Global Geothermal Summit, Oct. 12, 2011

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Presentation given by Alexander Richter, Director at CanGEA and Founder & Principal at ThinkGeoEnergy

Event: Global Geothermal Summit, Reykjavik/ Iceland - October 12, 2011

Published in: Business, Technology
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Global Geothermal Summit, Oct. 12, 2011

  1. 1. RAISING THE BARPOSITION OF GEOTHERMALENERGY TODAYAlexander RichterCanadian Geothermal Energy Association (CanGEA)ThinkGeoEnergy.com@thinkgeoenergy12 October 2012
  2. 2. •  Collective voice of Canadas geothermal energy industry•  Non-profit industry association•  Industry promotion & promotion of potential•  Outreach events•  Geothermal Reporting Code•  International representation (IEA-GIA)
  3. 3. THE ROLE OFGEOTHERMALTODAY
  4. 4. GEOTHERMAL UTILIZATION
  5. 5. Current & Planned CapacityUnited States 3,093 2,307 Indonesia 1,197 2,303 Philippines 1,970 530New Zealand 628 612 Mexico 958 182 Italy 843 77 Iceland 575 225 Japan 536 0 Kenya 167 363 El Salvador 204 86 Other 611 674 2010 Additional capacity planned till 2015
  6. 6. Coal Gas Hydro Wind Nuclear Oil Biomass Waste GEOTHERMAL ELECTRICTY in TWh, IEA 2008
  7. 7. PERCEPTION ANDPOSITION OF THEINDUSTRY
  8. 8. “Geothermalenergy, potentiallythe largest – andpresently mostmisunderstood -source of energy”Al Gore, Our Choice
  9. 9. “The amount ofgeothermalenergy potentiallyavailable iseffectivelyunlimited”Steven Chu, U.S. Secretary of Energy
  10. 10. PERCEPTION
  11. 11. PERCEPTIONBathing monkeys in Jigokudani hot springs, Japan
  12. 12. PERCEPTION
  13. 13. PERCEPTIONGeothermal Energy Geo(thermal) Power,Geothermal Heat, Geo-Exchange
  14. 14. REPRESENTATIONGovernmentIndustryIndustry AssociationsIEA
  15. 15. POSITIONINGMarketingRepresentationAdvertisementVisibility
  16. 16. POSITIONING
  17. 17. OUTLOOK FORTHE INDUSTRY
  18. 18. Transmission, Permitting, Supply Chain Scaling, and Natural Gas Volatility US carbon legislation and National RPS drives 45,000 sustained growth in the US. This is complemented by significant growth in Indonesia and the High Case Philippines. Niche low-temperature and EGS activity Base Case picks up momentum in Australia, and to a lesser 40,000 extent in Central Europe Installed 2008 35,000 Increased growth internationally, with Southeast Asia, Latin America, Chile, Mexico, and East Africa complementing steady growth in the US. Mega-scale 30,000 projects in New Zealand also brought Near-term growth driven by online, with potential for additional the US, New Zealand, and growth in Iceland 25,000 increased activity in Indonesia and Turkey MW 20,000 15,000 10,000 5,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Source: Emerging Energy Research
  19. 19. Source: Islandsbanki – Presentation GRC 2010
  20. 20. PROJECT TIMELINE Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year …Exploration Phase Explorat.Pre-Feasibility Pre-Feas.Feasibility FeasibilityDetailed Design & Construction Detailed Design & ConstructionOperation & Maintenance Operation & Maintenance                             Comment: Permitting for exploration and development can – in some cases – add up to one additional year to this time frame. Source: Glitnir
  21. 21. VALUE CHAIN Start-up Exploration/ Feasibility Detailed Start of Pre-Feasibility Design & Operation Construction Mezz./ Bridge Project Debt, Const. Financing Financing Venture Development Drilling Project Tax Capital Equity Equity Equity Equity • Legal Work • Geophysical surveys • Drilling of first • Drilling & testing of • Running & • Concession/ Lease • Geochemical and geological successful, full-sized remaining production maintaining • Permits data collection & analysis production well. and injection wells power plant • Temperature gradient drilling • Confirmation Wells, • Civil works required • Possible • Focused Exploration on most • Reserve Estimates • Final design & testing Extension of favorable resource area • Preliminary Design Plant • Sufficient Exploration data collected & analyzedSource: Islandsbanki
  22. 22. BUSINESS MODEL
  23. 23. MARKET STIMULATION •  Feed-in-tariffs Driving demand •  Renewable Portfolio Standards •  Drilling grants & loan programs Supporting development •  Insurance tools •  Loan guarantees Financing stimulation •  Production/ Investment tax credits •  Carbon credits, IFC, World Bank Other drivers •  GeoFund, Development Banks.
  24. 24. SUMMARY•  Marginal role of geothermal in global picture•  Important role for many countries•  Lack of political support•  Lack of visibility•  Concerted efforts in promotion to public and politics necessary

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