2010 Feb 28
ALAMOSA — The mention of alternative energy in the San Luis Valley may cause most people to look skyward toward the sun that's led government and business officials to tout solar power.
But a group of state officials, business owners and the just plain curious sat down Saturday to talk about a resource beneath their feet at a geothermal workshop hosted by the Governor's Energy Office.
Geothermal energy comes from harnessing the earth's subsurface heat. And in the valley's case, direct use of that heat has come through the harvesting of hot water to heat buildings, greenhouses and, most famously, keep alligators alive in sub-zero temperatures.
Nearly 150 million acre-feet of water, much of it hot, sits beneath the valley in the confined aquifer, the deeper of the valley's two major groundwater formations.
Paul Morgan, senior geothermal geologist with the Colorado Geological Survey, said the state was gifted with a high heat flow. That characterization included the Rio Grande Rift, the geological formation that runs beneath much of its namesake river, but Morgan said there is not a lot of specific data about the resource in the area.
"We don't know a lot about most of the San Luis Basin," he said.
What is known suggests that hot water at a temperature of 200 degrees Fahrenheit can be found in most parts of the valley at about 5,000 feet below the surface.
Read more: http://chieftain.com/articles/2010/02/28/news/local/doc4b89fe9bec78e291434993.txt
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Showing posts with label Geothermal Energy. Show all posts
Showing posts with label Geothermal Energy. Show all posts
Feb 26, 2010
Sumitomo named to build new PLN geothermal power plant
2010 Feb 27
State power firm PLN has appointed Japan’s Sumitomo Corporation to construct a geothermal power plant in Lampung representing a total investment of US$156.7 million.
The Ulubelu geothermal plant located in the province’s Tenggamus regency will have two power generation units each with a capacity of 55 megawatts (MW).
“The power plant is expected to begin commercial operations by 2012,” PLN’s president director Dahlan Iskan said during a contract signing ceremony with Sumitomo on Wednesday.
The project will be financed with a loan from Japan International Cooperation Agency (JICA). “It’s a soft loan with an interest rate of only about 0.7 percent,” Dahlan said. The loan will also cover the funding for the construction of a 150 kilowatt (kW) power grid and substations.
PLN’s director for planning and technology Nasri Sebayang said the power plant would supply power to the PLN grid in Lampung and South Sumatra.
The power plant will receive steam from the geothermal field in Ulubelu district, which is operated by PT Pertamina Geothermal Energy (PGE), a subsidiary of state oil and gas company PT Pertamina.
PGE currently has so far produced geothermal energy for the generation of 272 megawatts (MW) coming from its three geothermal fields in Kamojang in West Java, Lahendong in North Sulawesi, and Sibayak in North Sumatra. The company expects to increase its geothermal energy production to 800 MW during the next five years.
As for the Ulubelu geothermal power plant, PGE has agreed to sell the geothermal energy to PLN at 4.2 US cents per kilowatt hour (KwH).
Dahlan said the price was relatively low. “But, the price cannot be used as a basis for all geothermal projects, because the Ulubelu project is being developed with a very soft loan,” said Dahlan, adding price had always been the most difficult issue in geothermal steam sales and related power purchase agreements.
Aside for the Ulubelu project, PLN and PGE have also signed a heads of agreement for steam sales and power purchase from 11 other geothermal fields. “The development of the 11 fields is part of the second 10,000 MW power program,” Nasri said. He added that PLN and Pertamina had not agreed yet on the steam prices for the 11 projects. “We expect to reach agreement on this by October,” he said.
Read more: http://www.thejakartapost.com/news/2010/02/18/sumitomo-named-build-new-pln-geothermal-power-plant.html
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State power firm PLN has appointed Japan’s Sumitomo Corporation to construct a geothermal power plant in Lampung representing a total investment of US$156.7 million.
The Ulubelu geothermal plant located in the province’s Tenggamus regency will have two power generation units each with a capacity of 55 megawatts (MW).
“The power plant is expected to begin commercial operations by 2012,” PLN’s president director Dahlan Iskan said during a contract signing ceremony with Sumitomo on Wednesday.
