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GRC - State of the Geothermal Industry - January 2019

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GRC Executive Director William Pettitt gave a presentation at the USEA State of the Energy Industry Forum on January 24, 2019.

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GRC - State of the Geothermal Industry - January 2019

  1. 1. State of the Geothermal Energy Industry, 2019 15th Annual State of the Energy Industry Forum US Energy Association 24 January, 2019 State of the Geothermal Industry, USEA Forum 1 Will Pettitt, PhD Executive Director Geothermal Resources Council
  2. 2. Supporting the Geothermal Community • Why does society want geothermal power? – Valuable – Cost effective – Works well with others – Negligible emissions – Small land footprint – Long-term, wage-earning jobs – Boosts local economy – Low risk for end user – Grid reliability – we can do that! 24 January, 2019 State of the Geothermal Industry, USEA Forum 2 ID 92823984 © Jacek Dudzinski | Dreamstime.com
  3. 3. Supporting the Geothermal Community The GRC represents the geothermal community 24 January, 2019 State of the Geothermal Industry, USEA Forum 3 From: GRC 2017 Photo Contest
  4. 4. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 4 GRC Ambassador Program • Negligible Emissions • Renewable • Sustainable
  5. 5. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 5From: GRC Ambassador Program From: GRC 2017 Photo Contest
  6. 6. Supporting the Geothermal Community Geothermal is Flexible Baseload • Reliable • Stable • Flexible • Balancing • Facilitator Renewable Energy that Works Around the Clock . . . . . .. . . . From: GRC Ambassador Program24 January, 2019 State of the Geothermal Industry, USEA Forum 6
  7. 7. Supporting the Geothermal Community Example: Geothermal as Baseload in California 24 January, 2019 State of the Geothermal Industry, USEA Forum 7 Renewables Watch for 10th December, 2018, California Independent System Operator, www.caiso.com
  8. 8. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 8
  9. 9. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 9 Installed conventional geothermal 3.6 GWe* Conventional geothermal under development 1.2 GWe* Conventional geothermal by 2050? 6 to 11 GWe** Viable EGS potential >100 GWe*** * After: GEA 2015, 2016 ** From: Young et al., 2017 *** From: Ziagos et al., 2013
  10. 10. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 10 EIA, 2017 Graphics courtesy of Jonathan Weisgall, Berkshire Hathaway Energy – data from various sources • 2.3% of total renewable power generation and 0.4% of all utility scale generation (in USA in 2017). • Increased 7% over the past 10 years.
  11. 11. Supporting the Geothermal Community International Market Growth 24 January, 2019 State of the Geothermal Industry, USEA Forum 11 Graphics courtesy of ThinkGeoEnergy – data from various sources
  12. 12. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 12 Graphic courtesy of Carsten F Sørlie , Statoil/Equinor
  13. 13. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 13 Costs have been reducing but need more efficiencies to be directly cost competitive
  14. 14. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 14 ID 67242499 © Flair Images | Dreamstime.com
  15. 15. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 15 • Lithium Mining • Hydrogen Production • Desalination • Hybrid Solar • O&G Co- production • Mining Increase Value of Geothermal Plants Graphic courtesy of Berkshire Hathaway Energy – data from various sources
  16. 16. Supporting the Geothermal Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 16 • Efficient Permitting and Leasing • Long-term tax credit extensions • Renewable Portfolio Standard (RPS) • Consider the value of geothermal • Renewable transmission path upgrades • “De-risking” efforts for geothermal resources • Investment in Research and Development Improve Government Policies and Regulation
  17. 17. Supporting the Geothermal Community Collaboration Geothermal community needs to collaborate – Flexible Baseload Power – Oil and Gas Synergies – Mining Synergies – Renewable Energy Community 24 January, 2019 State of the Geothermal Industry, USEA Forum 17 ID 47305549 © Rawpixelimages | Dreamstime.com
  18. 18. Supporting the Geothermal Community Thank you! 24 January, 2019 State of the Geothermal Industry, USEA Forum 18 From: GRC 2017 Photo Contest

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