News
Oct 28, 2008The Globe and Mail: Geothermal’s Potential
Excellent article on geothermal potential and prospects in Canada from the Globe & Mail’s Report on Business.
SUBJECT: Prospects for geothermal energy.
SIGNIFICANCE: With fossil fuel prices well above historical average, geothermal energy investments are increasing worldwide. As geothermal technology improves, its weight in the energy mix is likely to increase substantially.
To read full article: Geothermal’s Potential
Oct 25, 2008
Geothermal Potential Report
The following is the Glitnir U.S. Geothermal Energy Market Report 2008. This is the second annual U.S. geothermal report from Glitnir.
The overall development of geothermal energy is very positive in the US. The installed geothermal power generation capacity has increased by 4% to 2,958 MW. The overall number of projects has increased and projects currently underway would expand installed capacity in the U.S. by a 100-130% in the years to come.
Compared to last year the industry is better positioned and availability of drilling rigs has improved. The joint efforts of the Bureau of Land Management (BLM) and the U.S. Forestry Service to speed up the process for leasing geothermal resources on lands they manage will also have a significant impact on the industry.
To download the report: Glitnir - U.S. Geothermal Potential
Oct 25, 2008
EcoFriendlyMag.com: Experts Say Time is Right for Geothermal
Experts Say Time is Right for Geothermal
Solar and wind have been the celebrities of renewable energy news coverage recently, but according to the United States Geological Survey and industry experts, geothermal energy is the next big thing.
The current economic crisis and rising costs of oil have led to a push for more geothermal energy production in the U.S., already the world’s leading producer.
In the first government assessment in 30 years, the USGS reports that the U.S. has “identified conventional” sources of geothermal energy that, if fully developed, are capable of generating 9,057 megawatts (MW). One megawatt is equal to 1,000 kilowatts, enough to serve about 1,000 U.S. homes, meaning 9,057 MW could power 9,057,000 homes.
To read the full article: Time is Right for Geothermal
Oct 22, 2008
RenewableEnergyWorld.com: The Art of Geothermal - Investing in and Capitalizing on the Heat Beneath
The lack of capital available to geothermal projects, especially during early development stages has stifled the growth of geothermal technology worldwide and poses a major challenge for this sector. Yet, with new prospects from technology innovations such as Enhanced Geothermal Systems (EGS) and low-temperature applications, investor’s interest is finally catching on and the number of those recognizing the huge geothermal potential to be tapped is ever increasing.
To read the full article: http://www.renewableenergyworld.com/rea/news/reinsider/story?id=53754
Oct 09, 2008
CleanBreak.com: Why Google.org’s Enhanced Geothermal Investment is good for Canada
The following is an article by Tyler Hamilton, columnist for the Toronto Star. He looks into Google.org’s investment in EGS and the connection to Canada.
If enhanced geothermal, or EGS, could be made economical the implications are enormous. We’re talking baseload, emission-free electricity on a massive scale that, over time, could eliminate the need for coal-fired or nuclear power plants. It would also silence the critics of renewables who says wind and solar are inadequate because of their intermittancy. Sure, perhaps all this won’t happen in a lifetime, but it bodes well for future generations who can look forward to ample supplies of solar, wind, and geothermal power and their support of electric vehicles.
To read the full article: CleanBreak.com: Google.org, EGS, and Canada
Oct 09, 2008
B.C. MEMPR New CanGEA Industry Leader!
The Government of British Columbia and the Ministry of Energy, Mines and Petroleum Resources has recently joined CanGEA at the Industry Leader membership level! CanGEA Industry Leaders are those organizations that are dedicated to the evolution of geothermal energy in Canada. We encourage new members and current members to consider becoming CanGEA Industry Leaders!
Join CanGEA: Membership Form
Oct 08, 2008
MidAmerican Energy and Geothermal
CanGEA Chairman and Executive Director Alison Thompson was recently at the GRC Meeting in Reno, Nevada speaking with Jonathan Weisgall from MidAmerican Energy, a Berkshire Hathaway, Warren Buffet company. Mr Weisgall mentioned that over the next decade MidAmerican Energy will be only building wind, geothermal, and natural gas power plants. Great news for the future of geothermal!
Oct 07, 2008
Lease Sale
There will be a BLM lease sale for Utah, Oregon and Idaho this Decemeber 16th, 2008. The parcels will be posted on the BLM webite October 31st. The sale will take place in Utah.
