grc annual meeting, oct. 24, 2011
DESCRIPTION
Presentation given by Alexander Richter, Director at CanGEA and Founder & Principal at ThinkGeoEnergy Presentation on behalf of CanGEA at the opening session at the GRC Annual Meeting, the largest geothermal energy event 2011, Oct. 24, 2011. Event(s): GRC Annual Meeting and GEA Geothermal Energy Expo 2011 in San Diego/ California, U.S.TRANSCRIPT
GEOTHERMAL DEVELOPMENT IN CANADA
Alexander Richter Canadian Geothermal Energy Association (CanGEA) ThinkGeoEnergy.com @thinkgeoenergy 24 October 2012 – GRC Annual Meeting, Opening Session, San Diego/ California
Canadian Geothermal Energy Association (CanGEA)
ThinkGeoEnergyWeb: ThinkGeoEnergy.com Twitter: thinkgeoenergy Flickr: flickr.com/thinkgeoenergy
Canada – current electricity supply
Hydro Con- ventional Thermal
Nuclear
Biomass
Wind & Other
CANADIAN NATURAL RESOURCES SECTOR
CANADIAN GEOTHERMAL RESOURCES
• Collective voice of Canada's geothermal energy industry
• Non-profit industry association • Promotion of geothermal energy potential • Outreach events • Geothermal Reporting Code
Members
Toronto Stock Exchange & the Geothermal Reporting Code
Leading exchange in mining sector
Strong oil & gas presence
4 geothermal companies listed
TSX & ASX leading in “geothermal” listed companies
ASX: most money spent in Australia
TSX: most money spent in U.S.
Called of merger with London Stock Exchange
Basis for transparency, consistency and confidence in the public reporting
of geothermal information
CURRENT DEVELOPMENTIN CANADA
Projects
Permits
Projects on paper
Canadian projects Project Developer Location Status
Canoe Reach
Borealis GeoPower British Columbia
Feasibility phase
Lilloet Alterra Power/ 2149749 Ontario Inc.
British Columbia
3 permits
South Meager
Ram Power British Columbia
Under development
Swan Hills Borealis GeoPower Alberta Co-produced fluids project of 2MW
Ft. Liard Borealis GeoPower Northwest Territories
Feasibility for 1MW pilot project
Con Mine City of Yellowknife Northwest Territories
Feasibility study for district heating project
Estevan Deep Corp. Saskatchewan Feasibility
International activities
Other companies: • Enbridge, TransAlta, Estrella International, Canadian Advanced ESP,
Mining firms, financial firms …
U.S. Chile Peru Nicaragua Iceland Canada
Borealis GeoPower x Caldera Geothermal x Alterra Power x x x x x Nevada Geothermal Power x Ram Power* x x x x *Ram Power acquired Canadian players: Polaris Geothermal, Sierra Geothermal and Western GeoPower
SELLING GEOTHERMAL
“Geothermal energy, potentially the largest – and presently most misunderstood - source of energy” Al Gore, Our Choice
PERCEPTION
Bathing monkeys in Jigokudani hot springs, Japan
GEOTHERMAL UTILIZATION
Geothermal electricityin TWh, IEA 2008
Coal Gas Hydro
Nuclear Oil Wind
Biomass
Waste
Perception
Geothermal Energy Geo(thermal) Power Geothermal Heat Geo-Exchange
REPRESENTATION
Government Industry Industry Associations IEA
POSITIONING
Marketing Representation Advertisement Visibility
POSITIONING
CANGEA’s 3rd ANNUAL GEOTHERMAL POWER FORUM CALGARY, DELTA BOW VALLEY NOVEMBER 4, 2011