Geothermal

Though Canada is rich in fossil fuels, nuclear power may fuel a significant portion of the nation’s future electrical generation needs, especially in provinces that have traditionally relied on hydropower and fossil fuels.

Q: What do you get when you gather roughly two dozen top researchers from academia, government, and industry to speak on interdisciplinary energy-related issues for a week?
A: A lot of informative but crowded slides, high-octane brain power, fact-based analysis of where we are and we’re headed globally, informed questions, and surprisingly practical answers.

Dozens of institutional investors in U.S. renewable energy projects pulled out of the market when the nation’s liquidity reserves dried up late last year. Some left the renewable market sector in search of more lucrative investment opportunities. Others found themselves unable to take advantage of the attractive tax credits because they themselves lacked profits against which to use the credits. The American Recovery and Reinvestment Act of 2009, approved February 13, changed the investor ground rules — again.

Geothermal energy in Europe may have been used for centuries — it was popularized by the Romans and adopted by the Turks — but geothermal-generated electricity was first produced at Larderello, Italy, in 1904. Since then, its growth on the continent has shot up to 820 MW. But, according to the European Renewable Energy Council, the resource’s full potential has barely been harnessed.

Seventy-five countries from around the world joined a new political agency dedicated to the acceleration of green energy this January, but several notable nations — including the U.S., Canada, Australia, UK, Japan, and China — were not among them.

New Zealand’s biggest geothermal energy project in 20 years was officially opened in Kawerau in late November. The state-owned Kawerau Geothermal Station (Figure 5), on the North Island, adds 100 MW to the national grid.

Geothermal energy projects are gaining steam in many parts of the western U.S., in large part because geothermal power has the advantage of being a renewable energy source that provides baseload power with no emissions and no waste by-products. One example of the latest developments in geothermal power generation is the recently completed 10-MW geothermal plant in rural Utah, which uses innovative modular power generation units.

The U.S., which continues to lead the world in on-line geothermal energy capacity, saw a 20% jump in new power projects since January this year, a survey released by the Geothermal Energy Association (GEA) in August showed.

Modern ocean power systems look to convert the mechanical energy of waves or tidal movement to electrical energy. But that’s not all the sea has to offer. It may also be possible to capture and convert the enormous quantities of heat produced by magma escaping through seafloor vents—an undersea version of geothermal energy.

In early February, Western GeoPower (WGP) announced its termination of a 20-year geothermal power purchase agreement (PPA) with Pacific Gas and Electric Co. (PG&E). A WGP press release explains that the company terminated the agreement because a regulatory approval condition had not been obtained within a 180-day time period stipulated in the PPA. WGP’s CEO, […]