Take Part in the Geothermal Energy Revolution
Geothermal energy has the capacity to provide significant amounts of renewable heat and electricity to many regions worldwide. This renewable energy source also has the potential to provide significant business opportunities to businesses both small and large.
Revolution happening in geothermal energy industry
Geothermal energy supplies more than 10,000 MW to 24 countries worldwide and now produces enough electricity to meet the needs of 60 million people. It is considered possible to produce up to 8.3% of the total world electricity with geothermal resources, serving 17% of the world population. Thirty nine countries (located mostly in Africa, Central/South America, and the Pacific) can potentially obtain 100% of their electricity from geothermal resources (Dauncey, 2001). Already 24 countries are using geothermal energy source for producing electricity and another 22 countries will add to the list by 2010.
In addition to large power generation, geothermal is also used for direct use purposes worldwide. In 2005, 72 countries reported using geothermal energy for direct heating, providing more than 16,000 MW of geothermal energy. Geothermal energy is used directly for a variety of purposes, including space heating, snow melting, aquaculture and more.
Snapshots of status and potential of geothermal energy
| Renewable Energy Source |
Capacity (GW) |
Market Size (billion $) |
Market Size
Growth Rate (%) |
| 2008 |
Future Estimates |
2008 |
Future Estimates |
| Geothermal |
14 |
20 |
7.5 |
13.1 |
8 |
According to market studies, investment in geothermal energy is growing at 24% a year. This exceptional investing growth rate is expected to continue - and increase even faster - for the foreseeable future.
New Investments in Geothermal Energy ($ billions)
| 2004 |
2005 |
2006 |
2007 |
2008 |
2004-08 CAGR (%) |
| 0.9 |
0.4 |
1.0 |
0.9 |
2.2 |
24 |
Technology Advancement
Estimated World Geothermal Electricity Potential with Present Technology with Technology Improvement
As seen from the chart above, with technology improvement, the total electicity generation potential from geothermal increases 100%. The technology improvements are likely to come primarily from innovative concepts such as enhanced geothermal.
Until recently, geothermal power systems have only exploited resources where naturally occurring water and rock porosity is sufficient to carry heat to the surface. However, the vast majority of geothermal energy within drilling reach is in dry and non-porous rock. Enhanced Geothermal Systems (EGS) are a new type of geothermal power technologies that do not require natural convective hydrothermal resources. EGS technologies "enhance" and/or create geothermal resources in this hot dry rock (HDR) through hydraulic stimulation.
With technology advancement, it is estimated that the following countries could meet 100 percent of electricity demand with geothermal energy.
Countries that Could Meet 100 Percent of Electricity Demand with Geothermal Energy
|
Country
|
Population
(Thousands)
|
Total Electricity Demand
(Million Kilowatt-hours)
|
Estimated Geothermal Capacity Required to Meet Electricity Demand
(Megawatts)
