Utah to Host Ultimate Geothermal Event in October and more

Leading Stories, Releases, Solicitations

  • Utah to Host Ultimate Geothermal Energy Event in October
  • DOE Announces $4 Million for Geothermal Deep Direct-Use Feasibility Studies
  • Drilling to begin in Great Basin geothermal exploration research project
  • Two Gosar Bills Pass the House Committee on Natural Resources by a Bipartisan Unanimous Consent
  • Heller to Energy: Pick Nevada for Geothermal Laboratory
  • Calpine Agrees to be Acquired by Investor Consortium Led by Energy Capital Partners
  • U.S. Geothermal Inc. Reports Second Quarter 2017 Results and Reaffirms 2017 Guidance
  • Ormat Technologies Reports 2017 Second Quarter Earnings
  • Empower Energies Completes 14.5MW Solar Project for CYRQ Energy
  • ElectraTherm’s New Manufacturing Facility and Enhanced Test Cell Complete
  • Announcing Request for Qualifications (RFQ): California’s Fourth Climate Change Assessment
  • USTDA Accepting Proposals for Energy Projects in Africa
  • Request for Proposals: Geothermal Drilling Training for the Office Djiboutien de Developpement de l’Energie Geothermique
  • 100 Major Companies Have Officially Pledged to Switch to 100% Renewable Electricity
  • Geothermal to Help Ensure Grid Runs Smoothly in California During Solar Eclipse
  • $15,000 in Scholarship Awards will be presented at the 2017 GRC Annual Meeting

More Headlines

 

Leading Stories, Releases, Solicitations

 

Utah to Host Ultimate Geothermal Energy Event in October

 

Salt Lake City, Utah – Over 1,300 attendees will gather at the world’s largest geothermal energy event, the GRC Annual Meeting and GEO EXPO+ , at the Salt Palace Convention Center in Salt Lake City, Utah from October 1-4, 2017.

 

Utah Governor Gary Herbert will address the Opening Session of the GRC Annual Meeting on Monday, October 2, and he will be joined by other special guests and energy experts. The Opening Session will attract leading researchers, academics, students, state and federal agency officials, and executives from over 200 companies, such as Berkshire Hathaway Energy, CYRQ Energy, Calpine, Coso Energy, ENEL Green Power, Ormat Technologies, Inc., U.S. Geothermal Inc., and others that develop, build, maintain and operate geothermal plants around America and the world.

 

The GRC Annual Meeting features over 70 hours of technical presentations, workshops, fieldtrips, a plenary session, networking events and more. The GRC Technical Session programs will cover a wide array of topics pertaining to geothermal energy.

 

The GEOEXPO+ features exhibits by leading companies who are paving the way for geothermal development through new projects, products, services, and technology. The exhibit hall will be open Monday at noon through Wednesday at noon.

 

In addition, there will be joint GRC/GEA policy and market development discussion panels on topics ranging from permit streamlining and new technology developments to the growing international geothermal market.

 

For information or to register for the GRC Annual Meeting go to: https://geothermal.org/meet-new.html or contact alay@geothermal.org.

 

For information about the GEOEXPO+ or to register to exhibit or attend the GEO-EXPO+ go to: http://www.geothermalexpo.org or contact Kathy Schott at Kathy@geo-energy.org.

 

To request an interview with anyone in the geothermal sector or one of our special guests, please contact Rhonda Mills, 323-578-2912 or email rhonda@rtides.com.

About the Geothermal Energy Association:  The Geothermal Energy Association represents over 100 companies in the American geothermal power industry, which supports a workforce of almost 12,000 full-time U.S. jobs. Our nation’s leading developers and energy producers run 104 operating plants in nine states with a capacity of 3,700 megawatts at a replacement value of over $20 billion. There are over 80 new projects in development.
 

DOE Announces $4 Million for Geothermal Deep Direct-Use Feasibility Studies

These projects will extend the reach of geothermal energy into previously untapped regions of the country.

The U.S. Department of Energy announced up to $4 million in funding for six geothermal Deep Direct-Use research projects to conduct feasibility studies of large scale, low-temperature deep-well geothermal systems and cascaded surface technologies. These projects will extend the reach of geothermal energy into previously untapped regions of the country: the Appalachian Basin, the Illinois Basin, the Wassuk Range, the Columbia River Basalt Group, the Walker Lake Valley, and the Gulf Coast region of Texas.

DDU is an emerging technology that has been underutilized in the United States. If feasible, it could deliver direct geothermal energy from lower-temperature resources across the country and significantly expand the reach of that energy into geologically distinct parts of the country.

Direct geothermal energy has the potential to diversify the nation’s energy supply and help meet environmental goals. It is expected to use low-temperature, thermal resources in subsurface reservoirs in U.S. regions lacking conventional hydrothermal resources. DDU wells used to directly power buildings would be deeper than ground-source heat pump boreholes and shallower than wells used for enhanced geothermal systems used for electricity generation.

At a large scale, DDU applications can potentially be used to replace conventional district heating and cooling systems in military installations, hospital complexes, office buildings, hotels, and other large energy end-uses. For the purpose of this announcement, large-scale is defined as a space-conditioning area greater than 10,000 sq. ft. or having an annual thermal energy demand equal to or greater than 125 million British thermal units.

The research will evaluate the feasibility of harvesting heat from geothermal brines and using it directly to heat (or cool) buildings, as well as for other beneficial thermal processes. Pairing low-to-medium temperature geothermal fluids with low-to-medium temperature end-uses instead of using higher temperature power generation or fuels with high Btu content to heat and cool various applications with lower energy requirements can result in significant energy conservation gains.

A U.S. Geological Survey assessment estimates that 46,000 Megawatt thermal (MWth) of total beneficial heat is available from U.S. geothermal resources below 90° C (~195° F). DDU promotes large scale, commercially viable systems that optimize the value stream of lower temperature resources through a cascade of uses.

The research teams selected represent a range of partners who will share the cost of performing the feasibility analysis with DOE. The organizations receiving awards include:

  • Cornell University, Ithaca, N.Y.
  • National Renewable Energy Laboratory, Golden, Colo.
  • Portland State University, Portland, Ore.
  • Sandia National Laboratories, Albuquerque, N.M.
  • University of Illinois, Champagne, Ill.
  • West Virginia University Energy Institute, Morgantown, W.Va.

The Office of Energy Efficiency and Renewable Energy accelerates the research and development of energy efficiency and renewable energy technologies and market-based solutions that strengthen U.S. energy security, environmental quality, and economic vitality.

Visit geothermal.energy.gov to learn more about EERE’s Geothermal Technologies Office, including funding opportunities and efforts to develop innovative technologies capable of locating, accessing, and developing geothermal resources.

Geothermal.energy.gov

 

Drilling to begin in Great Basin geothermal exploration research project

University of Nevada, Reno receives $1.5 million from DOE for Phase III of project to find ‘blind’ systems

RENO, Nev. – The University of Nevada, Reno received funding to begin drilling geothermal test wells this fall in the final phase of a multi-year research project to refine exploration strategies and reduce the risks in developing new geothermal systems capable of producing commercial electricity in Nevada’s Great Basin.

In July, the Department of Energy announced funding for the continuation of the Nevada Play Fairway Project, which seeks to find geographic areas over which the most favorable combinations of heat, permeability and fluid are thought to exist, but no obvious surface signs would indicate an underground geothermal reservoir. These are known as “blind” or “hidden” geothermal systems and are thought to represent the bulk of the region’s geothermal resources. These blind systems don’t have wet marshy areas or other surface clues, such as hot springs or fumaroles spouting steam.

Phase III moves the project into an exploratory drilling campaign that will test the ability of the models developed in Phase I and II to discover new resources. The University, through their Nevada Bureau of Mines and Geology, received $1.5 million from the DOE to finish the third and final phase of the renewable energy project.

“We’re excited to be chosen to continue this work,” Jim Faulds, lead scientist on the project and director of the University’s Nevada Bureau of Mines and Geology, said. “We are striving to improve exploration strategies for conventional geothermal systems in order to facilitate development of new geothermal power plants at reduced risks and costs to the geothermal industry.”

The Play Fairway project, administered by the DOE’s Geothermal Technologies Office, has the promise of yielding significant results to target geothermal well sites with temperatures greater than 130 degrees Celsius (266oF), the typical temperature for a productive well to produce electricity. The project seeks to identify new, economically viable geothermal systems in the state. Geothermal is truly renewable energy. Conventional geothermal systems extract the hot water from underground, exchange the heat and return the fluid back underground.

“There is potential in the Great Basin for much greater amounts of geothermal energy than the current 670 MW produced from the 25 power plants already in place,” Faulds said. “The geothermal wealth of this region can be attributed to its active faulting, which allows hot fluids to rise more quickly to levels accessible through drilling. The Play Fairway project can potentially provide a catalyst for accelerating geothermal development in the region.”

“Due to its tectonic setting, Nevada is richly endowed in geothermal resources,” Faulds, who is also the Nevada State Geologist and a professor in the University’s College of Science, said. “However, many of the obvious sites, for example near surface hot springs, have already been discovered. Because most of the geothermal resources in the Great Basin region are blind, it’s important to characterize the favorable characteristics of the known systems and then utilize that information to discover new systems hidden beneath the surface.”

Mapping Renewable Energy

The Play Fairway Project began in 2015 with mapping and analysis of a 40,000 square mile section of the Nevada Great Basin, which identified a few hundred viable sites for geothermal activity using nine critical parameters. In the second phase of the study, Faulds and his team – which includes several other faculty, graduate and undergraduate students at the University – scoured their geothermal potential map and narrowed the study to 24 of the most promising sites in several areas and then narrowed that to five particularly promising areas. They found evidence for commercial-grade geothermal systems at all five of these sites. Phase III will now test their methodologies with drilling at two or possibly three of these sites.

To choose the final sites for drilling, the team looked at proximity to existing electrical transmission corridors, excluded sensitive habitat and wilderness areas, and reviewed permeability factors and other geological, geophysical and geochemical features indicative of geothermal activity.

“In Phase III, we’ll do the drilling to test the methodologies that we’ve used in phases one and two,” Faulds said. “We’ll be drilling temperature gradient wells, to see if we have hot water, from about 500 to 750 feet deep. Full development of a geothermal system usually requires drilling to much greater depths (a mile or more) and is much more expensive, but the presence of commercial-grade systems can usually be identified at 500 to 750 feet deep. If proven, this play fairway methodology then can be adopted by companies and they can invest in exploration and development with more confidence.”

The first two drilling sites are in northern Granite Springs Valley, about 25 miles west of Lovelock, and in southern Gabbs Valley, southwest of the town of Gabbs. The other sites are in the Sou Hills just north of Dixie Valley, Crescent Valley and Steptoe Valley.

The team will initiate drilling this fall and finish by the end of next summer. They will also complete new geophysical surveys, with the nine attributes as a guide. The final report is scheduled to be complete in March 2019.

Other institutions selected to continue their Play Fairway project are Utah State University, University of Hawaii, University of Utah and Washington Division of Geology and Earth Resources

https://www.eurekalert.org/pub_releases/2017-08/uonr-dtb081517.php

https://www.unr.edu/nevada-today/news/2017/geothermal-drilling

 

Two Gosar Bills Pass the House Committee on Natural Resources by a Bipartisan Unanimous Consent

WASHINGTON, D.C. – U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04), Chairman of the Congressional Western Caucus and the Natural Resources Subcommittee on Energy and Mineral Resources, released the following statement after two of his energy bills, the Public Land Renewable Energy Development Act (H.R. 825) and the Western Area Power Administration Transparency Act (H.R.2371), passed the House Committee on Natural Resources by a bipartisan vote of unanimous consent.

