Iceland Launch of Think GEOENERGY Magazine, October 2013

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The presentation was held at a launch event for the Think GEOENERGY Magazine in Reykjavik, Iceland in October 2013. In attendance were all the major geothermal players in Iceland, as well as government representatives and financial players.

The presentation also included an overview on global geothermal development and some notes on marketing of the Iceland geothermal sector in the global context.

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Iceland Launch of Think GEOENERGY Magazine, October 2013

  1. 1. Global development in the Icelandic context Alexander Richter ThinkGeoEnergy.com @thinkgeoenergy October 16, 2013
  2. 2. Background 2
  3. 3. Showcase of geothermal to the world 3
  4. 4. Website of: ThinkGeoEnergy.com 4
  5. 5. Power Plant Map Job Portal 5
  6. 6. ThinkGeoEnergy.com as One-stop-shop For News, Research & Marketing Tool for Industry 6
  7. 7. Global Geothermal Development Global Geothermal Development 7
  8. 8. Global Geothermal Energy Power Generation - Potential 32,200 5,454 1,642 4,344 1,363 6,447 Installed Installed Resources Resources 60,422 Europe North America 1,840 242 27,400 933 Installed Resources Middle East 624 Installed Resources 3,833 568 10,064 Installed Cent. America & Caribbean 11,600 30,800 205 1 Installed High temperature regions Resources Asia 867 Resources South America 2,511 Installed 7,700 Resources Africa 913 654 Installed Resources Aus., NZ & Pacific Current installed capacity Projects & inferred resources Resource estimates Sources: Islandsbanki, ThinkGeoEnergy, Geothermal Energy Association, IGA, Chevron Note: Installed Capacity of 2013, resource estimates combined (1999-2012) – IGA estimates a conservative total potential of 70,000 MW and with technology improvements (extended use of low heat and EGS resources) at around 180,000 MW in power generation capacity.
  9. 9. Top 10 Countries – installed capacity United States 3,386 Philippines 1,968 Indonesia 1,339 New Zealand 957 Italy 863 Mexico 812 Iceland 665 Japan 502 Costa Rica 208 El Salvador 204 Other 730 0 Source: ThinkGeoEnergy Research 500 1,000 1,500 2,000 2,500 3,000 3,500 9
  10. 10. Top 10 Countries – installed + projects Indonesia 1,339 United States 3,386 Philippines 1,968 Kenya Iceland 8,099 2,606 1,551 205 1,883 665 778 New Zealand 957 Mexico 812 Italy 335 225 145 863 Turkey 114 Installed 783 Japan Other Projects 502 116 853 0 Source: ThinkGeoEnergy Research 3,113 2,000 4,000 6,000 8,000 10,000 10
  11. 11. Icelandic Geothermal Industry 11
  12. 12. Iceland’s Geothermal Supply Chain Energy audit & law firms GeoScience Technical consulting Industry news Local consumers (direct) Industry associations Drilling Business consulting Construction Financing District heating Industrial heating applications Core Industry Function R&D, education, knowl edge Geothermal resource exploration & development Geothermal research Recreation, heal th & tourism Geothermal energy production Transmission & distribution Industry Training & education Drilling rigs & related Turbines & generators Retail electricity Other equipment Local consumers (indirect) Equipment Suppliers Related industries Mining Government (Agencies, department, offices) Oil & Gas Source: Iceland Geothermal Cluster Other Energy Production Legislation Permitting & licensing Market Regulation Economic Development
  13. 13. Geothermal Expertise Geo-Science ÍSOR, Mannvit, Vatnaskil Technical consulting Mannvit, Verkís, Efla, Reykjavik Geothermal, Landsvirkjun Power Business consulting KPMG, ThinkGeoEnergy, individuals, Reykjavik Geothermal Development Iceland utilities, Efla, Rarik, Reykjavik Geothermal Geothermal research ÍSOR, GEORG, Mannvit, Vatnaskil, Utilities, Universities Training & education University of Iceland, Reykjavik University/ REYST, UNUGTP, Keilir Drilling rigs & related Iceland Drilling, Reykjavik Geothermal, ÍSOR
  14. 14. Global development by stages 8,000 7,000 7,222 6,508 6,000 5,000 4,000 3,000 2,862 2,423 2,000 1,000 891 110 0 Prospect Source: ThinkGeoEnergy Research Exploration Pre-Feasibility Feasibility Construction Other* 14
  15. 15. Regional opportunities Asia 2,050 Africa 2,848 3,575 750 1,335 145 South America 0190 407 Central America & Caribb. 105265 153 Prospect 7 294 153 Middle East Exploration Pre-Feasibility Aus., NZ & Pacific 0 117 101 0 Source: ThinkGeoEnergy Research 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 15
  16. 16. Regional opportunities Aus., NZ & Pacific Middle East Central America & Caribb. South America Africa Asia Pre-Feasibility Exploration Prospect 0 Source: ThinkGeoEnergy Research 1,000 2,000 3,000 4,000 5,000 16
  17. 17. Market Situation
  18. 18. Financing of power plants Annual new-build debt investment as proportion of total for past decade, 2002–2012 $4.8bn TOTAL % Development bank 50% % % % % 46% 40% 30% Commercial lender 22% 20% State-owned entity 10% 0% 2002 20% Pension fund 8% Government 4% 2003 2004 2005 2006 2007 2008 2009 2010 2011 % 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: Bloomberg New Energy Finance 18
  19. 19. Asia
  20. 20. Africa 20
  21. 21. South America 21
  22. 22. Caribbean 22
  23. 23. Increasing National Collaborations
  24. 24. Full Sale & Marketing Campaigns
  25. 25. 25
  26. 26. Magazine 26
  27. 27. Think GEOENERGY Magazine The new magazine for the global geothermal energy industry, created in Iceland by ThinkGeoEnergy. thinkgeoenergy.com/magazin e 27
  28. 28. Magazine for the industry but also promotional tool for geothermal 28
  29. 29. A ffairs Current market trends, news from industry associations, state of the industry 29
  30. 30. B usiness news from corporations, interesting companies, general corporate overviews and news 30
  31. 31. Country in Focus selected country report with certain country elements in the different sections/ chapters 31
  32. 32. D evelopment news and trends, news from individual projects and status on development worldwide 32
  33. 33. E ngineering & technology drilling, technical descriptions, rather general and educational in nature. Turbine/ power plant etc. 33
  34. 34. F inance General topics on financing of geothermal, risk management & mitigation, deals, banking finance, business and legal issues. 34
  35. 35. Issue 2 Country Focus: Iceland 2 To be released Spring of 2014 Iceland 35
  36. 36. • Opportunities for the sector • Marketing for the industry • Bring attention to Iceland 36
  37. 37. Subscribe to Magazine www.thinkgeoenergy.com/magazine 37
  38. 38. Follow Us Twitter: @thinkgeoenergy LinkedIn Group: ThinkGeoEnergy Flickr.com/thinkgeoenergy YouTube.com/thinkgeoenergy Slideshare.com/thinkgeoenergy Subscribe to our Weekly Newsletter at: thinkgeoenergy.com/newsletter 38
  39. 39. • Global news • Job Portal • Geothermal Power Plant Map • Social media • iPhone app • Free pictures • Services www. ThinkGeoEnergy. com 39

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