state of the geothermal energy industry, 2019 · supporting the geothermal community 24 january,...
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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, PhDExecutive Director
Geothermal Resources Council
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
Supporting the Geothermal Community
The GRC represents
the geothermal
community
24 January, 2019 State of the Geothermal Industry, USEA Forum 3From: GRC 2017 Photo Contest
Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 4
GRC Ambassador Program
• Negligible Emissions
• Renewable
• Sustainable
Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 5From: GRC Ambassador Program
From: GRC 2017 Photo Contest
Supporting the Geothermal Community
Geothermal is Flexible Baseload
• Reliable
• Stable
• Flexible
• Balancing
• Facilitator
Renewable Energy that WorksAround the Clock
. . .
. . .. . . .
From: GRC Ambassador Program24 January, 2019 State of the Geothermal Industry, USEA Forum 6
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
Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 8
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
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.
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
Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 12
Graphic courtesy of Carsten F Sørlie ,
Statoil/Equinor
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
Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 14
ID 67242499 © Flair Images | Dreamstime.com
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
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
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
Supporting the Geothermal Community
Thank you!
24 January, 2019 State of the Geothermal Industry, USEA Forum 18From: GRC 2017 Photo Contest