“I am an ardent supporter of a true all-of-the-above energy policy. The Public Land Renewable Energy Development Act (PLREDA) underscores my commitment to making this a reality. My bill is a bipartisan reform that promotes the smart development of renewable energy by eliminating unnecessary red tape to create a streamlined process that will, in turn, drive investment toward high quality renewable resources,” stated Chairman Paul Gosar. “The revenue sharing mechanism in this bill will help local governments deliver critical services on important projects such as road maintenance, public safety and law enforcement.”

“The Public Lands Renewable Energy Development Act offers an innovative approach to advance renewable development while supporting fish and wildlife conservation on our vital public lands, said Steve Moyer, VP of Government Affairs for Trout Unlimited. “It creates a win-win scenario in which states and counties, American energy consumers, and the public lands, all benefit. We thank Representative Gosar for his steadfast leadership on the bill, and we applaud the strong bipartisan list of cosponsors for the bill,” said Moyer.

The second bill to pass the Committee by unanimous consent is Congressman Gosar’s Western Area Power Administration Transparency Act, which requires the administrator of the Western Area Power Administration (WAPA) to establish a pilot project to increase transparency of the agency’s costs and rates.

https://gosar.house.gov/press-release/two-gosar-bills-pass-house-committee-natural-resources-bipartisan-unanimous-consent

 

Heller to Energy: Pick Nevada for Geothermal Laboratory

Washington, D.C. – U.S. Senator Dean Heller (R-NV) today urged Department of Energy Secretary Rick Perry to strongly consider the Fallon Frontier Observatory for Research in Geothermal Energy (FORGE) project in the department’s ongoing facility competition.

Last year, the Department of Energy announced the Fallon, Nevada project was one of two candidates being considered by the government to establish a new headquarters for geothermal energy research. Given Nevada’s role as a leader in renewable energy technologies combined with the state’s geothermal makeup, Nevada is uniquely situated for this project. The Department of Energy is expected to make a final decision early next year between the Fallon, Nevada project and another project located in Utah.

In a letter sent to Secretary Perry, signed by all members of the Nevada congressional delegation, the letter argued Nevada is “perfectly suited to host this one-of-a-kind research laboratory.”

“Our state is arguably the world’s intellectual epicenter for geothermal technology development and technical training. Nevada is home to a world class university and community college programs dedicated to training geologic specialists,” the delegation members wrote. “Nevada is the second-most heavily geothermal installed state in the nation, and has the greatest untapped geothermal potential of any state. Furthermore, we have development underway that will expand our geothermal generation portfolio nearly fivefold.”

The groundbreaking Fallon, Nevada project proposal consists of a team that includes Sandia National Laboratories, Lawrence Berkeley National Laboratory, the University of Nevada-Reno, the U.S. Geological Survey Menlo Park Science Center, the U.S. Navy Geothermal Program Office, Ormat Nevada, GeothermaEx/Schlumberger, and Itasca Consulting Group.

The Fallon FORGE site lies within and adjacent to the U.S. Naval Air Station Fallon.

The delegation members continued, “This technology represents a revolution for the industry, and presents an enormous opportunity to expand the market share of clean, domestically produced, baseload power in the U.S. electricity mix…As the scientists and researchers at FORGE produce technology breakthroughs, the existing education and economic infrastructure for geothermal in Northern Nevada will provide the strongest possible conditions for these innovations to proliferate into the commercial market.”

https://www.heller.senate.gov/public/index.cfm/pressreleases?ID=2343AD22-4082-4BA2-BF26-13B7AA00A449

 

Calpine Agrees to be Acquired by Investor Consortium Led by Energy Capital Partners

HOUSTON–(BUSINESS WIRE)– Calpine Corporation (NYSE:CPN), America’s largest generator of electricity from natural gas and geothermal resources, today announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for $15.25 per share in cash, or $5.6 billion. The purchase price represents an approximately 51% premium to Calpine’s unaffected share price of $10.07 on May 9, 2017, the day prior to initial media speculation of a transaction. The transaction follows a competitive strategic review process and was unanimously approved by Calpine’s Board of Directors.

“We are very pleased to announce this proposed transaction and are confident it is in the best interests of our shareholders and stakeholders,” said Frank Cassidy, Chairman of Calpine’s Board of Directors. “This transaction is the result of an exhaustive review of strategic alternatives undertaken by our Board, with the assistance of outside advisors, to maximize shareholder value and unlock the company’s intrinsic value, while eliminating execution risk. We are confident that this is the best outcome of that review and look forward to shareholder approval.”

“We are excited to partner with Energy Capital, a leading private equity investment firm focused on North American energy infrastructure and power assets,” said Thad Hill, President and Chief Executive Officer of Calpine. “With ECP, Calpine will be able to operate as it always has – executing on our strategic objectives of providing safe and reliable power and serving our retail and wholesale customers with differentiated products and services. We will also continue to strengthen our wholesale power generation footprint, while benefiting from ECP’s support, industry expertise and long-term investment horizon. In short, Calpine will continue to be the nation’s premier competitive power company.”

Tyler Reeder, a partner at Energy Capital Partners, stated: “We look forward to joining forces with Calpine’s talented team as they continue executing their strategy. We see significant value in Calpine’s operational excellence and strong and stable cash flows and have been impressed by the Company’s exceptional leadership and talented employees. We do not expect to make any changes to the way Calpine operates its business and intend to remain focused on providing the high level of service to which Calpine’s wholesale and retail customers have become accustomed. Finally, we do not intend to make any changes to the Company’s financial policy or previously announced $2.7 billion deleveraging plan.”

Calpine will maintain its corporate headquarters in Houston, Texas with the current management team expected to remain in place.

“Go-Shop” Period

The agreement includes a 45-day “go-shop” period, during which Calpine, with the assistance of its legal and financial advisors, can actively solicit, evaluate and potentially enter into negotiations with parties that offer superior alternative proposals. The agreement provides for the payment of a termination fee by Calpine of $142 million to the investor consortium in the event that the agreement is terminated for a superior proposal; except that the termination fee will be $65 million if Calpine terminates the agreement for a superior proposal from certain exempted persons prior to 12:01 a.m., Eastern time, on the 106th day after the date of the agreement. There can be no assurance that this process will result in a superior proposal. Calpinedoes not intend to disclose developments during this process unless and until its Board has made a decision with respect to any potential superior proposal.

Stockholder and Regulatory Approval

The proposed transaction is subject to approval by stockholders representing a majority of outstanding shares of common stock of Calpine. In addition, the transaction is subject to expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Other necessary regulatory filings include Federal Energy Regulatory Commission (FERC), New York Public Service Commission (NYPSC), the Public Utility Commission of Texas (PUCT) and other states, as necessary.

The parties currently expect the transaction to close in the first quarter of 2018.

Investor Consortium Funding

Along with Energy Capital Partners, the investor consortium is led by Access Industries and Canada Pension Plan Investment Board. An entity wholly owned and controlled by ECP and its consortium will fund 100% of the equity required to consummate the transaction. The transaction is not subject to a financing condition. Calpine expects both Standard and Poor’s and Moody’s Investors Service to affirm Calpine’s credit ratings.

Financial and Legal Advisors

Lazard is serving as financial advisor and White & Case LLP as legal advisor to Calpine. Barclays Capital Inc. is serving as financial advisor and Latham & Watkins LLP as legal advisor to Energy Capital Partners.

About Calpine

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses Calpine Energy Solutions and Champion Energy, we serve customers in 25 states, Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. Please visit www.calpine.com to learn more about how Calpine is creating power for a sustainable future.

Calpine’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, has been filed with the Securities and Exchange Commission (SEC) and is available on the SEC’s website at www.sec.gov.

About Energy Capital Partners

Energy Capital Partners is a private equity and credit investment firm with over $13 billion in capital commitments. The firm focuses on investing in the traditional and renewable power generation, midstream oil and gas, electric transmission, environmental infrastructure and related energy services sectors of North America’s energy infrastructure. For more information, visit www.ecpartners.com.

About Access Industries

Access Industries is a privately held, U.S.-based industrial group with global strategic investments. Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, the group is headquartered in New York, with offices in London and Moscow. Access invests in industries where it can maximize long-term value by developing regional and global leaders. Its industrial focus spans four key sectors: natural resources and chemicals; media and telecommunications; real estate and hospitality; and venture capital. For more information, visit www.accessindustries.com.

About Canada Pension Plan Investment Board

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2017, the CPP Fund totaled C$326.5 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.

http://investor.calpine.com/news/press-release-details/2017/Calpine-Agrees-to-be-Acquired-by-Investor-Consortium-Led-by-Energy-Capital-Partners/default.aspx

 

U.S. Geothermal Inc. Reports Second Quarter 2017 Results and Reaffirms 2017 Guidance

Highlights

  • Nineteenth consecutive quarter of positive Cash Flow from Operations and EBITDA
  • Submitted proposal for San Emidio II to RFP with NV Energy on July 6, 2017
  • Submitted proposal for Geysers to RFO for Renewable Energy Supplies with San Francisco Public Utilities Commission (SFPUC) on July 26, 2017
  • Completed the deepening of three additional wells and planning for flow testing at San Emidio II
  • Commenced engineering for the Neal Hot Springs hybrid cooling system and preparing for water well testing
  • Continued detailed engineering on the WGP Geysers project

BOISE, Idaho, Aug. 10, 2017 (GLOBE NEWSWIRE) — U.S. Geothermal Inc. (the “Company”) (NYSE American:HTM), a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, announced today its financial and operating results for the second quarter of 2017, ended June 30, 2017, reaffirmed guidance for 2017, and highlighted notable achievements in the first six months of 2017.  This earnings release should be read in conjunction with US Geothermal’s financial statements, and management’s discussion and analysis (“MD&A”), which are available on the Company’s website at www.usgeothermal.com and have been posted at the U.S. Securities and Exchange Commission website at www.sec.gov.

For more: http://www.usgeothermal.com/releasedetail.cfm?ReleaseID=1037006

 

Ormat Technologies Reports 2017 Second Quarter Earnings

Total Revenues increased 12% and Net income attributable to the company’s shareholders increased 44% Company Reiterates Full-Year Guidance

RENO, Nev. August 3, 2017 – Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2017.

Second Quarter 2017 Highlights and Recent Developments:

  • Total revenues of $179.4 million, up 12.2% compared to the second quarter of 2016:

o          Electricity segment revenues of $111.8 million, up 7.5% compared to the second quarter of 2016, mainly due to higher performance of our Puna plant as well as the consolidation of our Bouillante power plant in Guadeloupe;

o          Product segment revenues of $67.6 million, up 21.0% compared to the second quarter of 2016;

  • Electricity generation increased 2.4%, compared to the second quarter of 2017, from 1.30 million MWh to 1.33 million MWh;
  • Gross margin was 39.3% of total revenues compared to 41.2% in the second quarter of 2016, due to lower margins in the product segment; Electricity segment margin increased to 41.5% from 40.2%;
  • Operating income increased 2.4% to $53.2 million compared to $51.9 million in the second quarter of 2016;
  • Net income attributable to the company’s shareholders of $35.0 million, or $0.69 per diluted share, compared to $24.3 million, or $0.49 per diluted share, in the second quarter of 2016;
  • Adjusted net income attributable to the company’s shareholders of $29.5 million, or $0.58 per diluted share, compared to $24.3 million, or $0.49 per diluted share, in the second quarter of 2016;
  • Adjusted EBITDA of $88.1 million, up 8.5% compared to $81.2 million in the second quarter of 2016;
  • Declared a quarterly dividend of $0.08 per share for the second quarter of 2017;
  • Product segment backlog remains strong at $192.0 million(2); added approximately $50.0 million of new orders;
  • Executed a new portfolio power purchase agreement (portfolio PPA) with Southern California Public Power Authority (SCPPA), under which SCPPA will purchase 150MW of power generated by a portfolio of Ormat’s new and existing geothermal power plants beginning in the fourth quarter of 2017 at a fixed price of $75.50 per MWh; and
  • ORIX acquired 22% ownership stake in Ormat and the previously reported Commercial Cooperation Agreement entered into by Ormat and ORIX is now effective.