1
|
|
Bolivia
|
9,694
|
5,040
|
639
|
|
Burundi
|
8,856
|
140
|
18
|
|
Comoros Islands
|
860
|
20
|
3
|
|
Costa Rica
|
4,534
|
8,350
|
1,059
|
|
Djibouti
|
848
|
200
|
25
|
|
Dominica
|
73
|
80
|
10
|
|
Ecuador
|
13,481
|
12,940
|
1,641
|
|
El Salvador
|
6,953
|
4,690
|
595
|
|
Ethiopia
|
85,219
|
2,860
|
363
|
|
Fiji
|
844
|
1,050
|
133
|
|
Grenada
|
106
|
150
|
19
|
|
Guadeloupe
|
448
|
1,100
|
140
|
|
Guatemala
|
13,686
|
7,280
|
923
|
|
Honduras
|
7,246
|
5,340
|
677
|
|
Iceland
|
303
|
8,530
|
1,082
|
|
Indonesia
|
234,342
|
120,330
|
15,263
|
|
Kenya
|
38,550
|
5,500
|
698
|
|
Madagascar
|
20,215
|
1,050
|
133
|
|
Malawi
|
14,288
|
1,400
|
178
|
|
Martinique
|
400
|
1,120
|
142
|
|
Montserrat
|
10
|
20
|
3
|
|
Mozambique
|
21,813
|
13,170
|
1,670
|
|
Nicaragua
|
5,676
|
2,720
|
345
|
|
Panama
|
3,399
|
5,660
|
718
|
|
Papua New Guinea
|
6,458
|
3,700
|
469
|
|
Peru
|
28,221
|
24,970
|
3,167
|
|
Philippines
|
89,651
|
53,670
|
6,807
|
|
Rwanda
|
10,009
|
100
|
13
|
|
Saint Kitts and Nevis
|
40
|
130
|
16
|
|
Saint Lucia
|
167
|
300
|
38
|
|
Saint Vincent
|
121
|
120
|
15
|
|
Solomon Islands
|
507
|
60
|
8
|
|
Somalia
|
8,956
|
270
|
34
|
|
Sudan
|
39,445
|
3,940
|
500
|
|
Tanzania
|
41,464
|
1,880
|
238
|
|
Tonga
|
101
|
40
|
5
|
|
Uganda
|
31,903
|
1,980
|
251
|
|
Vanuatu
|
232
|
40
|
5
|
|
Yemen
|
23,066
|
4,460
|
566
|
|
Total
|
772,185
|
304,400
|
38,610
|
1 Assuming a capacity factor of 90 percent, typical of new geothermal power plants.
Government mandates and incentives for geothermal energy
Currently, geothermal as a renewable energy source is being explored in a significant manner only in a fraction of the total number of countries worldwide, but this number is likely to increase with advanced technologies as Enhanced Geothermal is expanding the range of potential regions that could be sources of geothermal energy. In those countries that have existing proven geothermal resources (such as the USA and Philippines), the governments have released mandates and programmes that show exceptional support for this renewable energy source. This support is in the form of tax breaks, grants, subsidies and more.
How can individuals and entrepreneurs benefit from this dramatic opportunity?
Geothermal energy industry presents attractive opportunities to a wide range of people, including investors and entrepreneurs.
Business opportunities by scale of investments required
| Scale of Investment |
Type of Opportunity |
| Low |
- Consulting and installation for home-based geothermal systems
- Training people for geothermal heat pump installations
|
| Medium |
- Setting up medium scale geothermal plants
- Setting up manufacturing plants for components and accessories for the geothermal energy industry
|
| High |
- Setting up large-scale geothermal equipment and components manufacturing plants
- Setting up large geothermal power plants or home-based geothermal installations
- Involving in large-scale distribution of biofuels
- Centralized grid-connected geothermal plants
- Installing large-scale distributed (home or location-based) geothermal heat pumps
|
Small Scale Business Opportunities:
- Consulting and installation for home-based geothermal systems
- Training people for geothermal heat pump installations.
Medium Scale Business Opportunities:
- Setting up medium scale geothermal plants
- Setting up manufacturing plants for components and accessories for the geothermal energy industry.
Large Scale Business Opportunities:
- Setting up large scale geothermal plants. There could be excellent business opportunities for businesses in some of the smaller countries located mostly in Africa, Central/South America, and the Pacific which have a high potential for geothermal but have not exploited it so far.
- If R&D efforts into domains such as enhanced geothermal system are successful, they could result in many more regions around the world starting to invest in geothermal energy
Presenting the Geothermal Profits Report
While there is a large amount of data and inputs available online and offline about the geothermal energy industry, these inputs do not readily answer specific and practical questions that entrepreneurs who are just about to enter this industry have in mind. The objective of the Geothermal Energy Profits Report is to demystify the geothermal industry and provide precise and practical answers to the critical questions.
The report has been prepared after intensive research for over a year by a team of industry, scientific and market research experts. During the preparation, a large number of diverse data sources related to geothermal - both primary and secondary - were used. These included interviews with geothermal experts and consultants, data from high-end consultants, inputs from a number of seminars and conferences on geothermal, white papers, industry and research journals were used.
The Geothermal Profits Report provides strategic advice and numerous case studies on the prominent and emerging geothermal industry, and will be immensely useful for entrepreneurs, businesses and individuals who are keen on understanding the business case in the geothermal industry and devising an effective strategy for this exciting business segment.
What will you know after reading this report?
- How can you personally and professionally benefit from this revolution?
- How have entrepreneurs been able to make a difference to the world while at the same time making profits?
- How have small businesses become multi-billion dollar businesses within a decade by investing in geothermal energy?
- How can you shift from working in your existing, standard industry into the industry of the future?
- What immediate steps can you take so that you have made your first, productive moves in this direction?
- Where should you look for advice and guidance for investing in geothermal energy stocks?
The Geothermal Profits Report provides precise insights and precise inputs for the following questions
- How did the successful entrepreneurs succeed in this industry?
- Does the geothermal energy industry have attractive small business opportunities?
- What are the current and future trends in geothermal energy sources worldwide?
- What are the segments in geothermal energy and sustainability industries that have the most attractive business potential?
- What are the trends and new developments in geothermal energy technologies?
- What are the investment trends and opportunities in geothermal energy and sustainability industries?
- What segments of the geothermal energy industry are attractive for small scale investments?
- What are the most significant problems or bottlenecks in geothermal energy business?
- What steps should an entrepreneur take should she/he be interested in exploring further?
