News
Mar 19, 2008Dundee Securities: “Geothermal Energy, An Overnight Success in 104 Years”, Investment Research
Recently, Dundee Securities Corporation released a document investigating the investment potential in geothermal energy. In the document Dundee Securities looks into the basics of geothermal energy, the market place, as well as current and future investment opportunities. CanGEA members Western GeoPower and Sierra Geothermal are featured in the article.
Within the broad realm of renewable energy investing, a significant opportunity is currently available to investors who participate in the advancement of the geothermal industry. Geothermal is a low-cost and reliable energy source. The price for electricity from geothermal power projects is competitive with other forms of power production, and its high level of availability makes it an attractive source of power for utilities that need steady, “base load” supplies of electricity. These benefits among other are not going unnoticed. Growth rates in the North American geothermal power market are expected to result in a doubling of the current installed base of 2,936 MW in the coming years, and involve over $11 billion in new investment. While geothermal power production tends to take top billing (as it does in the solar industry), geothermal energy for direct use is a substantial part of the geothermal industry, with over 9,600 MWt installed in the United States and Canada combined. Companies in Canada and the US involved in geothermal development should be considered as a part of any comprehensive assessment of renewable energy investment opportunities.
To view the full document: Dundee - Geothermal Primer.pdf
Mar 11, 2008
Financial Post: “Investors warming to geothermal stocks”
Grant Surridge from the Financial Post recently released an article detailing an increase in investment interest in geothermal stocks. Specifically Surridge investigates the increase in investment for Sierra Geothermal Power Corp, a CanGEA member. Surridge states that an increase in government incentives and improvements in geothermal technology have increased investment interest in the industry. Western GeoPower, another CanGEA member is mentioned in the article as well.
Long the lesser cousin to clean energies such as biofuels, and wind and solar power, a combination of increased government incentives and improved technology has investment pouring into the sector.
“We’re seeing more money trying to get into the space than projects available,” said Mr. Thompson during a recent interview in Toronto.
To view the full article: Investors warming to geothermal stocks
Mar 05, 2008
Summit Daily News: “Geothermal energy, Power from the underground”
James Yearling in his article for the Summit Daily News investigates geothermal energy production in Reno, Nevada as well as geothermal energy potential in the Western United States. James goes on to investigate the financial and zoning issues, environmental impacts, and government hurdles the geothermal energy industry is facing in the United States. James Yearling recognizes that geothermal energy could provide up to 100,000 MW annually by 2050; 10% of the United States’ energy demand.
In Nevada, Idaho, Utah and California, geo-thermal plants already supply power to the grid. By 2050, advances in geothermal technology could supply 100,000 annual megawatts of power, according to a 2006 MIT study - 10 percent of U.S. energy consumption.
And by 2015, the cost of geo-thermal electricity should be competitive with that of coal, which currently provides about half of the country’s energy, according to the Department of Energy. Consumers generally pay between 3 and 5 1/2 cents for a kilowatt hour of coal power and between 5 and 8 cents for a kilowatt hour of geothermal power.
To read the full article: Summit Daily News: “Geothermal energy, Power from the underground”