“Continued growth in our electricity segment and a strong quarter for our products segment enabled us to deliver 12.2% top-line growth in the second quarter,” commented Isaac Angel, Chief Executive Officer. “Our focus on streamlining our entire value chain over the past three years enabled us to increase electricity segment gross margin to 41.5% and to grow our Adjusted EBITDA by 8.5%, demonstrating the strength of our business.”

“During the second quarter we signed the new portfolio PPA with SCPPA. This portfolio PPA will enable both the development of multiple new projects as well as the sustainable operation of several of our existing geothermal power plants. With the SCPPA portfolio PPA in place, Ormat is well positioned for consistent growth in the US. Another recent noteworthy development is that with the closing of ORIX’s acquisition of an approximately 22% ownership stake in Ormat, the Commercial Cooperation Agreement that Ormat and ORIX executed in connection with that acquisition became effective last week, and we expect that it will expand our business opportunities in Asia and other key geographies and may also improve our access to capital,” added Mr. Angel.

For More: http://www.ormat.com/news/latest-items/ormat-technologies-reports-2017-second-quarter-earnings

 

Empower Energies Completes 14.5MW Solar Project for CYRQ Energy

FREDERICK, Md., Aug. 15, 2017 /PRNewswire/ — Empower Energies, Inc., a leading clean energy development and financing company, announces the completion of the Patua solar power project, a 14.5MW DC solar array in Churchill County, UT. The project supplements an existing geothermal power plant owned by CYRQ Energy, a Salt Lake City based renewable energy company.

Empower advised CYRQ on the development and design of the Patua solar project, including the selection of the solar equipment, which included approximately 45,360 photovoltaic (PV) solar panels, and the EPC for the construction and commissioning of the project. As construction manager, Empower’s development and operations team assisted CYRQ with optimizing the design of the project, overseeing supply chain management issues, and managing the project construction schedule with the EPC. The project was completed at the end of July, ahead of schedule and under budget.

“We were very impressed with the expertise and support we received from Empower Energies in working with our team on the design and completion of this critical project,” said Nick Goodman, CEO of CYRQ Energy. “We look forward to continuing to work with Empower on other solar projects to support our geothermal activities in the U.S.”

“The Patua project is a prime example of the strength of Empower’s flexible business model in the clean energy industry,” said John Clapp, President and CFO of Empower Energies. “We are able to deploy our development and operations teams to deliver high quality solar and related clean energy projects throughout the U.S. for customers whether they intend to own the project themselves, like CYRQ Energy, or seek third party financing through our DG Fund.”

Empower has recently hired several leading industry professionals to its business development and operations team to meet the growing demand from its core commercial, industrial and institutional clients for solar, solar and storage, solar and reroof, and virtual PPA projects throughout the U.S.

For more information, visit empowerenergies.com or contact Empower at: (240) 490-4200.

About Empower Energies  Empower Energies is a full service clean energy development and financing company, working directly with customers on project development and delivery. Empower also leverages its DG Fund for committed third party capital and tax equity to support its own PPA projects or those acquired from other developers, EPCs, and related project sources. Empower is actively seeking new customers and solar project acquisition opportunities as well as talented professionals in sales, finance and operations.

About CYRQ  Headquartered in Salt Lake City, Utah, Cyrq is a renewable energy company with geothermal interests in both generating and/or supplying energy to California, New Mexico, Utah, Oregon, Nevada and Indonesia.

http://www.prnewswire.com/news-releases/empower-energies-completes-145mw-solar-project-for-cyrq-energy-in-utah-300504605.html

 

ElectraTherm’s New Manufacturing Facility and Enhanced Test Cell Complete

Integration with BITZER Group on Plan

ElectraTherm, the leader in distributed waste heat to power, announces the completion of its 50,000 square foot manufacturing plant and R&D test center in Flowery Branch, Georgia. The new building has equipment in place, established flow lines, a commissioned test cell and is ready for full production of ElectraTherm’s Power+ Generators. These developments follow the 2016 acquisition of ElectraTherm by BITZER, the world’s largest independent manufacturer of refrigeration compressors.

To expedite the integration of ElectraTherm into the BITZER US campus and transition its production facility from Reno, Nev., ElectraTherm transitioned engineering and production support to Georgia following the acquisition. With the completion of the new facility, ElectraTherm has production and testing capability in place to continue its commitment towards innovative waste heat to power technology. The new research and development center will provide the engineering team with the most advanced testing and optimization equipment as the company continues to create markets within the growing waste heat to power segment.

ElectraTherm’s Power+ Generator uses Organic Rankine Cycle (ORC) technology to capture waste heat and convert it to clean electricity. Hot water is the only fuel consumed by the Power+. The waste heat is used to produce a high-pressure vapor that expands through ElectraTherm’s twin screw power block, spinning an electric generator to produce fuel-free, emission-free power to be consumed on site or exported to the grid. After spinning the expander, the vapor is condensed back into liquid through a liquid loop radiator. The Power+ produces power from an unutilized resource, increases site efficiency and can also reduce site cooling loads.

ElectraTherm’s Power+ Generator™ utilizes waste heat on applications such as internal combustion engines, biomass boilers, flare gas (at oil & gas wells, wastewater treatment plants and landfills), geothermal/co-produced fluids, and more. ElectraTherm’s Power+ fleet exceeds 50 machines in operation in 11 countries and has surpassed 740,000 hours of runtime.

About ElectraTherm, Inc.

ElectraTherm, Inc. by BITZER group, focuses on waste heat to power and is headquartered in the USA. ElectraTherm generates fuel-free, emission-free power from low temperature waste heat using the Organic Rankine Cycle (ORC) and patented technology. For more information on ElectraTherm and its clean energy products, please visit http://www.electratherm.com. To learn more about BITZER and its advanced refrigeration and compression technologies, visit http://www.bitzer.de/us.

 

Announcing Request for Qualifications (RFQ): California’s Fourth Climate Change Assessment

Deadline for Submittal is 3 p.m. PDT, Friday, September 1, 2017

HIGH-LEVEL EXPERT ON THE SCIENCE, POLICY AND PRACTICE OF CLIMATE ADAPTATION AND INFRASTRUCTURE¬¬ DEVELOPMENT

BECI is looking for a high-level expert on the science, policy and practice of climate adaptation and infrastructure development to assist the State of California develop, manage, and facilitate the Climate Safe Infrastructure Working Group and lead the group in producing a Final Report of their findings to the Strategic Growth Council and the Legislature.

Instructions for Submission of RFQ Response:

RFQ Response must be submitted via email as a single PDF file.  The deadline for submissions is 3 p.m. Pacific Daylight Time on Friday, September 1.  The email address for submissions is cca@beci.berkeley.edu.  Earlier submission is encouraged to avoid potential last minute issues with transmittal.

Required information for consideration:

  • Curriculum Vitae
  • Short (1 – 6 pages) statement of interest, relevant experience, and description of how the proponent would manage the Working Group and implement each required task
  • Proposed rate for services

RFQ is attached with further details and available directly from BECI’s website here.

http://beci.berkeley.edu/wp-content/uploads/2017/07/RFQ-Climate-Science-Policy-Adaptation-Infrastructure-Expert.pdf

 

USTDA Accepting Proposals for Energy Projects in Africa

ARLINGTON, Va. – The U.S. Trade and Development Agency announced today a call for initial proposals from project sponsors in sub-Saharan Africa or U.S. companies working with African project sponsors. These entities are invited to submit an initial concept paper (not to exceed five pages) on energy-related projects to USTDA no later than Monday, September 25, 2017 at 5:00pm Eastern Time to be considered for funding.

The proposal should include a brief description of the project’s size and status, including project location, economic fundamentals, equipment and technology requirements, legal and regulatory considerations, and the purpose and amount of USTDA funding requested.  The proposal should also outline the sponsor’s experience, potential options for financing the project, risks that the project faces, and estimated potential for U.S. content in the project’s implementation. USTDA’s full proposal guidelines are available on its website.

USTDA projects are assessed for viability, including proven technologies, as well as their social and environmental impact. USTDA funding is open to private and public beneficiaries on a 100 percent grant basis.

USTDA is an implementing agency of both the Power Africa and U.S.-Africa Clean Energy Finance programs, which seek to increase access to electrical power and support private sector investments in African clean energy infrastructure. USTDA’s investments under these programs provide critical early-stage support to advance new power generation, transmission and distribution infrastructure.

To get further information and begin the proposal process, please contact PowerAfrica@ustda.gov.

Request for Proposals: Geothermal Drilling Training for the Office Djiboutien de Developpement de l’Energie Geothermique

OPPORTUNITY OPEN DATES:

August 28, 2017 – September 15, 2017

 

BACKGROUND:

 

The U.S.-East Africa Geothermal Partnership (EAGP) is a public-private partnership between the U.S. Agency for International Development (USAID) and the Geothermal Energy Association (GEA), implemented by the U.S. Energy Association (USEA). It was established in September 2012 to promote the development of geothermal energy projects and increase private sector investments in geothermal in East Africa. It also encourages and facilitates the involvement of the U.S. geothermal industry in the region.

 

EAGP is part of Power Africa. One of the goals of Power Africa is doubling access to power in sub-Saharan Africa in five years. Power Africa uses a wide range of U.S. government tools to support investment in Africa’s energy sector. From policy and regulatory best practices, to prefeasibility studies and capacity building, to long-term financing, insurance, guarantees, credit enhancements and technical assistance, Power Africa provides coordinated support to help African partners expand their electricity generation capacity and access. With an estimated 15,000 MW of potential geothermal capacity in East Africa – a clean, reliable, baseload power solution – geothermal energy is critical to East Africa’s economic development especially as a base-load power source.

 

To establish a cleaner, more affordable and reliable power system the Government of Djibouti has been focusing on geothermal energy to provide an inexpensive baseload source of electricity. To support the Government’s objectives, the United States Government (USG), through Power Africa, has been collaborating with the private sector and other development finance institutions (DFIs) to accelerate the development of Djibouti’s geothermal resources.

 

The Office Djiboutien de Développement de l’Energie Géothermique (ODDEG) was established in 2014 as the geothermal government entity working directly under the Presidency. The organization’s mandate is to serve as the country’s geothermal exploration and development group. As a young entity building the capacity of the organization’s staff is essential to the team’s long-term success. Currently the staff has limited field experience in geothermal drilling engineering. Therefore, there is an immediate need for trainers to lead a geothermal drilling engineering course in Djibouti for ODDEG’s engineers.

 

This consultancy, funded by Power Africa through the U.S.-East Africa Geothermal Partnership (EAGP) aims to build the capacity of ODDEG’s engineering staff to efficiently and effectively manage their drilling activities. The Consultant(s) will: 1) Produce an agenda and training material for a single five (5) day geothermal drilling training program for ODDEG 2) Travel to Djibouti, Djibouti for five (5) working days to deliver the training program to ODDEG staff 3) Administer a pre-training and post-training survey to measure trainees’ progress; and 4) Deliver a post-training report to EAGP summarizing the training program and outcomes for the trainees.

 

PROJECT TASKS AND DELIVERABLES

The Consultant(s) will carry out with the following:

Task 1: Preparation and Delivery of an Agenda/Course Outline and Training Materials for a Five (5) Day Training Course on Geothermal Drilling Engineering.

Prior to travel to Djibouti, the Consultant(s) will liaise with EAGP management to develop a course outline/agenda for the training program and the corresponding training materials. In coordination with EAGP and USAID/Djibouti, the Consultant(s) will communicate with ODDEG to determine the dates for the training program.

