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
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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
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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
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Supporting the Geothermal Community
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GRC Ambassador Program
• Negligible Emissions
• Renewable
• Sustainable
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Supporting the Geothermal Community
24 January, 2019 State of the Geothermal Industry, USEA Forum 5From: GRC Ambassador Program
From: GRC 2017 Photo Contest
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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
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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
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Supporting the Geothermal Community
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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
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Supporting the Geothermal Community
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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.
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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
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Supporting the Geothermal Community
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Graphic courtesy of Carsten F Sørlie ,
Statoil/Equinor
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Supporting the Geothermal Community
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Costs have been reducing but
need more efficiencies to be
directly cost competitive
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Supporting the Geothermal Community
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ID 67242499 © Flair Images | Dreamstime.com
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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
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Supporting the Geothermal Community
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• 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
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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
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Supporting the Geothermal Community
Thank you!
24 January, 2019 State of the Geothermal Industry, USEA Forum 18From: GRC 2017 Photo Contest