Unique topics on which you will find insights in the report
Information, insights and market research data are provided on a number of emerging trends in geothermal energy and sustainability, along with the business opportunities that they represent.
|
Geothermal
- Enhanced geothermal
- Geothermal heat pumps
|
Green Jobs
- Construction managers
- Due diligence consultants
- Efficiency engineers
- Electrical engineers
- Engineering designers
- Environmental consultants
- Fabrication specialists
- Finance managers & analysts
- Geochemists
- Green energy product specialist
- Grid connectivity experts
- Process engineers
- Service engineers
- Technicians
|
Price: $ 150
List of Contents
Section 1: Status and Trends in Alternative Energy Sources
|
1. Introduction to Alternative Energy and Sustainability Industries
1.1 Introduction to Alternative Energy Sources
|
Figures
- Schematic Representation of Primary and Emerging Sources of Energy
Tables
- Prominent Aspects of Sustainability
|
|
2. Geothermal Energy – Status and Trends
2.1 Introduction to Geothermal Energy
2.2 Geothermal Potential
2.3 Geothermal Technology
2.4 Geothermal Industry – Status and Trends
2.5 Geothermal Energy Problems
|
Figures
- Graph Showing the Estimated World Geothermal Electricity Potential Using Current
- Technology and Technology Improvement
- Global Installed Capacity for Geothermal Electricity Production from 1975 Up To End of 2007 and Forecast to 2010
- Installed Capacity and Electricity Production Using Geothermal Energy for Different Countries (2007)
Tables
- World Installed Capacity, Electricity Production and Capacity Factor of Geothermal Power Plants 1995 - 2005 and Forecasts for 2010 - 2050
- Countries that Could Meet 100 Percent of Electricity Demand with Geothermal Energy
- Installed Capacity of Geothermal by Region (2000, 2005 and 2007) and Forecast (2010)
- Installed Geothermal Power Capacity and Geothermal Electricity Generation in Top 20 Countries, 2007
|
3. Value Chain and Prominent Companies in the Geothermal Energy Domain
3.1 Geothermal Energy Value Chain
3.2 Top Geothermal Energy Companies
|
Tables
- Some Prominent Companies Manufacturing Heat Pumps
|
Section 2: Case Studies and Business Opportunities in Geothermal Energy
4. Geothermal Energy - Case Studies and Business Opportunities
4.1 Geothermal Energy Case Studies
4.2 Geothermal Energy Business Opportunities
4.2.1 Opportunities Framework
4.2.2 New Opportunities in Geothermal Energy
4.2.3 Sample Equipments and Components Used in the Geothermal Industry
|
Tables
- Geothermal Energy Business Opportunities by Investments Required
- Geothermal Energy Business Opportunities by Type of Industry
Sample Case Studies
- How a company which is currently a manufacturer of geothermal products for the residential market grew from $5 million in sales a year to $25 million in a five-year period.
- How a company in Colorado is using water from hot springs water to generate the steam needed to spin a turbine to make electricity.
- How College in Quincy, California, significantly cut their energy costs by switching from antiquated air conditioners to a geothermal heat pump (GHP).
|
|
5. Next Steps for an Entrepreneur Keen on Exploring the Geothermal Energy Industry
5.1 Tips & Suggestions
5.2 Mistakes to be Avoided
6. Careers in Geothermal Energy
6.1 Introduction
6.2 Alternative and Renewable Energy Jobs FAQ
6.3 Renewable Energy Careers
Section 3: Geothermal Energy Industry – Costs and Investments
7. Costs and Investments
7.1 Capital & Operational Expenses for Geothermal Energy Sources
7.2 Geothermal Energy Costs - Notes and Trends
7.3 Geothermal Energy Investments
7.4 Investment Data Trends in Geothermal Energy
7.4.1 Venture Capital Financing
7.4.2 Investments in Geothermal Energy
|
Tables
- Capital & Operational Expenses for Various Renewable Energy Sources
- Energy Returned on Energy Invested for Geothermal Energy
- Sample Investment Data for Geothermal Energy
- New Investments in Sustainable Energy Investment
- VC / PE Investment in Geothermal Energy by Stage
|
|
8. Investing in Green Stocks
8.1 Guide for Green Investing
8.1.1 Global Alternative Energy Indexes
8.1.2 Other Guides for Green Investing
8.2 Some Perspectives on Alternative Energy Investing
Section 4: References
9. Useful Web Resources for an Entrepreneur – News, Guides, Message Boards, Blogs
9.1 News Sites
9.2 Blogs
9.3 Forums
9.4 Portals & Guides
|
Tables
- Alternative Energy News Site
- Geothermal Energy News
- Alternative & Renewable Energy Blogs
- Alternative Energy Forum
- Portals & Guides
|
|
10. Geothermal Energy Associations for the Top 10 Countries
|
Price: $ 150
