Calgary, AB – March 7, 2010 – British Columbia’s Ministry of Energy, Mines and Petroleum Resources recently announced they will once again be accepting submissions for Geothermal Tenure requests.  Previously the Ministry had been closed to such requests and had not issued a tenure permit since 2004.

This move signals a renewed committment to advancing the development of BC’s geothermal resources.  Working with CanGEA and industry, the Ministry is striving to revise current legislation and streamline the geothermal tenure process.  These actions should have a noticeable impact on the availability of land and the timely issuance of permits for the Province’s high quality geothermal resources.

Proponents are invited to submit their requests to the Ministry prior to April 1, 2010.

Together, CanGEA and its members can impart far more change than any single company.  Join CanGEA and help us put Canada’s geothermal resources to work!

For more information on the tenure request process, please visit BC Ministry of Energy, Mines and Petroleum Resources

David Gowland
Policy Director
Canadian Geothermal Energy Association

Calgary, AB – March 6, 2010 – The Canadian Geothermal Energy Association (CanGEA) is pleased to see BC follow through on their commitment to clean energy with the release of the Province’s 2010 Budget.  An additional $100 million will be earmarked for Clean Energy initiatives such as new forms of electricity generation, including wind, solar, geothermal, tidal, wave, and run-of-river applications.  The specific mention of geothermal energy is a clear sign of the Province’s interest in this clean, renewable energy source.

However, of the $47 million that has already been committed to clean energy projects, no funds have been contributed to geothermal power projects.  With such a high quality geothermal resource in the Province, BC is losing out on the vast benefits of geothermal power – including its ability to replace base-load energy sources and support the Province’s goal of 100% renewable power generation.

Furthermore, the geothermal industry in BC continues to fight an uphill battle as incentives for the Oil & Gas and Mining industries put geothermal energy development at a disadvantage.  These incentives include;
• The extension of the Mining Flow-through Share Tax Credit Program
• Oil & Gas Stimulus Package and Royalty Relief Program for natural gas producers
• $51M for Oil & Gas Rural Road Improvement Program
To level the playing field similar incentives must be extended to the geothermal industry. 

While CanGEA welcomes the Clean Energy Initiative, there remains much work to be done to advance the development of geothermal energy resources within the province.   

David Gowland
Policy Director
Canadian Geothermal Energy Association

• A commitment to improve regulatory review process for major energy projects
• Accelerated Capital Cost Allowance for Clean Energy Generation equipment (including geothermal)
• Canadian Renewable and Conservation Expenses, which can be fully deductable or transferred to investors using flow-through shares

Undeterred by today’s disappointing 2010 Budget, CanGEA will continue to work with Government bodies to improve policies and accelerate the development of Canada’s geothermal industry

For more information on the 2010 Federal Budget click here

Together, CanGEA and its members can impart far more change than any single company.  Join CanGEA and help us put Canada’s geothermal resources to work!

The Canadian Geothermal Energy Association (CanGEA) would like to thank the speakers and attendees who participated in the Geothermal Code Investment Seminar and Reception, March 3rd, 2010, in Toronto, Ontario making this event a tremendous success.

The day began with CanGEA and some of its members joining Ungad Chadda, Senior Vice President, Toronto Stock Exchange to open the market celebrating the launch of the Canadian Geothermal Code for Public Reporting.

After a short break The Geothermal Code Investment Seminar and Reception commenced which brought together investors, financiers and key stakeholders in the geothermal power industry, offering attendees a clear perspective of how the code will affect businesses in the geothermal community by implementing concise guidelines and infusing clarity to the process of public reporting of geothermal resources and reserves.

The seminar provided attendees with a complete overview of the Geothermal Code aimed at improving investor confidence in the geothermal energy industry. Speakers addressed the technical and financial implications of code presenting attendees with a clear vision on how the code will enhance the geothermal industry and companies listed on the Canadian exchanges.

Notable attendees included: Magma Energy Corp., Sierra Geothermal Power Corp., Borealis GeoPower Inc., Caldera Geothermal, Enbridge Inc., Mannvit Engineering, Nexen, Borden Ladner Gervais LLP, and more.