The core focus of the presentations should be an overview of key concepts in geothermal drilling engineering. The Consultant(s) shall cover the following topics, and may propose additional topics:

 An Introduction to Geothermal Drilling Engineering

 Well Design

 Casing Design

 Well Planning

 Rigs and Equipment

 Drilling Fluids

 Cementing

 Well Control

 Drilling Tools

 Directional Drilling

 Drilling Program and Cost Estimating

 

Deliverables for Task 1:

Any draft-version digital files or physical handouts to be presented as part of the training program should be submitted to USEA/EAGP no later than one week prior to the start of the training program.

Task 2: Delivery of Training Course

The Consultant(s) will travel to Djibouti to deliver the training module to ODDEG staff. EAGP staff will be responsible for planning travel, lodging and in-country transportation logistics. The Consultant(s) will be responsible for delivering the course to ODDEG staff.

Following completion of the training program, the Consultant(s) shall submit one report that summarizes major outcomes from the training program, challenges encountered, and progress/knowledge gained by participants. The report should include a summary of the pre-training and post-training surveys administered by the Consultant(s). The report will be marked “Confidential” and will not be distributed by the Consultant(s) without the express permission of ODDEG and/or USEA/EAGP. The report will include the following sections:

  1. The Consultant(s) name, company affiliation, position within the company and contact email
  2. Brief summary of the training program delivered to ODDEG
  3. Summary of the pre-training and post-training surveys administered
  4. Identification of challenges facing ODDEG staff in completing the training
  5. Recommendations for additional training and technical assistance, as appropriate

 

Deliverables for Task 2:

Final materials presented in the training should be submitted to USEA/EAGP no later than one week after the training program.

The Consultant(s) shall turn in a draft version of the confidential report described above for review by USEA/EAGP no later than two weeks following the completion of the in-country assignment. After USEA has returned any comments or questions, the Consultant(s) shall prepare a final draft of the assessment report to be submitted to USEA/EAGP no later than one week following the receipt of USEA’s edits. In addition to the report, the Consultant(s) should provide to USEA the participant list from the training and the results of the pre-training and post-training survey.

DESIRED COMPETENCIES, SKILLS AND EXPERIENCE

  • A team that comprises experts with advanced degrees in Engineering, Petroleum Engineering, Project Management, Geology, Geochemistry, Geoscience, Geophysics, or a related field
  • Minimum of eight (8) years of professional experience in geothermal project development, business management, strategic planning, organizational change management, drilling engineering or related fields
  • Knowledge of East Africa’s geothermal stakeholders, development history, and potential for growth
  • Understanding of geothermal drilling engineering
  • Excellent communication, analytical and writing skills
  • Ability to work independently and with a variety of organizations
  • Ability to travel for this assignment internationally

EVALUATION CRITERIA AND CONTRACT MANAGEMENT/OVERSIGHT

Evaluation of proposals will be conducted by a stakeholder review team on a Quality and Cost-Based Selection (QCBS) basis with a Cost weight of 30% and Quality weight of 70%. Contract management, oversight and payment will be carried out by the United States Energy Association (USEA).

CONTRACT TYPE

This contract will be awarded as a fixed price contract, which shall only include labor, as USEA will directly cover costs associated with travel.

PROPOSAL SUBMISSION

Proposals should be submitted by email in PDF form to Ms. Ashley Ndir at andir@usea.org. Proposals should be in PDF in a single file.

DEADLINE FOR SUBMISSION

Proposals must be submitted no later than 5:00 PM PDT on September 15th, 2017.

DOCUMENTS TO INCLUDE WHEN SUBMITTING A PROPOSAL

Applicants must submit the following:

  • Letter of Interest explaining the qualifications of the Applicant
  • Technical proposal outlining the proposed work plan and methodology. This proposal should include a narrative detailing the qualifications and roles of any team members, how each objective of the consultancy will be met, an estimated timeline for the delivery of services, proposed deliverables, any necessary international travel and the location of work carried out.
  • CV(s) including past experience in similar projects and demonstrating a minimum of eight (8) years of professional experience in a relevant field.
  • Financial proposal detailing anticipated cost of services to complete the consultancy aligned with the work plan in the proposal, including, but not limited to:

o Labor, fringe and overhead

o Equipment, supplies and communications

 

QUESTIONS AND CLARIFICATIONS

For any questions or clarifications about this consultancy, please contact Ms. Ashley Ndir at andir@usea.org. Please submit questions prior to 5:00pm September 4th, 2017. All questions and answers shall be made public on the USEA website on September 6th, so that all interested parties are fully informed.

 

100 Major Companies Have Officially Pledged to Switch to 100% Renewable Electricity

Climate Reality Project., August 3, 2017 https://cleantechnica.com/2017/08/03/100-major-companies-officially-pledged-switch-100-renewable-electricity

Since 2014, the #RE100 initiative has been working behind the scenes with businesses and organizations of all sizes and sectors to negotiate transitions to 100 percent renewable electricity. The reason is simple: shift to 100 percent renewable electricity and you massively reduce the amount of carbon pollution you produce as a company. The initiative has seen a steady stream of successes as companies that have committed to the pledge include Coca-Cola, Apple, IKEA, Google, Starbucks, and Walmart. But on July 10, something big happened as #RE100 announced that 100 companies had officially pledged to transition to renewable electricity. 100 major companies that millions rely on every day transitioning to 100 percent renewables – and succeeding – sends a signal that the shift to a clean energy economy is truly on and proves to other companies and organizations that they can make the switch as well.
Geothermal to Help Ensure Grid Runs Smoothly in California During Solar Eclipse: Geothermal Resources Council, August 2, 2017 http://geothermalresourcescouncil.blogspot.com/2017/08/usa-california-geothermal_2.html The California Public Utilities Commission  notes that as the solar eclipse passes over the Pacific Northwest from 9 a.m. to 11 a.m. PT on August 21, it will affect solar resources providing power to California’s grid. It is predicted to cause a loss of 4,194 megawatts of California large scale solar electricity. Accordingly, Californians are being asked to save energy during the eclipse to help reduce the strain on the state’s solar power resources. The Commission notes that the state has plenty of geothermal, wind, hydro, and natural gas to make sure the grid runs smoothly during the solar eclipse. In addition, by reducing electricity consumption, power plants will burn less fossil fuel and fewer greenhouse gasses will be emitted in California when solar energy production dips during the eclipse.
 

$15,000 in Scholarship Awards will be presented at the 2017 GRC Annual Meeting

Salt Lake City, USA (PRWEB) The Geothermal Resources Council (GRC), a non-profit educational association dedicated to the promotion of geothermal energy and associated technologies around the world, is pleased to announce the recipients of six GRC Scholarship Awards.

The selection was based upon a variety of factors, including the individual’s academic record, student activities, geothermal industry experience, and career goals.

The scholarships, totaling $15,000, will be presented at the GRC Annual Meeting, to be held in Salt Lake City, Utah, USA, from October 1 – 4.

The winner of the GRC Student Project Award ($4,500) is Emma McConnville (University of Nevada – Reno). The three winners of the GRC Graduate Scholarship Awards ($2,500 each) are Jon Golla (University of New Mexico), Steven Sewell (Victoria University) and Daniel “Burke” Brunson (University of North Dakota). Finally, the two winners of the GRC Undergraduate Scholarship Awards ($1,500 each) are Travis Broadhurst (University of North Carolina—Chapel Hill) and John Grill (Montana Tech of the University of Montana).

The GRC Annual Meeting & GEA GeoExpo+ is the industry’s largest annual gathering of leading geothermal energy scientists, producers, renewable energy industry stakeholders, regulators, utilities, and key associated business leaders. The four-day event will offer technical, policy, and market conference sessions, educational seminars, tours of local geothermal and renewable energy projects, and numerous networking opportunities.

Registration to the GRC Annual Meeting is now open and includes entry to the GEA Expo. Hotel room reservations can now be made on the GRC website at http://www.geothermal.org. A discounted room rate is available until September 5, so early reservations are recommended.

For more information about the GRC Annual Meeting & GEA GeoExpo+ in Salt Lake City, Utah, USA, visit http://www.geothermal.org or call (530) 758-2360.

For information on how to sponsor this event, contact Estela Smith, GRC at (530) 758-2360 or grc(at)geothermal(dot)org.

http://www.prweb.com/releases/2017/08/prweb14612315.htm

 

More Headlines

 

Ethiopia, Reykjavik Geothermal (RG) Resolve Differences over Largest Geothermal Project in Africa

https://www.ezega.com/News/NewsDetails/4544/Ethiopia-Reykjavik-Geothermal-RG-Resolve-Differences-over-Largest-Geothermal-Project-in-Africa

 

Geothermal – a Key Source of Clean Energy in Central America

http://www.ipsnews.net/2017/08/geothermal-key-source-clean-energy-central-america/

 

Companies Team Up on Exploration Data for Lithium, Geothermal Projects

http://www.renewableenergyworld.com/articles/2017/08/companies-team-up-on-exploration-data-for-lithium-geothermal-projects.html

 

Developing Geothermal Energy (Video)

http://cnnphilippines.com/videos/2017/08/16/Developing-geothermal-energy.html

 

BOP gets cash to spur geothermal energy use (NZ)

http://www.msn.com/en-nz/news/national/bop-gets-cash-to-spark-geothermal-use/ar-AAqxXyH

 

15,000 Households To Benefit From Tawau Geothermal Project (Malaysia)

http://www.bernama.com.my/bernama/state_news/news.php?cat=sbe&id=1384959

 

Geothermal Energy Could Support Central American Low-Carbon Economic Development

https://cleantechnica.com/2017/08/22/geothermal-energy-support-central-american-low-carbon-economic-development/

 

Turkey’s geothermal plant in Denizli starts operation

http://www.constructionweekonline.com/article-46051-turkeys-geothermal-plant-in-denizli-starts-operation/

 

Tapping geothermal energy (Dubai)

http://conceptnewscentral.com/index.php/2017/08/26/tapping-geothermal-energy/

 

Initial findings on geothermal sites in the UAE promising for development

http://www.thinkgeoenergy.com/initial-findings-on-geothermal-sites-in-the-uae-promising-for-development/

 

Analysis: Can geothermal help Japan in crisis?

http://www.reuters.com/article/us-geothermal-idUSTRE72N11E20110324

 

Tatapani geothermal project in India will see drilling start soon

http://www.thinkgeoenergy.com/tatapani-geothermal-project-in-india-will-see-drilling-start-soon/

 

Sinopec goes big on geothermal

http://www.chinadaily.com.cn/bizchina/2017-08/15/content_30626267.htm

 

Thai Luxe Enterprises, through a power subsidiary is pushing small-scale geothermal development with investment into small binary geothermal power plants in Oita Prefecture, Japan.

http://www.thinkgeoenergy.com/thai-company-pushing-small-scale-geothermal-development-in-beppu-japan/

 

NEGATU: AfDB is investing in a new initiative to power Africa by 2025

http://www.theeastafrican.co.ke/business/AfDB-is-investing-in-a-new-initiative-to-power-Africa-by-2025/2560-4060666-3kl75/index.html

 

Chile’s energy transformation is powered by wind, sun and volcanoes

http://www.seattletimes.com/nation-world/chiles-energy-transformation-is-powered-by-wind-sun-and-volcanoes/

 

Next-Gen Geothermal Could Unlock Vast Energy Supplies Just Below Earth’s Surface

https://www.seeker.com/earth/energy/next-gen-geothermal-could-unlock-vast-energy-supplies-just-below-earths-surface

 

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Watch for News About Expanded Geothermal Sessions to be held at GRC Annual Meeting/GEA GEOEXPO+ and more

Leading Stories, Releases, Solicitations

  • Berkeley Lab to Lead Multimillion-Dollar Geothermal Energy Project
  • Gosar Public Lands Renewable Energy Bill Passes the House Committee on Natural Resources by a Bipartisan Unanimous Consent
  • Senate Committee Votes to Support DOE Geothermal Funding
  • California SB 100 Continues Progress
  • Bipartisan Support Extends California’s Cap-and-Trade Program
  • Lawrence Berkeley Lab Issues State RPS Report — 50% increase in US Renewable Generation by 2030
  • Ormat Technologies, Inc. Implements Corporate Governance Changes in Connection With Closing of ORIX Transaction
  • TNG completes their 400th GWERT Job
  • Tanzania wins US$21.7 million from Climate Investment Funds to advance geothermal exploration and transform its energy sector

 

More Headlines

 

GEA Update

GEA has been working on expanding the program for the GEA Geothermal EXPO+ in Salt Lake City by adding a series of panels covering key technology, policy, regulatory and market issues.  The panels build upon GEA’s popular National Geothermal Summit Programs held past years. We hope to be able to announce the panels soon.  These program sessions will be open to registered attendees of the GRC Annual Meeting or the GEA Geothermal EXPO+.  One more reason to plan on participating.  For more information go to: http://geothermalexpo.org/ or email Kathy@geo-energy.org.

