities and IPPs, technical consultants, exploration companies/technologies, drilling companies/technologies, equipment suppliers and EPC contractors have been recognized as key stakeholders of geothermal technology value chain<br />Geothermal reservoir exploration methods together with drilling technologies have big influence on overall geothermal project cost<br />2<br />The highest potential for improvements is in exploration and drilling technologies <br />3<br />Utilization of novel geothermal systems will play an important role in the future of geothermal energy technology<br />4<br />Exploration and utilization of novel geothermal reservoirs has the potential to significantly expand todays geothermal energy market<br />5<br />Analytical hierarchy process (AHP) based analysis, reveals that hydrothermal spallation drilling technology would have the greatest impact in the industry in the future. Although Enhanced Geothermal Systems will play important role in the geothermal industry in another 5-7 years time frame. The hydrothermal spallation drilling obtained a preference value of 26%, against Fluid Hammer Drilling (15%), Plasma Drilling (9%), EGS (19%), LiDAR Exploration (15%) and Magnetotelluric Surveys (16%). <br />6<br />
  6. 6. Geothermal Systems – SegmentsTechnology Capability (1/5)<br />Geothermal energy is a clean and renewable energy extracted from the earth. This energy can be harvested from geothermal systems which are confined to the upper crust where local geological conditions create a heat-flow to the surface which is significantly higher than the global mean value ~ 80mW/m2. <br />GEOTHERMAL<br />SYSTEMS<br />-<br />SEGMENTS<br />Normal and low heat-flow areas<br />Deep drilling into naturally fractured formations<br />Sedimentary basin heat accumulation <br />Convection dominated systems<br />Enhanced Geothermal System (EGS)<br />Volcanic geothermal system<br />
  7. 7. Geothermal Reservoir Hot Spots<br />Technology Capability (2/5)<br />
  8. 8. Impact of Business Accelerators/Drivers (1/2)<br />Green energy source<br />Base load renewable energy generation<br />Low and stable <br />cost of operation<br />Market expansion possibility<br />
  9. 9. Impact of Business Challenges (1/2)<br />High initial investment<br />Big initial risk<br />Technical <br />Resource Crunch<br />Long delivery time<br />
  10. 10. It is especially important for project developers<br />EPC contractors are taking most of risk on their shoulders<br />Important from utilities point of view<br />Facilitates in lowering drilling costs<br />Important for exploration and utilization of deep supercritical or EGS geothermal resources<br />Will help in decreasing risk<br />Decreasing Time and Cost <br />Risk Mitigation<br />Increasing Durability<br />Reducing GHG emissions<br />New Technology<br />Increasing Exploration Accuracy<br />Demand Side Analysis<br />
  11. 11. Technology Market Impact Analysis - Analytical Hierarchy Process (AHP) Tree <br />Level 1 Criteria<br />Level 0 Criteria<br />Initial Cost <br />Cost<br />Alternatives<br />Maintenance Cost<br />Hydrothermal <br />Spallation Drilling<br />Current Market Potential<br />Fluid Hamer <br />Drilling <br />Future Market Potential<br />Market <br />Penetration<br />Prospects<br />Technology Impact Analysis ( 5-7 years timeline)<br />Time to Market<br />Plasma<br />Drilling<br />Ability to Create New Opportunities <br />LiDAR<br />Exploration<br />Durability <br />EGS<br />Flexibility<br />Technology <br />Capability<br />Equipment Compatibility<br />Magnetotelluric<br />Surveys <br />Risk Limitation<br />Time Savings<br />
  12. 12. Governments have started supporting geothermal projects. This trend will accelerate in the future due to the technology’s ability to deliver base load in continuously in a sustainable and safe way <br />Government Support Strategy<br />Companies active on geothermal industry very often cooperates (financial support) with universities for developing new solutions<br />EPC contractors are those who connect various technologies (companies) together (based on geothermal reservoir properties/type) with the aim of successfully beginning and finishing the geothermal project<br />Universities - Corporations Cooperation Strategy<br />Project Managing<br />Solution providers can concentrate more on R&D activities pertaining to drilling and exploration<br />R & D Strategy<br />Technology Management Strategies<br />Technology Management<br />Strategies<br />

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