The project will be financed with a loan from Japan International Cooperation Agency (JICA). “It’s a soft loan with an interest rate of only about 0.7 percent,” Dahlan said. The loan will also cover the funding for the construction of a 150 kilowatt (kW) power grid and substations.
PLN’s director for planning and technology Nasri Sebayang said the power plant would supply power to the PLN grid in Lampung and South Sumatra.
The power plant will receive steam from the geothermal field in Ulubelu district, which is operated by PT Pertamina Geothermal Energy (PGE), a subsidiary of state oil and gas company PT Pertamina.
PGE currently has so far produced geothermal energy for the generation of 272 megawatts (MW) coming from its three geothermal fields in Kamojang in West Java, Lahendong in North Sulawesi, and Sibayak in North Sumatra. The company expects to increase its geothermal energy production to 800 MW during the next five years.
As for the Ulubelu geothermal power plant, PGE has agreed to sell the geothermal energy to PLN at 4.2 US cents per kilowatt hour (KwH).
Dahlan said the price was relatively low. “But, the price cannot be used as a basis for all geothermal projects, because the Ulubelu project is being developed with a very soft loan,” said Dahlan, adding price had always been the most difficult issue in geothermal steam sales and related power purchase agreements.
Aside for the Ulubelu project, PLN and PGE have also signed a heads of agreement for steam sales and power purchase from 11 other geothermal fields. “The development of the 11 fields is part of the second 10,000 MW power program,” Nasri said. He added that PLN and Pertamina had not agreed yet on the steam prices for the 11 projects. “We expect to reach agreement on this by October,” he said.
Read more: http://www.thejakartapost.com/news/2010/02/18/sumitomo-named-build-new-pln-geothermal-power-plant.html
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Feb 8, 2010
Geothermal Power Heats Up
2010 Jan 28
The United States continues to lead the world in geothermal energy capacity and growth, the Geothermal Energy Association (GEA) said this week in a report that details gains and milestones over the past year.
Geothermal energy supplies a total installed capacity of 3,152.72 MW to the United States, in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming.
The report identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi. This pushes the prospects of nearly 10 GW of installed capacity in the coming years over a broad section of the nation. At that level, geothermal power will satisfy the needs of over 10 million people in 14 states and still have tremendous growth potential.
The report, which highlights the geothermal industry's growth, status as a green energy source, job creation and investment potential, comes on the heels of GEA's Geothermal Energy Finance Forum, an event that brought geothermal development experts and major financial players together in New York City's financial district.
"The Geothermal Energy Industry is experiencing unprecedented growth with future years's promising double-digit, year-over-year expansion," said Karl Gawell, GEA Executive Director. "While stimulus money has been driving much of our recent growth, we are also seeing that as geothermal technology pushes forward the economics of these projects really make sense."
A major source of the geothermal industry's 46% growth in confirmed new power projects over the past year and 33% increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30% investment credit and a "cash grant" alternative. ARRA also "laid the foundation for sustained future growth" according to Gawell by providing up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment activities. The amount of Federal funding provided to the geothermal industry through ARRA is unprecedented and is spurring the continued development of domestic geothermal resources.
Read more: http://www.reuters.com/article/idUS4562100020100128
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The United States continues to lead the world in geothermal energy capacity and growth, the Geothermal Energy Association (GEA) said this week in a report that details gains and milestones over the past year.
Geothermal energy supplies a total installed capacity of 3,152.72 MW to the United States, in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming.
The report identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi. This pushes the prospects of nearly 10 GW of installed capacity in the coming years over a broad section of the nation. At that level, geothermal power will satisfy the needs of over 10 million people in 14 states and still have tremendous growth potential.
The report, which highlights the geothermal industry's growth, status as a green energy source, job creation and investment potential, comes on the heels of GEA's Geothermal Energy Finance Forum, an event that brought geothermal development experts and major financial players together in New York City's financial district.
"The Geothermal Energy Industry is experiencing unprecedented growth with future years's promising double-digit, year-over-year expansion," said Karl Gawell, GEA Executive Director. "While stimulus money has been driving much of our recent growth, we are also seeing that as geothermal technology pushes forward the economics of these projects really make sense."