DON’T FORGET to support the geothermal industry with your GEA Membership! GEA Annual Members Meeting and Board Elections are coming up in Salt Lake City.  Renew or Join GEA today, please email Kathy@geo-energy.org.

 

Leading Stories, Releases, Solicitations

Berkeley Lab to Lead Multimillion-Dollar Geothermal Energy Project

New effort aims to accelerate commercialization of enhanced geothermal systems

Berkeley Lab scientist Tim Kneafsey demonstrates how he places rock samples, from the Brady Geothermal Field in Nevada, into a stress permeability apparatus, which tests how long a fracture can remain open. (Credit: Marilyn Chung/Berkeley Lab)

The Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) will lead a new $9 million project aimed at removing technical barriers to commercialization of enhanced geothermal systems (EGS), a clean energy technology with the potential to power 100 million American homes.

Berkeley Lab will partner with seven other DOE national labs and six universities to develop field experiments focused on understanding and modeling rock fractures, an essential element of geothermal systems. Scientists will use the Sanford Underground Research Facility (SURF) in South Dakota to create small-scale fracture networks in crystalline rock 1,500 meters below ground.

“We will be putting instrumentation within tens of meters of the fractures and will be able to detect fracturing at a higher resolution than what has ever been done before,” said Berkeley Lab’s Tim Kneafsey, who leads the project. “The goal is to work towards increasing our understanding of fracturing and fluid flow in EGS, which could provide a significant amount of electricity as a large quantity of accessible hot rock lies untapped across the U.S.”

“Although geothermal energy production is already used effectively, there is a lot we need to learn about how to create and develop an EGS reservoir,” Kneafsey said.

In geothermal systems, heat acquired from water circulating in rock fractures deep in the Earth’s crust is extracted for conversion to electricity. Conventional geothermal technology is possible only in locations with particular geological characteristics, either near active volcanic centers or in places with a very high temperature gradient, such as much of Nevada and parts of the western United States. These locations have the three components essential to extracting geothermal energy—heat, fluid, and permeability, a measure of how easily fluid can circulate through the rock’s fractures, picking up heat as it moves.

With EGS, a fracture network can be enhanced or engineered, thus bypassing the geographic limitations of conventional geothermal energy. EGS could eventually provide more than 100 gigawatts (GW) of economically viable electric generating capacity in the continental United States, a huge increase over the current geothermal capacity of 3.5 GW.

“Although geothermal energy production is already used effectively, there is a lot we need to learn about how to create and develop an EGS reservoir,” Kneafsey said. “This project will seek to understand the relationship between permeability creation and heat extraction in crystalline rocks under certain stress and temperature conditions.”

Dubbed EGS Collab, the project has been awarded $9 million for the first year by DOE’s Geothermal Technologies Office. Other national labs partnering in the project include Sandia, Lawrence Livermore, Idaho, Los Alamos, Pacific Northwest, Oak Ridge, and the National Renewable Energy Laboratory.

Douglas Blankenship, manager of geothermal research at Sandia National Laboratories, is the co-lead with Kneafsey. Additionally, professors from Stanford University, the University of Wisconsin, the South Dakota School of Mines and Technology, the Colorado School of Mines, Penn State University, and the University of Oklahoma will also contribute.

http://newscenter.lbl.gov/2017/07/20/berkeley-lab-lead-multimillion-dollar-geothermal-energy-project/

 

Rep. Gosar Public Lands Renewable Energy Bill Passes the House Committee on Natural Resources by a Bipartisan Unanimous Consent

WASHINGTON, D.C. – U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04), Chairman of the Congressional Western Caucus and the Natural Resources Subcommittee on Energy and Mineral Resources, released the following statement after two of his energy bills, the Public Land Renewable Energy Development Act (H.R. 825) and the Western Area Power Administration Transparency Act (H.R.2371), passed the House Committee on Natural Resources by a bipartisan vote of unanimous consent.

“I am an ardent supporter of a true all-of-the-above energy policy. The Public Land Renewable Energy Development Act (PLREDA) underscores my commitment to making this a reality. My bill is a bipartisan reform that promotes the smart development of renewable energy by eliminating unnecessary red tape to create a streamlined process that will, in turn, drive investment toward high quality renewable resources,” stated Chairman Paul Gosar. “The revenue sharing mechanism in this bill will help local governments deliver critical services on important projects such as road maintenance, public safety and law enforcement.”

“The Public Lands Renewable Energy Development Act offers an innovative approach to advance renewable development while supporting fish and wildlife conservation on our vital public lands, said Steve Moyer, VP of Government Affairs for Trout Unlimited. “It creates a win-win scenario in which states and counties, American energy consumers, and the public lands, all benefit. We thank Representative Gosar for his steadfast leadership on the bill, and we applaud the strong bipartisan list of cosponsors for the bill,” said Moyer.

A Committee staff memo on H.R. 825 explained its approach to streamlined permitting.  It said:

H.R. 825 Expedites the Permitting Process and Ensures a Fair Return to States

“The purposes of H.R. 825 are two-fold: first, to provide certainty to the right-of-way process currently faced by renewable developers on federal land; and second, to establish a fair revenue structure that benefits the states and counties affected by renewable development.

“H.R. 825 achieves certainty for developers by limiting the environmental review required by NEPA through the use of programmatic environmental impact statements (PEIS), which exist for each type of renewable generation. This bill would require the Department of the Interior to review and modify each PEIS, and grant interested developers the ability to rely on the respective PEIS. As such, developers would not need to initiate environmental review for projects that would be covered by such PEIS.

“H.R. 825 also imposes a new revenue structure to ensure a fair return to the States and counties affected by renewable energy development. Bonus bids, rentals, fees, or other payments returned to the treasury under a right-of-way, permit or lease will be disbursed in the following manner: 25% to the affected state, 25% to the affected counties, 25% to the treasury, and 25% to a new Fund – the “Renewable Energy Resource Conservation Fund”, which the bill establishes to mitigate the impacts of renewable development.”

From: Majority Committee Staff Analysis, July 24, 2017

In addition to GEA, endorsements of H.R. 825 include: Western Governors’ Association, National Association of Counties, Congressional Sportsmen’s Foundation, American Fly Fishing Trade Association, American Sportfishing Association, Backcountry Hunters & Anglers, Dallas Safari Club, Mule Deer Foundation, National Marine Manufacturers Association, Northwest Sportfishing Industry Association, Trout Unlimited and countless other organizations.

Senator Dean Heller (R-NV) introduced S.282 as a Senate companion to this legation.

https://gosar.house.gov/press-release/two-gosar-bills-pass-house-committee-natural-resources-bipartisan-unanimous-consent

 

Senate Committee Votes to Support DOE Geothermal Funding

The full Senate Appropriations Committee voted to report its FY2018 Energy and Water Appropriations Bill, which includes funding for the DOE Geothermal research efforts and it gave geothermal a big boost.  Unlike the House, which cut geothermal substantially, the Committee bill funds geothermal at a level of $67.5 million.  The Committee Report directing DOE use of these funds says:

“GEOTHERMAL TECHNOLOGIES

The Committee recommends $67,500,000 for Geothermal Technologies. Within available funds, $43,000,000 shall be for Enhanced Geothermal Systems, $14,000,000 shall be for Hydrothermal, $8,000,000 for Low-Temperature and Coproduced Resources, and $2,500,000 for Systems Analysis.

To facilitate necessary technology development and expand understanding of subsurface dynamics, the Committee recommends $30,000,000 for the continuation of activities of the Frontier Observatory for Research in Geothermal Energy [FORGE], with activities to include ongoing novel subsurface characterization, fullscale well drilling, and technology research and development to accelerate the commercial pathway to large-scale enhanced geothermal systems power generation.

The Committee recognizes that enhanced geothermal systems are versatile, inherently modular, and scalable from residential utilization to district heating opportunities and large power parks that can provide base-load capacity. The Committee encourages the Department to support enhanced geothermal system applications for industrial and residential uses.

The Committee directs the Department to continue its efforts to identify prospective geothermal resources in areas with no obvious surface expressions.”

In their press release about the bill, Committee Democrats said: “The bill provides $1.937 billion for energy efficiency and renewable energy programs, $153 million below fiscal year 2017 and $1.3 billion more than the President’s request.  The bill prioritizes funding for advancing technology development for water and geothermal power generation; for increasing the energy efficiency of manufacturing processes and residential and commercial buildings; and for providing funds to lower the energy bills of low-income Americans.”

https://www.appropriations.senate.gov/

 

California SB 100 Continues Progress

SB 100, which would accelerate California’s 50% renewable portfolio standard by four years, from December 30, 2030 to December 31, 2026, add a 60% target by December 31, 2030 and set an aspirational goal of a 100% renewable portfolio standard by December 31, 2045,  moved forward after hearings July 12 and 13.  The bill was amended to remove language that appeared to erect a barrier to out-of-state renewable energy, which GEA and others opposed.

The CA Legislature is not on summer break and will return August 21.  When they return, legislators will have four weeks to complete their work on this and other measures before adjourning at midnight on September 15, 2017.

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB100

 

Bipartisan Support Extends California’s Cap-and-Trade Program

On July 17, California’s landmark cap-and-trade program was extended to 2030 thanks to bipartisan support from lawmakers and a “broad consensus” in the state toward addressing climate change. The five-year-old initiative, in which companies are offered economic incentives for reducing greenhouse gas emissions, was backed by both environmental advocacy organizations and business groups. Despite concerns from conservatives about higher gas taxes and activists who felt the regulations did not go far enough, the bill was passed with the supermajority Governor Jerry Brown (D) had desired to protect the program from legal challenges. Former Gov. Arnold Schwarzenegger (R) said the bill shows “free market policies to clean up our environment” can co-exist alongside the “fight for a booming economy.” Although many national Republicans opposed the program, Assembly Republican leader Chad Mayes remarked, “California Republicans are different than national Republicans. Many of us believe that climate change is real, and that it’s a responsibility we have to work to address it.”

Source: EESI.org

 

Lawrence Berkeley Lab Issues State RPS Report — 50% increase in US Renewable Generation by 2030

Berkeley Lab’s annual status report on U.S. renewables portfolio standards (RPS) provides an overview of key trends associated with U.S. state RPS policies. The report, published in slide-deck form, describes recent legislative revisions, key policy design features, compliance with interim targets, past and projected impacts on renewables development, and compliance costs.