CanGEA would also like to thank our sponsors Think GeoEnergy and CNW Group.

About CanGEA
CanGEA is a national industry association that works on behalf of our members to promote publicly listed companies on the Canadian exchanges as well as to facilitate the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

For more information, please contact
The Canadian Geothermal Energy Association
Nicole Robson
Marketing and Membership Director
nicole@cangea.ca

For more information about the code click here

Geothermal power has been referred to as the “King of Renewables” with consistent base-load power production, low emissions and a small environmental footprint. Geothermal power’s importance in Canada’s energy portfolio, as well as interest from companies raising equity on Canadian exchanges, has continued to grow. Canada’s publicly listed “pure-play” geothermal companies now have a combined market capitalization of over $1 billion on the TSX and TSX-V. With billions of dollars in investment potential, the need for transparent and consistent reporting of geothermal information has never been more significant.

Alison Thompson, CanGEA Chairman and Founder, had this to say about the event, “The introduction of a Geothermal Reporting Code for publicly listed companies is a greatly anticipated milestone in our industry. Geothermal power is an often misunderstood energy resource and a Reporting Code will go a long way to increasing investor confidence in our industry.”

Attendees at the Geothermal Code Investment Seminar will be guided through the development of the Code, will learn Code basics through case study examples from geothermal experts and will understand the Code’s impact on Canadian listed companies from a distinguished producer, financial, and asset evaluator panel. The expert-led presentations will detail the technical and financial implications of the Reporting Code, offering attendees a clear perspective of how the Code will affect businesses in the geothermal community. This seminar is a unique opportunity for investors to sharpen their understanding of the geothermal value chain, and identify the genuine winners in the marketplace. CanGEA will also have the honour of opening the market on the Toronto Stock Exchange (TSX), the morning of the event.

Space is limited at the event; interested participants are encouraged to sign up soon. Sponsorship opportunities are also still available. We’d like thank our marketing sponsor for this event, the CNW Group, as well as ThinkGeoEnergy.

About CanGEA
CanGEA is a national industry association that works on behalf of our members to promote publicly listed companies on the Canadian exchanges as well as to facilitate the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

For more information, please contact
The Canadian Geothermal Energy Association
Nicole Robson Marketing and Membership Director
nicole@cangea.ca
http://www.cangea.ca

To view this article in its entirety click here

Please click here for more information about the Canadian Geothermal Code Investment Seminar and Reception

Please click here to register for the event

CALGARY, ALBERTA—(Jan. 18, 2010) – The Canadian Geothermal Energy Association (CanGEA) announces the release of the Canadian Geothermal Code for Public Reporting. The Canadian Geothermal Code for Public Reporting provides a minimum set of requirements for the public reporting of Exploration Results, Geothermal Resources and Geothermal Reserves. The Code will provide a basis for transparency, consistency and confidence in the public reporting of geothermal information.

The Canadian Geothermal Code for Public Reporting was prepared by the Canadian Geothermal Code Committee (CGCC), established in December 2008. The primary objectives determined by the Committee were to provide a reporting basis that would be satisfactory to investors, stakeholders and capital markets such as the Canadian Securities Exchanges, and to develop a Code that would be applicable to geothermal plays in both Canada and internationally. The Code, a first in Canada, will serve to increase investor confidence and interest in the geothermal energy sector through the standardization of geothermal reporting.

Lee Deibert, CanGEA Director and CGCC Chairman had this to say about the Code, “This key initiative has been completed for the benefit of our members and the industry overall. With the increasing level of activity in Canadian geothermal public and private financings, mergers & acquisitions, and the development of geothermal opportunities in Canada, the Code represents a key part of any investment and development strategy”.

It is anticipated that public reporting using the Code will be undertaken by all CanGEA members involved in exploration and/or operation of geothermal properties. The use of the Code will be on a voluntary compliance basis (industry self-regulation) until 2011 when Code compliance will be a mandatory requirement for CanGEA membership. CanGEA members involved in the financial community, including geothermal investors, financial advisors and financial institutions will also benefit from standardized and transparent reporting of geothermal assets.  CanGEA will be holding Code training seminars throughout the upcoming months.