A major source of the geothermal industry's 46% growth in confirmed new power projects over the past year and 33% increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30% investment credit and a "cash grant" alternative. ARRA also "laid the foundation for sustained future growth" according to Gawell by providing up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment activities. The amount of Federal funding provided to the geothermal industry through ARRA is unprecedented and is spurring the continued development of domestic geothermal resources.
Read more: http://www.reuters.com/article/idUS4562100020100128
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Feb 3, 2010
Geothermal Power: 6,442MW Under Development in 14 States
2010 Jan 27
Geothermal Power: 6,442MW Under Development in 14 States
SustainableBusiness.com News
The United States continues to lead the world in geothermal energy capacity and growth, the Geothermal Energy Association (GEA) said this week in a report that details gains and milestones over the past year.
Geothermal energy supplies a total installed capacity of 3,152.72 MW to the United States, in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming.
The report identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi. This pushes the prospects of nearly 10 GW of installed capacity in the coming years over a broad section of the nation. At that level, geothermal power will satisfy the needs of over 10 million people in 14 states and still have tremendous growth potential.
The report, which highlights the geothermal industry’s growth, status as a green energy source, job creation and investment potential, comes on the heels of GEA’s Geothermal Energy Finance Forum, an event that brought geothermal development experts and major financial players together in New York City’s financial district.
“The Geothermal Energy Industry is experiencing unprecedented growth with future years's promising double-digit, year-over-year expansion,” said Karl Gawell, GEA Executive Director. “While stimulus money has been driving much of our recent growth, we are also seeing that as geothermal technology pushes forward the economics of these projects really make sense.”
A major source of the geothermal industry’s 46% growth in confirmed new power projects over the past year and 33% increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30% investment credit and a "cash grant" alternative. ARRA also "laid the foundation for sustained future growth" according to Gawell by providing up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment activities. The amount of Federal funding provided to the geothermal industry through ARRA is unprecedented and is spurring the continued development of domestic geothermal resources.
The report identifies up to $342 million of federal funding currently allocated to 132 geothermal research, development, and demonstration projects in 27 states. When cost sharing among the awardees is accounted for, the amount of dollars allocated to geothermal research and development over the last year increases to approximately $626 million. Nevada leads the way in ARRA projects with the Department of Energy funding totaling over $70 million.
The funding is being used to study many emerging geothermal technologies including Enhanced Geothermal Systems (EGS) and Geothermal Hydrocarbon Co-production (GHCP).
Read more: http://www.sustainablebusiness.com/index.cfm/go/news.display/id/19643
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Geothermal Power: 6,442MW Under Development in 14 States
SustainableBusiness.com News
The United States continues to lead the world in geothermal energy capacity and growth, the Geothermal Energy Association (GEA) said this week in a report that details gains and milestones over the past year.
Geothermal energy supplies a total installed capacity of 3,152.72 MW to the United States, in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming.
The report identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi. This pushes the prospects of nearly 10 GW of installed capacity in the coming years over a broad section of the nation. At that level, geothermal power will satisfy the needs of over 10 million people in 14 states and still have tremendous growth potential.
The report, which highlights the geothermal industry’s growth, status as a green energy source, job creation and investment potential, comes on the heels of GEA’s Geothermal Energy Finance Forum, an event that brought geothermal development experts and major financial players together in New York City’s financial district.
“The Geothermal Energy Industry is experiencing unprecedented growth with future years's promising double-digit, year-over-year expansion,” said Karl Gawell, GEA Executive Director. “While stimulus money has been driving much of our recent growth, we are also seeing that as geothermal technology pushes forward the economics of these projects really make sense.”
A major source of the geothermal industry’s 46% growth in confirmed new power projects over the past year and 33% increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30% investment credit and a "cash grant" alternative. ARRA also "laid the foundation for sustained future growth" according to Gawell by providing up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment activities. The amount of Federal funding provided to the geothermal industry through ARRA is unprecedented and is spurring the continued development of domestic geothermal resources.