The 2017 edition of the report presents historical data through year-end 2016 and projections through 2030. Key trends from this edition of the report include the following:

  • Evolution of state RPS programs: Significant RPS-related policy revisions since the start of 2016 include increased RPS targets in DC, MD, MI, NY, RI, and OR; requirements for new wind and solar projects and other major reforms to the RPS procurement process in IL; and a new offshore wind carve-out and solar procurement program in MA.
  • Historical impacts on renewables development: Roughly half of all growth in U.S. renewable electricity (RE) generation and capacity since 2000 is associated with state RPS requirements. Nationally, the role of RPS policies has diminished over time, representing 44% of all U.S. RE capacity additions in 2016. However, within particular regions, RPS policies continue to play a central role in supporting RE growth, constituting 70-90% of 2016 RE capacity additions in the West, Mid-Atlantic, and Northeast.
  • Future RPS demand and incremental needs: Meeting RPS demand growth will require roughly a 50% increase in U.S. RE generation by 2030, equating to 55 GW of new RE capacity. To meet future RPS demand, total U.S. RE generation will need to reach 13% of electricity sales by 2030 (compared to 10% today), though other drivers will also continue to influence RE growth.
  • RPS target achievement to-date: States have generally met their interim RPS targets in recent years, with only a few exceptions reflecting unique state-specific policy designs.
  • REC pricing trends: Prices for renewable energy certificates (RECs) used to meet general RPS obligations fell in most markets in 2016, as surplus RPS supplies emerged in many regions. Price trends for solar RECs were more varied, with a particularly pronounced drop in MD.
  • RPS compliance costs and cost caps: RPS compliance costs totaled $3.0 billion in 2015 (the most-recent year for which relatively complete data are available), which equates to 1.6% of average retail electricity bills in RPS states. Though total U.S. RPS compliance costs rose from 2014, future cost growth in most RPS states will be capped by cost containment mechanisms.

https://emp.lbl.gov/publications/us-renewables-portfolio-standards-0

 

Ormat Technologies, Inc. Implements Corporate Governance Changes in Connection With Closing of ORIX Transaction

Reno, Nevada, July 26, 2017 — Ormat Technologies, Inc. (NYSE: ORA) announced today that, in connection with the closing of the previously reported acquisition by ORIX Corporation of an approximately 22.1% ownership stake in Ormat from certain selling shareholders, Ormat has implemented certain corporate governance changes in accordance with the terms of the Governance Agreement entered into by Ormat and ORIX in connection with such acquisition by ORIX. Ormat also announced that the previously reported Commercial Cooperation Agreement entered into by Ormat and ORIX is now effective.

Pursuant to the Governance Agreement and Ormat’s Fourth Amended and Restated By-Laws, the number of directors serving on Ormat’s Board of Directors was increased from eight directors to nine directors. Acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors, the Board of Directors appointed Mr. Byron Wong as a director to fill the newly created directorship on the Board of Directors resulting from the increase in the size of the Board of Directors. The Board of Directors has determined that Mr. Wong is independent in accordance with the New York Stock Exchange listing standards and the rules and regulations of the Securities and Exchange Commission.

Ormat also announced today that each of Mr. Robert E. Joyal and Mr. Ami Boehm have resigned as directors of Ormat, and Mr. Gillon Beck has resigned as a director of Ormat and from his position as the Chairman of the Board of Directors. Mr. Joyal and Mr. Boehm have served as directors on Ormat’s Board of Directors since May 2012, and Mr. Beck has served as a director on Ormat’s Board of Directors since May 2012 and as the Chairman of Ormat’s Board of Directors from May 2012 to June 2014, and again since November 2015.

“We would like to thank Gillon Beck for his leadership over the past five years. Gillon has had a significant role in establishing a strong and cohesive Board that oversaw the company’s efforts to enhance efficiencies as part of its long-term growth strategy. We would also like to thank Ami Boehm and Robert E. Joyal for their dedication and significant contributions during their tenure as Directors on the Board.” said Isaac Angel, Ormat’s CEO.

Acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors, the Board of Directors appointed Mr. Yuichi Nishigori, Mr. Stan Koyanagi and Mr. Todd Freeland to the Board of Directors to fill the vacancies on the Board of Directors resulting from the resignation of Mr. Joyal, Mr. Boehm and Mr. Beck, respectively. Mr. Freeland has also been appointed as the new Chairman of the Board of Directors. The director resignations and appointments occurred pursuant to the Governance Agreement and Ormat’s Fourth Amended and Restated By-Laws in connection with, and subject to, the closing of the acquisition by ORIX of its ownership stake in Ormat and the transactions contemplated by the related agreements entered into by Ormat and ORIX, including the Governance Agreement.

Mr. Byron Wong has been involved as a private energy consultant following his retirement from Chevron Corporation at the end of 2012 after more than 31 years with Chevron, its affiliates and predecessor companies. While at Chevron, Mr. Wong was Senior Vice President – Commercial Development (Asia) for Chevron Global Power Company, managing a team of professionals in identifying and developing opportunities for independent power projects to monetize Chevron’s gas in-region, and also participating as a member of a decision review board for overseeing Chevron’s geothermal development opportunities in Indonesia and the Philippines. Mr. Wong also sat on the board of three joint venture companies in Singapore, Thailand and South Korea. Prior to the merger with Chevron, Mr. Wong established and staffed the initial Asian office location for Texaco Power and Gasification in Singapore in 1999. Before moving to Singapore, Mr. Wong was based in London with Texaco Europe, first as the Director of New Business Development (Downstream) for Central/Eastern Europe and Former Soviet Union, with primary responsibility for developing Texaco’s downstream entry into this region; then second, as Vice President of Upstream Corporate Development for Europe, Eurasia, Middle East and North Africa, focusing on opportunities for upstream oil and gas mergers, divestments and acquisitions. Mr. Wong received his MBA in Finance from the University of California at Los Angeles in 1977, and his BA in Economics from the University of California at Los Angeles in 1974.

Mr. Yuichi Nishigori has a wealth of experience and advanced knowledge relating to diversified business activities through his business execution experience in the field of project development and investment. He currently serves as Head of Energy and Eco Services Business Headquarters of ORIX Corporation and has been appointed as a member of the Board of Directors of ORIX since 2015. In addition, he also serves on the board of directors of Ubiteq, Inc. (traded on the Tokyo Stock Exchange) and other non-public companies in multiple countries. Prior to joining ORIX in 2003, Mr. Nishigori began his investment and finance career at The Industrial Bank of Japan, Limited (presently Mizuho Bank) in 1980 and engaged in structured finance and various other corporate finance business in Asia and the U.S. Mr. Nishigori has a Bachelor’s Degree of Law from University of Tokyo (1980) and a Master’s Degree of Law from Boalt Hall School of Law, University of California, Berkeley (1983).

Mr. Stan H. Koyanagi has represented public and private companies as a California-licensed lawyer for over 30 years, advising on corporate transactional, regulatory, compliance and governance matters. He started his legal career in private practice in 1985 and became a partner at the international law firm of Graham & James LLP (now Squire Patton Boggs LLP) in 1993 before serving in senior legal positions at ORIX USA Corporation, the US holding company of ORIX Corporation, and KB HOME, an NYSE-listed homebuilder. He was appointed to the Board of Directors of ORIX Corporation and promoted to the position of Corporate Senior Vice President and Global General Counsel of ORIX Corporation in June 2017. Mr. Koyanagi received a Bachelor of Science degree from the University of Southern California in 1982 and a Juris Doctor degree from Stanford University in 1985.

Mr. Todd C. Freeland has over 30 years of experience leading a diverse range of businesses and investments in over 50 countries across the Americas, Europe, the Middle East and Asia, in industries that include energy, infrastructure, financial services, communications, media, and technology. He currently serves as Co-Head of Energy and Eco Services Business Headquarters at ORIX Corporation, where he is helping to lead the firm’s global expansion into sectors including renewable energy, resource and waste management, and other energy supply, conservation and storage activities. Prior to joining ORIX, Mr. Freeland served as the Director General of Private Sector Operations at the Asian Development Bank, where he was responsible for leading ADB’s banking and investment activities throughout Asia, deploying over $2 billion of capital annually in companies and transactions that promote environmentally sustainable and inclusive economic growth. Prior to the Asian Development Bank, Mr. Freeland was a senior executive at several leading financial services firms, including BMO Financial Group and Goldman Sachs & Co. A U.S. national, Mr. Freeland holds a Master’s degree in International Finance and Marketing from the Kellogg Graduate School of Management, Northwestern University, where he was an Austin Scholar. He received his Bachelor’s degree with Distinction in Economics from the University of North Carolina.

“We are very pleased to welcome Mr. Freeland, Mr. Wong, Mr. Koyanagi and Mr. Nishigori to Ormat’s Board. The new members of the Board bring with them a set of skills and a range of experiences to support Ormat in executing its strategy as well as in seizing new opportunities. With the new Directors and existing Board members working closely with Ormat’s excellent management team, I am confident that Ormat will continue to succeed in achieving its business goals. I would also like to thank all of Ormat’s employees, and especially the management team led by Isaac Angel, the CEO, for their relentless dedication and commitment to excellence; I have been honored to work with all of the employees and management for the past years and strongly believe that the Company will continue its growth together with ORIX as a strategic investor.” commented Gillon Beck, Ormat’s outgoing Chairman.

http://www.ormat.com/news/latest-items/ormat-technologies-inc-implements-corporate-governance-changes-connection-closing-

 

TNG completes their 400th GWERT Job

TNG completes their 400th GWERT Job after 19 years in business, operating in five countries, and countless man hours.  A successful GWERT (Geothermal Wellhead Equipment Repair Tool) job consists of the setting of a packer down hole which enables the TNG crew to safely repair surface casing, and/or replace wellheads and master valve assemblies.

The 400th GWERT Job set more than one milestone for TNG. The same job was the first of it’s kind in Japan.  TNG and GERD’s partnership has opened the doors to offer safe, cost-effective valve repair and replacement services in Japan.  Our first job in Japan (400th overall) set the stage for additional work in country in the near future.

http://tngenergyservices.com/news_post/tng-completes-400th-gwert-job/

 

Tanzania wins US$21.7 million from Climate Investment Funds to advance geothermal exploration and transform its energy sector

The Climate Investment Funds (CIF) has approved US $21.7 million for the United Republic of Tanzania to finance its Geothermal Energy Development Project.

The project serves as a significant step in advancing the country’s plans to transform its national economy bolstered by an affordable and baseload sustainable energy technology. It will develop the Ngozi geothermal steam field in southwestern Tanzania and ultimately showcase the technology’s broader potential in the country’s energy transformation.

The project is funded under the CIF’s Scaling-up Renewable Energy Program (SREP) and will receive US $ 5 million as loan and US$16.73 million in grant resources to be implemented by AfDB.

Tanzania has made significant economic and social progress over the past 20 years and is today one of Sub-Saharan Africa’s best economic performers. However, the country still wrestles with poverty and an under-developed energy sector, with half of its electricity being generated by fossil-based technologies and half from hydro.

The country has committed to transforming its energy sector through a more diversified mix of technologies tapping into its renewable resources. Geothermal energy is particularly a promising technology for the country, which has around 15 geothermal sites with an untapped estimated potential of 650 megawatts (MW). A sixth of this potential can be developed in the Ngozi site.

“Today, we are assisting in the first step in the transformation of Tanzania’s energy sector, a transformation that is being built on a sustainable energy source,” said Leandro Azevedo, AfDB’s Senior Climate Finance Officer and CIF Coordinator.

“Developing geothermal capacity in Tanzania is an essential part of that transformation and we hope that this project’s success will lead downstream to the installation of a 100 MW power plant and help create the conditions for the development of other geothermal sites in the country,” he added.

The project involves conducting exploratory test drilling and installing the required steam gathering infrastructure in the Ngozi geothermal site. This SREP highly concessional finance will be instrumental in mitigating the high-risk nature of geothermal prospection and field development. Ultimately, the project is also expected to have transformational effects not only on Tanzania and its energy sector but also more broadly in the African Rift Valley Region.

Once fully operational, the project is expected to come with the following benefits to the country: improved power supply, increased energy security, increased public and private investment, and benefits to local households and businesses

The project’s 100 MW generation will be added to the country’s energy mix adding up to 823 GWh per year to the grid. Electricity from these fields will increase the country’s energy security and reduce its dependence on electricity imported from Uganda, Zambia and Kenya. In addition, a more diversified energy mix will strengthen the power sector’s resilience to future shocks. The project will also contribute downstream to capital mobilization from both public and private investors by creating an enabling environment for unlocking both public and private funds. The total contribution expected from private sector is estimated at US $300 million. Households and businesses will benefit from the supply of clean and reliable green energy, thereby creating urgently needed jobs.