Alison Thompson, CanGEA Founder and Chair commented, “The Canadian Geothermal Code for Public Reporting establishes the industry standard and we are pleased that CanGEA has strengthened our leading role in the international geothermal community. The Canadian Securities Exchanges are already host to many of the premier players in the geothermal world and this Code is expected to further facilitate the industry’s growth.”

CanGEA collaborated with the Australian Geothermal Energy Association (AGEA) in the development of the Code.

About CanGEA

CanGEA is a national, not-for-profit association that works on behalf of our members to facilitate and promote the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets. 5,000 MW by 2015!

For more information please contact:

The Canadian Geothermal Energy Association (CanGEA)
Brian Toohey, B.Eng
Reservoir Engineer
Canadian Geothermal Code Committee Member & Business Development Coordinator
brian@cangea.ca
http://www.cangea.ca

The 2009 CanGEA Investment Workshop & Networking Reception aimed to bring together investors, financiers and key stakeholders in the geothermal power industry to explore the wealth of opportunity in this emerging renewable energy sector. With an estimated potential of over 5,000 MW, from traditional development methods alone, geothermal power’s significance in Canada’s energy portfolio continues to grow. Geothermal energy in Canada represents an investment potential of nearly $20 billion.

Attendees were able to learn geothermal basics from CanGEA experts, explore prominent geothermal projects from industry leaders and understand geothermal development from a distinguished legal, finance and utilities panel. The Workshop also provided attendees with an overview of the Canadian Geothermal Reserves and Reporting Code aimed at improving investor confidence in the geothermal energy industry through the establishment of key metrics for geothermal value. The keynote speaker for the event was Dr. Michal Moore, co-author of the M.I.T. report “The Future of Geothermal Energy”.

Alison Thompson, CanGEA’s Chair and Founder, welcomed the news that the geothermal industry in Canada is finally on its way to 5,000 MW by 2015, as indicated by the conference updates on projects in Alberta, the Yukon, and the announcement about the upcoming British Columbia geothermal permit sale in 2010.

Notable attendees included: Magma Energy Corp., Sierra Geothermal Power Corp., Borealis GeoPower Inc., Enbridge Inc., Borden Ladner Gervais LLP, and more.

CanGEA expects to announce their 2010 Event, Workshop & Reception Calendar soon with prospective events being held in Calgary, Vancouver, Toronto and Ottawa. For those interested in any future CanGEA events please visit http://www.cangea.ca or contact brian@cangea.ca

CanGEA would also like to thank Workshop sponsors Chevron Corp. and Dundee Securities Corp.

About CanGEA
CanGEA is a national, not-for-profit association that works on behalf of our members to facilitate and promote the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

For additional information please contact:
Brian Toohey
Media Relations Coordinator
brian@cangea.ca
http://www.cangea.ca

CALGARY, ALBERTA—(Marketwire - Nov. 25, 2009) - The Canadian Geothermal Energy Association (CanGEA) would like to announce the 2009 Geothermal Power Investment Workshop and Networking Reception, December 3rd, 2009 in Calgary, Alberta, Canada. The Investment Workshop and Networking Reception will bring together investors, financiers and stakeholders in the geothermal power industry to explore the wealth of opportunity in this emerging renewable energy sector.

Geothermal power has been referred to as the “King of Renewables” with consistent base-load power production, low emissions and a small environmental footprint. Under potential carbon emission legislation geothermal energy offers a CO2 free, clean source of power. Geothermal energy also has the unique potential to provide carbon offsets in the Canadian energy marketplace. With an estimated potential of over 5,000 MW, from traditional development methods alone, geothermal power’s significance in Canada’s energy portfolio will continue to grow. Geothermal energy in Canada represents an investment potential of nearly $20 billion.

As the number of investor prospects in geothermal power broadens, a trusted forum for investor education and networking in the geothermal power industry has been absent. This unique event aims to deliver a one-stop solution through a series of expert-led presentations and the opportunity to network with the biggest names in geothermal power.