The report identifies up to $342 million of federal funding currently allocated to 132 geothermal research, development, and demonstration projects in 27 states. When cost sharing among the awardees is accounted for, the amount of dollars allocated to geothermal research and development over the last year increases to approximately $626 million. Nevada leads the way in ARRA projects with the Department of Energy funding totaling over $70 million.
The funding is being used to study many emerging geothermal technologies including Enhanced Geothermal Systems (EGS) and Geothermal Hydrocarbon Co-production (GHCP).
Read more: http://www.sustainablebusiness.com/index.cfm/go/news.display/id/19643
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Geothermal Power Projects Grow 46% in 2009
2010 Jan 27
The U.S. geothermal energy industry has a total installed capacity of 3,152.72 megawatts (MW) in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming, and is considered the largest renewable energy power source in California, according to a new report from the Geothermal Energy Association.
The report, “U.S. Geothermal Power Production and Development Update – Special NYC Forum Edition (PDF),” reveals that the U.S. continues to lead the world in geothermal energy capacity, and identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi.
The projected 10 GW of installed capacity in the coming years over a broad section of the nation will meet the needs of more than 10 million people in 14 states and still have tremendous growth potential, says the association.
The study finds that the major source of the geothermal industry’s 46 percent growth in confirmed new power projects over the past year and 33 percent increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30 percent investment credit and a “cash grant” alternative.
ARRA also provided up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment projects, according to the association. The report also identifies up to $342 million of federal funding currently allocated to 132 geothermal research, development, and demonstration projects in 27 states, which includes $338 million in U.S. Department of Energy funding for 123 projects.
Read more: http://www.environmentalleader.com/2010/01/27/geothermal-power-projects-grow-46-in-2009/
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The U.S. geothermal energy industry has a total installed capacity of 3,152.72 megawatts (MW) in states including Alaska, Hawaii, Idaho, Nevada, New Mexico, Utah, and Wyoming, and is considered the largest renewable energy power source in California, according to a new report from the Geothermal Energy Association.
The report, “U.S. Geothermal Power Production and Development Update – Special NYC Forum Edition (PDF),” reveals that the U.S. continues to lead the world in geothermal energy capacity, and identifies up to 6,442.9 MW of new geothermal power plant capacity under development in the United States in those states as well as Oregon, Colorado, Florida, Louisiana and Mississippi.
The projected 10 GW of installed capacity in the coming years over a broad section of the nation will meet the needs of more than 10 million people in 14 states and still have tremendous growth potential, says the association.
The study finds that the major source of the geothermal industry’s 46 percent growth in confirmed new power projects over the past year and 33 percent increase in employment was the American Recovery and Reinvestment Act (ARRA) of 2009, which expanded tax credits for new projects to include a 30 percent investment credit and a “cash grant” alternative.
ARRA also provided up to $400 million in new funding to implement a wide range of research, development, demonstration and deployment projects, according to the association. The report also identifies up to $342 million of federal funding currently allocated to 132 geothermal research, development, and demonstration projects in 27 states, which includes $338 million in U.S. Department of Energy funding for 123 projects.
Read more: http://www.environmentalleader.com/2010/01/27/geothermal-power-projects-grow-46-in-2009/
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Jan 15, 2010
Reservoir Granted Geothermal Exploration Permit in Serbia
2010 Jan 5
Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to report that its wholly-owned subsidiary, Southern European Exploration d.o.o. ("SEE") has been granted an exploration permit for geothermal energy at Vranjska Banja in southern Serbia; the first of its kind to be issued to a private company in the country. SEE has also filed applications for an additional three energy permits in the Vojvodina Province of northern Serbia.
The Vranjska Banja exploration permit covers 17.5 square kilometres in area, which has an elevated geothermal gradient attributed to the presence of Tertiary-age intrusives. The Company's permit surrounds an existing 200 square metre exploitation permit, where two existing geothermal wells (VG-2 and VG-3) have confirmed a high temperature gradient. Well VG-2 intercepted several hot water aquifers, the best of which measured 126 degrees centigrade between 864-890 metres depth. Well VG-3 intercepted a zone containing three intervals with measured temperatures of 124 degrees centigrade, between 1,500 and 1,575 metres depth.