About the Climate Investment Funds (CIF)

Established in 2008, as one of the largest fast-tracked climate financing instruments in the world, the US$ 8.3 billion CIF provides developing countries with grants, concessional loans, risk mitigation instruments, and equity that leverage significant financing from the private sector, Multilateral Development Banks and other sources. Five MDBs – the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and World Bank Group – act as implementing entities of CIF-funded projects and programs.

https://www.afdb.org/en/news-and-events/tanzania-wins-us-21-7-million-from-climate-investment-funds-to-advance-geothermal-exploration-and-transform-its-energy-sector-17202/

 

Headlines

 

A Solution to Our Clean Energy Problem May Lie Right Beneath Our Feet

http://time.com/4844086/geothermal-energy-iceland-deep-drilling-project/

 

Indonesia to Auction Off Geothermal Projects Worth $1b

http://jakartaglobe.id/economy/indonesia-to-auction-off-geothermal-power-projects-worth-1b/

 

Geothermal power station at United Downs raises £1m through Abundance crowdfunder

http://www.cornwalllive.com/geothermal-power-station-at-united-downs-raises-1m-through-abundance-crowdfunder/story-30453770-detail/story.html

 

Geothermal Energy Usage Will Soar 70% In The Next four Years

http://www.valuewalk.com/2017/07/geothermal-energy/

 

WATCH: The infinite possibilities of geothermal energy in the Philippines

http://www.philstar.com/31st-star-anniversary/inspiring-stories/1722023/watch-infinite-possibilities-geothermal-energy

 

Jereh Group to help build geothermal power plant extension in Kenya

https://www.renewableenergymagazine.com/geothermal/jereh-group-to-help-build-geothermal-power-20170731

 

GEO trail gives walkers an energy boost

http://www.heraldandnews.com/news/local_news/geo-trail-gives-walkers-an-energy-boost/article_d8b8ae34-20f0-592a-aa0e-2765fe2882b5.html

 

Tanzania is set to develop Ngozi geothermal steam field

https://www.esi-africa.com/news/tanzania-ngozi-geothermal-steam-field/

 

Rwanda turns to Kenya again for geothermal skills

http://www.businessdailyafrica.com/economy/Rwanda-turns-Kenya-again-geothermal-skills/3946234-4012462-format-xhtml-cfidxz/index.html

 

AC Energy, UPC Renewables ink deal for Indonesia project

http://www.businessmirror.com.ph/ac-energy-upc-renewables-ink-deal-for-indonesia-project/

GEOEXPO+, Membership with GEA, Bipartisan Natural Resources bill, DOE, and more

GEA Update Notes:

Ø  Geothermal EXPO+ Oct 1-4 in Salt Lake City.  Registration Going Strong, Reserve Your Space Now.  More at: http://geothermalexpo.org/ or contact Kathy@geo-energy.org.

Ø  Your support of GEA through membership is vital.  Your company should be a Member!  More info at: http://geo-energy.org/membership.aspx or contact Kathy@geo-energy.org.

 

Leading Stories, Releases, Solicitations

  • Senators Murkowski and Cantwell Introduce Broad, Bipartisan Energy and Natural Resources Bill with Geothermal Sections
  • House Appropriations Committee Marks Up 2018 Funding for DOE
  • U.S. Geothermal Inc. Announces Successful Results From Three Wells Drilled at San Emidio II
  • Oncor to Join Warren Buffett’s Berkshire Hathaway Energy
  • U.S. Geothermal Inc. Announces Results of Annual Meeting of Shareholders
  • Geothermal Startup, Dandelion, Raises $2 Million Seed Round, Led by Collaborative Fund
  • Energy Department Announces up to $4 Million for Geothermal Deep Direct-Use Feasibility Studies
  • GeoTermico – a new early stage geothermal investment fund launched by Renewable Energy Partner London, UK
  • ARANZ Geo renews geothermal focus, launches Leapfrog Geothermal 3.3
  • AU mobilizes fund to boost Africa’s geothermal energy development
  • BLM Requests Input for Future Planning Efforts and Environmental Reviews
  • GTO and FE Announce Joint FY17 SubTER Lab Call Selections

 

Headlines

 

GEA Update Notes:

GEA’s  GEOEXPO+ is being held Oct 1-4, 2017 in Salt Lake City, UT.  Registration Going Strong, Reserve Your Space Now.  Co-held with the GRC Annual Meeting, the biggest geothermal event of the year, convenes roughly 1,200 top energy, finance, ministry, embassy, agency, technology, academic, and policy experts.  A great turnout is expected with invitations submitted to top leaders in Utah and the western states for it’s opening plenary session, more paper submissions for the technical sessions than have been seen in years, and the geothermal industry trade hall selling fast. More at: http://geothermalexpo.org/ or email Kathy@geo-energy.org.

The Geothermal Energy Association represents over 100 companies in the geothermal power industry.  That industry supports a workforce of almost 12,000 full-time jobs in the United States.  We run 104 operating plants in nine (9) states with a capacity of 3,700 Megawatts, at a replacement value of over $20 billion.  This is only a fraction of what’s possible with geothermal power. Your support of the geothermal industry through membership with its trade association is vital.  Become a GEA member today. With any questions or to apply for membership, please email Kathy@geo-energy.org.

Leading Stories, Releases, Solicitations

Senators Murkowski and Cantwell Introduce Broad, Bipartisan Energy and Natural Resources Bill with Geothermal Sections

U.S. Sens. Lisa Murkowski, R-Alaska, chairman of the Energy and Natural Resources Committee, and Maria Cantwell, D-Wash., the committee’s ranking member, this week introduced S. 1460, the Energy and Natural Resources Act of 2017 (ENRA). The bill is the successor to their broad, bipartisan legislation from the previous Congress and was placed directly on the Senate Calendar for expedited floor consideration.

Focused on a wide range of energy and natural resources opportunities and challenges, ENRA features eleven titles reflecting common ground on efficiency, infrastructure, supply, accountability, conservation, federal land management, National Park System management, sportsmen’s issues, water infrastructure, natural hazards, and Indian energy.

The new bill builds on recent technological breakthroughs to bring substantial benefits to American families and businesses while protecting the environment. Its provisions will save energy, expand supply, prioritize innovation, modernize and secure the electric grid, boost energy trade, protect sportsmen’s access, strengthen mineral security, bolster the energy workforce, reauthorize certain conservation programs, facilitate better management of federal lands, and minimize risks from natural hazards.

“It has now been a full decade since Congress has passed legislation to modernize and reform our nation’s energy and resource policies,” Murkowski said. “We came very close to achieving that goal last year, and have continued to work with our congressional colleagues and a wide range of stakeholders to write another strong bill. This stands not only as an opening for bipartisan accomplishment, but more importantly, as a significant opportunity to boost our economic growth, improve our infrastructure, enhance our security, and bolster our global competitiveness—results that we all support and should be working toward.”

“Our energy infrastructure is under attack and we need the tools to fix it right now,” Cantwell said. “Our bipartisan legislation will not only help modernize our energy infrastructure, but secure it from extreme weather, climate change, and serious cyber threats. I am looking forward to continuing to refine this legislation through robust debate and then sending it to the President’s desk.”

The new bill builds on the Energy Policy Modernization Act of 2015, which included priorities from 80 Senators and passed the Senate with 85 votes. That bill fell just short in a bicameral conference with the House of Representatives at the end of last year, but provided an excellent starting point for Murkowski and Cantwell’s bipartisan efforts in this Congress.

As introduced, the bill does include a geothermal section largely based on S.2012.  In outline form it includes:

PART II—GEOTHERMAL

SEC. 3011. GEOTHERMAL ENERGY.

(a)     SENSE OF CONGRESS REGARDING NATIONAL GOALS FOR PRODUCTION AND SITE IDENTIFICATION

(b)     FACILITATION OF COPRODUCTION OF GEOTHERMAL ENERGY ON OIL AND GAS LEASES

(c)     NONCOMPETITIVE LEASING OF ADJOINING AREAS FOR DEVELOPMENT OF GEOTHERMAL RESOURCES

(d)     REPORT TO CONGRESS

(e)     REAUTHORIZATION OF THE ADVANCED GEOTHERMAL ENERGY RESEARCH AND DEVELOPMENT ACT OF 2007

(f)      AUTHORIZATION OF APPROPRIATIONS

SEC. 3012. GEOTHERMAL EXPLORATION TEST PROJECTS

In a release Senator Murkowski pointed out how these provisions would benefit Alaska which said, “Geothermal Energy – Extends federal research efforts critical to the development of Alaska’s geothermal resources, which could benefit up to one-fourth of the communities in the state.”

https://www.energy.senate.gov/public/index.cfm/2017/6/senators-murkowski-and-cantwell-introduce

https://www.energy.senate.gov/public/index.cfm/2017/6/sen-murkowski-alaska-will-greatly-benefit-from

https://www.energy.senate.gov/public/index.cfm/bipartisan-energy-bill

 

House Appropriations Committee Marks Up 2018 Funding for DOE

 

Kicking off congressional action on FY 18 funding decisions, the full House Appropriations Committee marked up 2018 Energy and Water Appropriations which proposes a significant cut in DOE geothermal program.  The program was funded at $69 million in 2017, the budget request was for $12.5 million for 2018, and the House Bill as proposed approves $15 million.  (This does not include unexpended balances from prior years.)  The report has no language providing specific direction for DOE GTO but directs for all renewable efforts a move away from near term research to focus on long-term efforts.  Under Fossil Energy the report does add, “the Department is encouraged to examine the feasibility of utilizing geothermal energy from produced fluids for in-field energy requirements.”

 

In addition the bill directs EIS to provide a report on a Zero emissions energy credit.  It says:  “…the Energy Information Administration, shall provide to the Committees on Appropriations of both Houses of Congress not later than 180 days after the enactment of this Act an analysis evaluating the effects of a Zero Emissions Energy Credit that replaces existing renewable energy subsidies, once they phase out, with a graduated tax credit that is apportioned based on the total emissions profile, including both airborne and solid waste byproduct emissions, of energy production sources. This analysis shall include: (1) estimated effects on utility rates paid by consumers in both rate-regulated and competitive access jurisdictions; (2) estimated impacts on the cost of zero-emissions-based purchased power agreements employed by investor-owned, cooperatively-owned, and municipal utilities; (3) estimated reductions in effective rates on the per-kilowatt-hour customer cost of qualifying sources, compared to current per-kilowatt-hour customer cost of those sources; (4) estimated impact on the need for state-implemented zero emissions credits being used to support existing baseload power sources; (5) predicted effects on federal government expenditures and revenues; and (6) estimated effects in driving the adoption and improvement of lower or zero emissions energy production technologies.”

 

For more information on the mark-up go to: https://appropriations.house.gov/calendar/eventsingle.aspx?EventID=394963

 

U.S. Geothermal Inc. Announces Successful Results From Three Wells Drilled at San Emidio II

BOISE, Idaho, June 29, 2017 (GLOBE NEWSWIRE) — U.S. Geothermal Inc. (the “Company”) (NYSE MKT:HTM), a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, today announced that it has successfully intersected high temperature resource in the three additional wells drilled in the Southwest Zone of the resource area at its San Emidio II development project.

Drilling began on June 1st, 2017 and the three wells were deepened based on their high thermal gradient and bottom hole temperature.  Well 78-20 was drilled to 2,387 feet deep, intersected the geothermal resource at 2,314 feet, and has a measured flowing temperature of 324°F.  Well 18-21 was drilled to 2,177 feet deep, intersected the geothermal resource at 1,874 feet, and has a measured flowing temperature of 325°F.  The third well (28-21) was drilled to 2,799 feet deep, intersected the geothermal resource at 1,900 feet, and though less permeable than the other two, has a measured flowing temperature of 321°F.  For comparison purposes, the wellfield at our San Emidio I project is currently producing at an average temperature of 278°F.  All wells were completed with a 6 ¼ inch bottom hole diameter and a 4 ½ inch perforated casing liner.

