iceland launch of think geoenergy magazine, october 2013

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Global development in the Icelandic context Alexander Richter ThinkGeoEnergy.com @thinkgeoenergy October 16, 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.

TRANSCRIPT

Page 1: Iceland Launch of Think GEOENERGY Magazine, October 2013

Global development in the Icelandic context Alexander RichterThinkGeoEnergy.com@thinkgeoenergy

October 16, 2013

Page 2: Iceland Launch of Think GEOENERGY Magazine, October 2013

2

Background

Page 3: Iceland Launch of Think GEOENERGY Magazine, October 2013

3

Showcase of geothermal to the world

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4

Website of: ThinkGeoEnergy.com

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5

Power Plant Map

Job Portal

Page 6: Iceland Launch of Think GEOENERGY Magazine, October 2013

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ThinkGeoEnergy.com as One-stop-shop

For News, Research &Marketing Tool for

Industry

Page 7: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Global Geothermal Development

Global Geothermal Development

Page 8: Iceland Launch of Think GEOENERGY Magazine, October 2013

Global Geothermal Energy Power Generation - Potential

Sources: Islandsbanki, ThinkGeoEnergy, Geothermal Energy Association, IGA, ChevronNote: 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.

Current installed capacity

Projects & inferred resources

High temperature regions

Resource estimates

Installed Resources

North America

4,344

32,200

6,447

Installed Resources

Cent. America & Caribbean

624

27,400

568

Installed Resources

Europe

1,6425,454

1,363

Installed Resources

Africa

205

11,600

2,511

Installed Resources

South America

1

30,800

867

Installed Resources

Asia

3,833

60,422

10,064

Installed Resources

Aus., NZ & Pacific

913

7,700

654

Installed Resources

Middle East

2421,840

933

Page 9: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Top 10 Countries – installed capacity

Other

El Salvador

Costa Rica

Japan

Iceland

Mexico

Italy

New Zealand

Indonesia

Philippines

United States

0 500 1,000 1,500 2,000 2,500 3,000 3,500

730

204

208

502

665

812

863

957

1,339

1,968

3,386

Source: ThinkGeoEnergy Research

Page 10: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Top 10 Countries – installed + projects

Other

Japan

Turkey

Italy

Mexico

New Zealand

Iceland

Kenya

Philippines

United States

Indonesia

0 2,000 4,000 6,000 8,000 10,000

853

502

114

863

812

957

665

205

1,968

3,386

1,339

3,113

116

783

145

225

335

778

1,883

1,551

2,606

8,099

Installed

Projects

Source: ThinkGeoEnergy Research

Page 11: Iceland Launch of Think GEOENERGY Magazine, October 2013

11

Icelandic Geothermal Industry

Page 12: Iceland Launch of Think GEOENERGY Magazine, October 2013

Iceland’s Geothermal Supply Chain

Local consumers (indirect)

Local consumers (direct)

Equipment Suppliers

Core Industry Function

Geothermal resource

exploration & development

Geothermal energy

production

Geo-Science

DrillingBusiness consultin

gFinancing

Con-struction

Energy audit &

law firms

Technical consultin

g

Industry news

Transmission &

distribution

R&D, education, knowledge

Geothermal research

Training & education

Related industries

Mining Oil & GasOther

Energy Production

Government (Agencies, department, offices)

LegislationPermitting &

licensingMarket

Regulation

Drilling rigs & related

Turbines & generators

Other equipment

District heating

Industrial heating

applicationsRecreation,

health & tourism

Industry

Retail electricity

Economic Developmen

t

Industry associations

Source: Iceland Geothermal Cluster

Page 13: Iceland Launch of Think GEOENERGY Magazine, October 2013

Geothermal Expertise

Geo-Science

Business consulting

Technical consulting

Drilling rigs & related

Geothermal research

Training & education

ÍSOR, Mannvit, Vatnaskil

Mannvit, Verkís, Efla, Reykjavik Geothermal, Landsvirkjun Power

KPMG, ThinkGeoEnergy, individuals, Reykjavik Geothermal

ÍSOR, GEORG, Mannvit, Vatnaskil, Utilities, Universities

University of Iceland, Reykjavik University/ REYST, UNU-GTP, Keilir

Iceland Drilling, Reykjavik Geothermal, ÍSOR

Development Iceland utilities, Efla, Rarik, Reykjavik Geothermal

Page 14: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Global development by stages