The three permits still in the application phase in the Vojvodina Province of northern Serbia cover targets located in the Pannonian Basin. Historically, some 80 wells have been drilled in this basin, to test the hydrological and geothermal potential of various porous and permeable sedimentary units ranging in age from late Palaeozoic to Quaternary.
In late 2009, the Serbian government introduced feed-in tariffs in line with European Union standards, to encourage investment in renewable energy, establishing a price of 7.5 Euro cents (approximately US$0.107) per kilowatt hour for electricity derived from geothermal sources.
"Given the new feed-in tariffs, we see geothermal as a very viable form of renewable energy for this region and the addition of geothermal projects complements our growing hydroelectric development pipeline," commented Ms. Miljana Vidovic, President and CEO of Reservoir.
Read more: http://www.reservoircapitalcorp.com/s/News.asp?ReportID=378958
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Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to report that its wholly-owned subsidiary, Southern European Exploration d.o.o. ("SEE") has been granted an exploration permit for geothermal energy at Vranjska Banja in southern Serbia; the first of its kind to be issued to a private company in the country. SEE has also filed applications for an additional three energy permits in the Vojvodina Province of northern Serbia.
The Vranjska Banja exploration permit covers 17.5 square kilometres in area, which has an elevated geothermal gradient attributed to the presence of Tertiary-age intrusives. The Company's permit surrounds an existing 200 square metre exploitation permit, where two existing geothermal wells (VG-2 and VG-3) have confirmed a high temperature gradient. Well VG-2 intercepted several hot water aquifers, the best of which measured 126 degrees centigrade between 864-890 metres depth. Well VG-3 intercepted a zone containing three intervals with measured temperatures of 124 degrees centigrade, between 1,500 and 1,575 metres depth.
The three permits still in the application phase in the Vojvodina Province of northern Serbia cover targets located in the Pannonian Basin. Historically, some 80 wells have been drilled in this basin, to test the hydrological and geothermal potential of various porous and permeable sedimentary units ranging in age from late Palaeozoic to Quaternary.
In late 2009, the Serbian government introduced feed-in tariffs in line with European Union standards, to encourage investment in renewable energy, establishing a price of 7.5 Euro cents (approximately US$0.107) per kilowatt hour for electricity derived from geothermal sources.
"Given the new feed-in tariffs, we see geothermal as a very viable form of renewable energy for this region and the addition of geothermal projects complements our growing hydroelectric development pipeline," commented Ms. Miljana Vidovic, President and CEO of Reservoir.
Read more: http://www.reservoircapitalcorp.com/s/News.asp?ReportID=378958
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Dec 24, 2009
US geothermal power to grow in 2010, according to GEA
2009 Dec 16
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US industry body Geothermal Energy Association (GEA) has predicted that the number of US states with installed geothermal power capacity will reach double figures by 2010. The association said that new projects were expected to come onstream in four to eight states, and that the DOE will recognise near-term potential of 20GW.
In a retrospective of industry progress in 2009, GEA said that the ‘launch trajectory’ identified by analysts at the start of the year had not disappointed, driven by $800m of investment in the technology. US geothermal capacity has expanded by six per cent during the year.
State and federal policy was also applauded, with key geothermal-producing states California and Nevada raising their renewable energy targets to 33 and 25 per cent by 2025.
The association said that 144 new geothermal plants are currently under development across the US and that 7GW of capacity could be installed in the next few years if momentum is sustained.
GEA predicted even stronger growth in 2010, as well as progress with new technology, and greater priority given to the industry by state policymakers, claiming that the number of states with geothermal power will reach double didgits. New technology advances will continue to expand the recognized power potential of geothermal resources; DOE will officially recognize a near-term potential of at least 20 GW, or 5 per cent of US power needs, with longer-term possibilities well over 100 GW.
Read more: http://www.newenergyworldnetwork.com/renewable-energy-news/news_type/policy-by_technology-new-news/us-geothermal-power-to-grow-in-2010-according-to-gea.htmlWant to help with Global-Warming? Please visit http://www.whiteearth.org
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