Attendees at the conference will learn geothermal power basics from CanGEA experts, explore prominent geothermal power projects in the industry, and understand the development perspective from a distinguished finance, legal and utilities panel. The Workshop will also provide an overview of the Canadian Geothermal Reserves and Reporting Code aimed at improving investor confidence in the geothermal energy industry through the establishment of key metrics for geothermal value. The keynote speaker for the event is Dr. Michal Moore, co-author of the M.I.T. report “The Future of Geothermal Energy”. Dr. Moore will explore the potential for geothermal energy in Canada’s most significant energy development, the Alberta Oil Sands.

Alison Thompson, CanGEA’s Chairman, is excited for the opportunity to showcase geothermal power in Alberta, “CanGEA is looking forward to Canada’s energy capital, Calgary, embracing the king of renewable energy, geothermal power. In addition to savvy resource investors and an established energy finance community, Alberta offers a highly skilled talent pool of geoscientists and engineers who can contribute to the development of geothermal energy and CanGEA’s goal of 5,000 MW by 2015!”

Confirmed speakers include representatives from Magma Energy Corp, Sierra Geothermal Power Inc, Dundee Securities Corp, Borden Ladner Gervais LLP, Jacob Securities Inc and more.

Space is limited at the event so prospective attendees are encouraged to sign up soon. Sponsorship opportunities are also still available.

For more information please visit http://www.cangea.ca.

About CanGEA
CanGEA is a national, not for profit association that works on behalf of our members to facilitate and promote the responsible and sustainable growth of high temperature geothermal energy in Canada, which, we believe, can provide competitive, emissions free, renewable, base-load energy to Canadians and export markets.

To view the article from its original source click here.

As a leading supplier of lubricants worldwide, Chevron Global Lubricants continually works to advance the state of lubrication technology, enabling their network of lubrication specialists to deliver the leading-edge products and customized services you need, when you need them.

New additions include some of the BIGGEST names in geothermal power: a Legal Panel with Fred Pletcher, a Partner with Borden Ladner Gervais LLP, a Finance Panel with speaker Ian Tharp, Senior Research Analyst for Dundee Securities Corp.,  a Utility and Off Takers Panel with Chuck Szmurlo, Vice President for Enbridge Inc. and David Morrison the President and CEO of Yukon Energy, and Michal C. Moore, Co-author of the MIT report “The Future of Geothermal Energy” giving a Keynote Speech about Engineered Geothermal Systems for The Oil Sands.

Space is limited, and with these exciting new speakers seats will go fast. Don’t delay and risk missing out on this unique event. Sign up now!!

Event proudly sponsored by:

Advertising Sponsor:

Event Powered By:

To view their website click here.

Click here to listen to the podcast!
Alison Thompson starts speaking at 12:30

by Stephen Lacey, Podcast Editor
Nevada, United States [RenewableEnergyWorld.com]

Now that geothermal is finally on our energy priority list, the industry is seeing a new influx of public and private capital. After more than a decade of almost no activity in the U.S. geothermal sector, we’re finally seeing a lot of new plants being developed. The problem is, many of them may not move forward because of a lack of transmission.

But transmission is not the only issue. In this podcast, we’ll look at how factors like resource evaluation, lack of government support and industry marketing have held back the industry — and how industry professionals are addressing these factors to make sure geothermal becomes a major piece of our global baseload power mix.

Lisa Shevenell, a hydrologist with the Great Basin Center for Geothermal Energy, talks about why the industry is coming out of a dark age of almost no geothermal development. She’ll also tell us about a new tool that makes it easier and less costly to examine potential resources.

Alison Thompson, chair and founder of the Canadian Geothermal Energy Association, discusses the reasons why Canada has no geothermal power plants, despite having numerous public companies in the country. She’ll also talk about the “brain drain” of Canadian talent down to the U.S.

Finally, Erik Swenson, a partner with the international law firm Fulbright and Jaworski, describes the need for a national transmission system for integrating more renewables. He’ll tell us why it’s not as easy as many proponents make it seem.