Prospect Exploration Pre-Feasibility Feasibility Construction Other*0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

891

7,222

6,508

2,8622,423

110

Source: ThinkGeoEnergy Research

Page 15: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Regional opportunities

Aus., NZ & Pacific

Middle East

Central America & Caribb.

South America

Africa

Asia

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

0

7

105

0

750

2,050

101

153

153

407

1,335

2,848

117

294

265

190

145

3,575

ProspectExplorationPre-Feasibil-ity

Source: ThinkGeoEnergy Research

Page 16: Iceland Launch of Think GEOENERGY Magazine, October 2013

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Regional opportunities

Prospect

Exploration

Pre-Feasibility

0 1,000 2,000 3,000 4,000 5,000

Aus., NZ & Pacific Middle East Central America & Caribb. South America

Africa Asia

Source: ThinkGeoEnergy Research

Page 17: Iceland Launch of Think GEOENERGY Magazine, October 2013

Market Situation

Page 18: Iceland Launch of Think GEOENERGY Magazine, October 2013

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0%

10%

20%

30%

40%

50%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Financing of power plants

0%

10%

20%

30%

40%

50%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

$4.8bn TOTAL

Development bank

46%

Commercial lender

22%State-owned

entity

20%Pension fund 8%Government 4%

Annual new-build debt investment as proportion of total for past decade, 2002–2012

Source: Bloomberg New Energy Finance

Page 19: Iceland Launch of Think GEOENERGY Magazine, October 2013

Asia

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Africa

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South America

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Caribbean

Page 23: Iceland Launch of Think GEOENERGY Magazine, October 2013

Increasing National Collaborations

Page 24: Iceland Launch of Think GEOENERGY Magazine, October 2013

Full Sale & Marketing Campaigns

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Example

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Magazine

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Think GEOENERGY Magazine

The new magazine for the global geothermal energy industry, created in Iceland by ThinkGeoEnergy.

thinkgeoenergy.com/magazine

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Magazine for the industry but also promotional tool for geothermal

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ffairsCurrent market trends, news from industry associations, state of the industry

A

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usinessnews from corporations, interesting companies, general corporate overviews and news

B

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ountry in Focusselected country report with certain country elements in the different sections/ chapters

C

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evelopmentnews and trends, news from individual projects and status on development world-wide 

D

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ngineering & technology drilling, technical descriptions, rather general and educational in nature. Turbine/ power plant etc.

E

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inanceGeneral topics on financing of geothermal, risk management & mitigation, deals, banking finance, business and legal issues.

F

Page 35: Iceland Launch of Think GEOENERGY Magazine, October 2013

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2

Iceland

To be released Spring of 2014

Issue 2

Country Focus:Iceland

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• Opportunities for the sector

• Marketing for the industry

• Bring attention to Iceland

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Subscribe to Magazinewww.thinkgeoenergy.com/

magazine

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Follow Us

Twitter: @thinkgeoenergyLinkedIn Group: ThinkGeoEnergy

Flickr.com/thinkgeoenergyYouTube.com/thinkgeoenergySlideshare.com/thinkgeoenergy

Subscribe to our Weekly Newsletter at: thinkgeoenergy.com/newsletter

Page 39: Iceland Launch of Think GEOENERGY Magazine, October 2013

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• Global news• Job Portal• Geothermal Power

Plant Map• Social media• iPhone app• Free pictures• Services

www.ThinkGeoEnergy.

com