Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

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Alternative Energy / Geothermal Energy

  • Geothermal Energy Could Grow Six Fold

    One little noticed side result of the recent Paris Conference was the launch of the Global Geothermal Alliance. The goal of the group is to promulgate a six fold increase in geothermal electricity production by 2030 along with a tripling of geothermal derived heating. The group says that although geothermal power today provides around 12 gigawatts of electricity annually with production growing at 3-4 percent per year, this is a fraction of the potential total productive capacity. Of 90 countries where geothermal power is feasible, only 24 currently use it, and less than 15 percent of the potential 100 gigawatt…

  • UK Looking at Subsea Cable to Tap Icelandic Geothermal Power

    Among all the countries of the world, Iceland has arguably the most interesting power generation system. While the country lacks the beaches, geographic location, and population that would make it a significant economic power in say, tourism or international trade, it does have a very unique feature; its volcanos. The island is largely powered by geothermal heat emanating from under the surface of the volcanic landscape. That has always made Iceland unusually warm (for its location anyway) despite its intimidating moniker. Now, Great Britain is looking to capitalize on that natural advantage of Iceland through a possible undersea power cable…

  • Geothermal Energy Could Soon Stage A Coup In Oil And Gas

    Geothermal energy is one of the most widely available green energy sources in the world today. In spite of its availability, its consumption is almost miniscule when compared to wind and solar energy mainly due to high drilling costs that are associated with it.Geothermal energy can actually help reduce the cost of conventional fuel, reduce rising greenhouse gases, help combat climate change and reduce the dependence on conventional fossil fuels. Researchers at the University of North Dakota even believe that geothermal energy has the potential to be one of the biggest contributors to the U.S. energy portfolio. So, how is…

  • Shell Backs Geothermal Gun Tech

    From compact fusion to solar energy generation, the world has been desperately searching to find a way to generate energy which is not only abundant but cleaner and cheaper than conventional fossil fuels. Geothermal energy is one energy source which is more than capable of satisfying the world’s entire energy needs (at least in theory). Apart from being the cheapest renewable source, geothermal energy scores over wind and solar power when the issue of intermittent power generation arises. In spite of its benefits, its global installed capacity when compared to solar and wind power is miniscule. However, geothermal energy is…

  • Benefits Of Geothermal Power Outweigh The Risks

    The debate over geothermal energy has generally been a quiet one. With just 13 gigawatts (GW) of global installed capacity, it is considered by some to be a relatively non-controversial (or even irrelevant) energy issue. Yet a new study questioning the health risks associated with geothermal power generation could bring this neglected energy source into the spotlight. Brushing the usual fear-mongering headlines aside, the study raises an important question – what are the risks associated with geothermal power? The study itself is careful not to equate correlation with causation. The authors suggest that exposure to hydrogen sulfide (H2S) emanating from…

  • What Is Really Keeping Geothermal Power Back?

    Earlier this month an article published on Oilprice argued that the future for geothermal power was limited, at best. In short, the article argued; • There are a shortage of high-temperature resources; • Geothermal heat can’t be transported and must be used on site; and,• Questioned geothermal power sustainability. However, these three points have little to do with geothermal power’s barriers to growth for the following reasons; • When including temperatures as low as 95?C the resource base vastly expands. With Organic Rankine Cycle technology, geothermal brine can produce electricity at temperatures less than that of boiling water. The geothermal…

  • Why Geothermal Energy Will Remain A Small Player

    Geothermal is presently a minor player in the field of renewable energy and for the reasons discussed here is likely to remain one, but Energy Matters has never featured it before and it deserves its fifteen minutes of fame. Besides, I worked in geothermal a number of years ago and haven’t revisited it since, so it’s time I updated myself on what’s been going on. I start with a bit of personal memorabilia. Below is an aerial view of the Hudson Ranch 1 plant in the Salton Sea geothermal field, California, a three-stage flash plant with an installed capacity of…

  • Geothermal Power Gathering Steam in U.S.

    The bubbling sulfur springs and powerful, majestic geysers of Yellowstone National Park are visible manifestations of the potential for geothermal energy in the United States. Yet for various reasons -- including logistics, economics and permitting issues -- geothermal has not even come close to reaching its potential. That could be changing, though, with the introduction this summer of a series of geothermal bills that may hasten its development and remove some bureaucratic obstacles. Renewable Energy World reported at the end of July that U.S. House and Senate subcommittees discussed permitting needs and took up two bills related to geothermal development.The…

  • Drilling Down To The Economic Realities Of Geothermal Power

    When someone who has just completed a series of mining asset sales totalling $1.6 billion chooses to share some frank thoughts on geothermal power, you have to respect the source.Geothermal bubbled up in the news in May as a lost opportunity for BC Hydro in the Joint Review Panel's thumbs-sideways assessment of the Site C dam project.Lumina Copper founder Ross Beaty knows something about copper – enough to complete the company's sale to First Quantum Minerals earlier this month for $470 million. Beaty is also passionate about renewable energy, which led him into a geothermal power investment in 2008, only…

  • Geothermal Gains Traction in Post-Fukushima Japan

    Japan’s Chuo Electric Power Co. is preparing to launch the country’s first new geothermal power project in 15 years at a time when Tokyo is grappling with energy alternatives to its deactivated nuclear reactors. The new geothermal plant on Japan’s southern island of Kyushu will take advantage of the area’s natural hot springs and volcanic activity and will be one of the first to go online since 1999, boosting the nation’s geothermal power-generation potential which currently represents only 2%. Chuo Electric has said it plans to open five more geothermal power-generation plants in the next five years. Related Article: Three…

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