About Dundee Securities Corporation
Dundee Securities Corporation is a full service investment dealer engaged in wealth management & financial advisory services, retail brokerage, institutional sales & trading, equity research and investment banking. Dundee Securities Corporation is a member of the Investment Dealers Association of Canada and CIPF.

With capital strength, focus and dedication, Dundee Securities delivers the best to our clients. Our retail Investment Advisors, high net worth Portfolio Managers, independently thinking Research team, client-focused Institutional Sales & Trading department, and innovative Corporate Finance professionals provide clients with a complete financial services package and timely, unparalleled client service.

Geothermal Investment Workshop & Networking Reception

Registration has opened (click here to register)

Calgary is the venue for the CanGEA Geothermal Power Investment Workshop and Networking Reception, where geothermal developers, investors, financiers and stakeholders in the geothermal power industry will gather to explore the wealth of opportunity in this emerging renewable energy sector.

As the number of investor prospects in geothermal power continues to broaden, a trusted forum for investor education and networking in the geothermal power industry has been absent. This unique event aims to deliver a one-stop solution through our series of expert-led presentations and the opportunity to network with the biggest names in geothermal power.

As a conference attendee, you will receive:

• A necessary comprehension of the technical elements in geothermal power production, led by CanGEA experts
**Including CanGEA’s Geothermal 101 presentation
• An overview of the prominent geothermal power projects in the industry
**Presenters include Magma Energy Corp, Sierra Geothermal Power and Borealis GeoPower
• Extensive opportunities to meet and network with leading figures in the global geothermal industry
• Competitive information you will need to realize investment success in the geothermal power industry from The Geothermal Power Investment Panel
• An insider’s look at the Canadian Geothermal Reporting Code, and what it means for the industry and investors
• The Canadian Geothermal Reporting Code has been developed by industry to improve investor confidence in geothermal power. This framework will establish regulated metrics for value in the geothermal power industry, similar to those used by the mining and petroleum industries. Canada is aligned to become a centre of investment for geothermal power, it will become only the second country in the world (after Australia) to offer a trusted, unequivocal standard for geothermal resource reporting.

Who will you meet?

  * Geothermal power developers and producers
  * Banking and investment firms
  * Lawyers and Legal Consultants
  * Green investment funds, investors
  * Officials from multiple levels of government
  * Utilities
  * Environmental consultants
  * Geothermal energy researchers
  * Equipment and technology suppliers
  * Alternative energy innovators
  * Venture capital and angel investors

Alison Thompson, CanGEA Chair and Founder, commented “CanGEA is happy to welcome CanGEA’s newest member. With geothermal developers and CanGEA
members: Ram Power Inc., Magma Energy Corp. and Sierra Geothermal Power Corp. already listed on the exchange, we look forward to further growth for the geothermal power sector.”

About TMX Group Inc.:
TMX Group owns and operates Toronto Stock Exchange and TSX Venture Exchange. Toronto Stock Exchange, established in 1852, provides senior issuers with efficient access to public equity, liquidity for existing and new investors, and the prestige and market exposure associated with being listed on a world-class market. Serving the public venture capital market, TSX Venture Exchange provides access to growth capital for early stage companies while offering investors a well-regulated market for making venture investments.  TSX and TSX-V are home to several Geothermal companies and have a quickly growing Clean Technology and Renewable Power sector.

Click here for all the details!

Where:
The Westin Calgary
320 4th Avenue SW
Calgary, AB
T2P 2S6

When:
December 3rd, 2009
Investment Workshop and Conference: 1:00pm - 5:00pm
Networking Reception: 5:00pm - 7:30pm                

The workshop will provide:

• a unique opportunity to learn more about Canada’s geothermal industry
• information on geothermal energy’s potential for reducing carbon emissions
• material on improving the reputation of Alberta’s energy sector
• the ability to network with the companies and individuals that are moving this exciting industry forward

Registration is limited, so don’t pass up the opportunity to learn more about Canada’s hottest new play, geothermal!

For information on sponsorship of this event or membership with CanGEA and associated conference discounts, contact drew@cangea.ca.

CanGEA is working hard to secure a comparable commitment from Natural Resoruces Canada, but to date there has been no firm arrangement.