The three newly completed wells extend the proven portion of the Southwest Zone approximately 1,000 feet further south and are expected to increase the P90 (90% probability) reservoir estimate of 18.7 net megawatts, announced in January, toward the 47 net megawatt P50 (50% probability) level.  This increased capacity is in addition to the 10 megawatts being produced by the San Emidio I plant from the Northwestern reservoir area.

A long-term flow test is in the planning stages. This test will provide more detailed information about the reservoir, so that an updated reservoir model can be developed to determine the maximum level of generation.  In addition, a Large Generator Interconnection agreement for 45 megawatts was filed with NV Energy on June 26th for the San Emidio II project.

“We are very pleased to report the excellent drilling results at our San Emidio II project, that have exceeded our expectations in terms of temperature and generation potential,” said Dennis Gilles, Chief Executive Officer.  “Having the ability to add a larger power plant to our San Emidio complex will help reduce capital and operating costs, and give us a very cost competitive project.  Additionally, it will allow us to deploy the previously acquired power plants, whose acquisition we had announced in early 2016.”

http://www.usgeothermal.com/releasedetail.cfm?ReleaseID=1031786

 

Oncor to Join Warren Buffett’s Berkshire Hathaway Energy

DALLAS, Texas, and DES MOINES, Iowa – July 7, 2017 – Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced today it has executed a definitive merger agreement with Energy Future Holdings Corp. (EFH). Berkshire Hathaway Energy will acquire reorganized EFH, which will ultimately result in the acquisition of Oncor, an energy delivery company serving approximately 10 million Texans.

Berkshire Hathaway Inc. already has a significant presence in Texas with multiple headquarters in the state, including BNSF Railway Company; Acme Brick Company; Justin Brands, Inc.; McLane Company, Inc.; Berkshire Hathaway Automotive; Star Furniture Company; TTI, Inc.; Charter Brokerage; LiquidPower Specialty Products Inc.; and Allie Beth Allman & Associates.

“Oncor is an excellent fit for Berkshire Hathaway, and we are pleased to make another long-term investment in Texas – when we invest in Texas, we invest big!” said Warren Buffett, chairman of Berkshire Hathaway. “Oncor is a great company with similar values and outstanding assets.”

The all-cash consideration for reorganized EFH is $9 billion implying an equity value of approximately $11.25 billion for 100% of Oncor and is subject to closing conditions, including the receipt of required state, federal and bankruptcy court approvals. The transaction is currently expected to be completed in the fourth quarter of 2017.

Greg Abel, Berkshire Hathaway Energy chairman, president and CEO, said, “This partnership combines the strengths of two companies that share a common goal of providing exceptional customer service and a commitment to invest in critical infrastructure that will make the Texas energy grid even stronger and more reliable.”

“By joining forces with Berkshire Hathaway Energy, we will gain access to additional operational and financial resources as we continue to position Oncor to support the evolving energy needs of our state,” said Bob Shapard, CEO of Oncor. “Being part of Berkshire Hathaway Energy is a great outcome for Oncor. Oncor will remain a locally managed Texas company headquartered in Dallas, committed to the communities we serve, and our customers will continue to receive the safe and reliable service they have come to expect from our dedicated team of employees.”

Effective upon closing of the transaction, Bob Shapard will assume the role of executive chairman of the Oncor Board, and Allen Nye will assume the role of CEO of Oncor.

“We are excited to begin the regulatory approval process as this transaction has significant support across our key stakeholders,” Nye said. “The stakeholders are eager to obtain a great outcome for Texas.”

“We are pleased to be working with Texas and stakeholders to ensure Oncor continues to be a strong electric transmission and distribution company. Oncor is an exceptional company with great employees and an excellent management team,” said Abel.

http://www.businesswire.com/news/home/20170706006280/en/Oncor-Join-Warren-Buffett%E2%80%99s-Berkshire-Hathaway-Energy

 

U.S. Geothermal Inc. Announces Results of Annual Meeting of Shareholders

BOISE, Idaho, July 07, 2017 (GLOBE NEWSWIRE) — U.S. Geothermal Inc. (the “Company”) (NYSEMKT:HTM), today announced shareholder voting results for its 2017 Annual Meeting of Shareholders held on July 6, 2017.  Approximately 85 percent of all outstanding shares were present or represented by proxy at the meeting.

Shareholders approved the election of Douglas J. Glaspey, Ali G. Hedayat, Randolph J. Hill, Paul A. Larkin, Leland L. Mink, James C. Pappas, and John H. Walker to the board of directors for one-year terms until the next Annual Meeting.  The Board of Directors has reappointed John H. Walker to serve as Chairman of the Board of Directors.

On a non-binding and advisory basis, shareholders also approved future advisory votes on executive compensation to be every two years, and a resolution approving compensation of named executive officers.  In addition, the shareholders ratified the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for fiscal 2017.

http://www.usgeothermal.com/releasedetail.cfm?ReleaseID=1032455

 

Geothermal Startup, Dandelion, Raises $2 Million Seed Round, Led by Collaborative Fund

NEW YORK–(BUSINESS WIRE)–Today, home geothermal startup, Dandelion, announced it has raised a $2 million seed round to kick-off its sales and operations. The round was led by Collaborative Fund and includes ZhenFund and Borealis Ventures.

“There is a macro shift in the economy towards businesses that can align the self interest with the broader interest”

After two years in X, Alphabet’s “moonshot factory”, Dandelion has set up as an independent company (outside of Alphabet) to be led by Kathy Hannun and James Quazi. While at X, Kathy, now CEO of Dandelion, led a team that investigated how to make geothermal systems more affordable and accessible to homeowners. James, who formerly founded a home improvement company that was sold to SolarCity, will lead Dandelion’s technology development.

In the U.S., buildings account for 39% of all carbon emissions, and the majority of these emissions come from heating and cooling. Dandelion’s solution will cost consumers around half of what geothermal installations have cost to date and be less expensive than fuel oil or propane heating.

Home geothermal systems harness thermal energy from below the earth’s surface to heat and cool homes and produce hot water. The system pumps heat away from the home into the earth during summer to keep the home cool, and pumps heat from the earth into the home in winter to keep the place warm.

Kathy Hannun, CEO of Dandelion, says, “We started this project because we realized millions of homeowners are using expensive, truck-delivered fuels because they don’t have access to better options today. We knew if installing a geothermal heat pump was a simpler and more affordable process, these homeowners would have access to a better product that’s also better for the climate.”

“There is a macro shift in the economy towards businesses that can align the self interest with the broader interest,” says Craig Shapiro, Founder and Managing Partner at Collaborative Fund. “Dandelion’s business model enables homeowners to make the sustainable choice the most economic choice, which is a powerful combo.”

Dandelion’s low-cost geothermal installations are available for zero down for qualifying homeowners, enabling many homeowners to begin saving on monthly heating and cooling expenses immediately by switching to geothermal. The system will provide homeowners with renewable heating, cooling, and hot water and include monitoring and a smart thermostat. Dandelion is now operational in the New York Hudson Valley and Capital Region.

https://www.businesswire.com/news/home/20170706005986/en

 

Energy Department Announces up to $4 Million for Geothermal Deep Direct-Use Feasibility Studies

The U.S. Department of Energy (DOE) announced today up to $4 million in funding for six geothermal Deep Direct-Use (DDU) research projects to conduct feasibility studies of large scale, low-temperature deep-well geothermal systems and cascaded surface technologies. These projects will extend the reach of geothermal energy into previously untapped regions of the country: the Appalachian Basin, the Illinois Basin, the Wassuk Range, the Columbia River Basalt Group, the Walker Lake Valley, and the Gulf Coast region of Texas.

DDU is an emerging technology that has been underutilized in the U.S., and if feasible, could deliver direct geothermal energy from lower temperature resources across the U.S. It is expected to use low-temperature, thermal resources in subsurface reservoirs in U.S. regions lacking conventional hydrothermal resources. DDU wells used to directly power buildings would be deeper than ground source heat pump boreholes and shallower than wells used for enhanced geothermal systems used for electricity generation.

At a large scale, DDU applications can potentially be used to replace conventional district heating and cooling systems in military installations, hospital complexes, office buildings, hotels, and other large energy end-uses. For the purpose of this funding opportunity announcement (FOA), large-scale is defined as a space conditioning area greater than 10,000 square feet or having an annual thermal energy demand equal to or greater than 125 million British Thermal Units (MMBTU). The goal is to significantly expand the reach of geothermal energy into geologically distinct parts of the country. Using relatively low-temperature, direct geothermal energy has the potential to diversify the nation’s energy supply and help meet environmental goals.

Research funded under this FOA will evaluate the feasibility of harvesting heat from geothermal brines and using it directly to heat (or cool) buildings, as well as for other beneficial thermal processes. Pairing low-to-medium temperature geothermal fluids with low-to-medium temperature end-uses instead of using higher temperature power generation or fuels with high BTU content to heat and cool various applications with lower energy requirements can result in significant energy conservation gains. Direct-use geothermal applications have the potential to provide cost-effective, renewable thermal energy in large portions of the U.S.

A U.S. Geological Survey assessment estimates that 46,000 Megawatt thermal (MWth) of total beneficial heat is available from geothermal resources below 90°Celsius (~195°Farenheit) in the U.S. DDU promotes large scale, commercially viable systems that optimize the value stream of lower temperature resources through a cascade of uses.

The research teams selected represent a range of partners who will share the cost of performing the feasibility analysis with DOE. The organizations receiving awards today include:

Cornell University: Ithaca, New York

National Renewable Energy Laboratory: Golden, Colorado

Portland State University: Portland, Oregon

Sandia National Laboratories: Albuquerque, New Mexico

University of Illinois: Champagne, Illinois

West Virginia University Energy Institute: Morgantown, West Virginia

The Office of Energy Efficiency and Renewable Energy (EERE) accelerates the research and development of energy efficiency and renewable energy technologies and market-based solutions that strengthen U.S. energy security, environmental quality, and economic vitality. Visit geothermal.energy.gov to learn more about EERE’s Geothermal Technologies Office, including funding opportunities and efforts to develop innovative technologies capable of locating, accessing, and developing geothermal resource

https://energy.gov/eere/articles/energy-department-announces-4-million-geothermal-deep-direct-use-feasibility-studies

 

GeoTermico – a new early stage geothermal investment fund launched by Renewable Energy Partner London, UK

GeoTermico is a new venture being launched by Renewable Energy Partner in partnership with a team of independent international geothermal experts from countries like Iceland, U.S., Turkey, New Zealand and Germany.

GeoTermico will invest between US$ 100-150 Million over 5 – 10 projects across the cycle of the fund at a rate of 2-3 projects per annum.

GeoTermico will enter geothermal projects, based on a phased approach, where initial exploration work has been conducted. It will take over and carry out all exploration and drilling activity based on the advice and experience of its team of experts. GeoTermico will require a clear exit strategy before entry. Exit will be based on required return and defined minimum proven resource.

Adel Baba-Aissa, Director of Renewable Energy Partner, said “We have been monitoring the geothermal sector worldwide for a while now and we feel that geothermal energy can compete with other renewable energy technologies especially since it is a highly reliable baseload source of power.

We are open for projects of all sizes in most major geothermal countries of the world. So we look forward to interested parties contacting us if they want to join the fund, work with us or bring new projects to our attention“.

For an opportunity to discuss this further with a member of our team please do not hesitate to get in touch with us.

Email: contact@rnepartner.com www.rnepartner.com/geotermico

Links: http://www.thinkgeoenergy.com/geotermico-a-new-early-stage-geothermal-investment-fund-being-introduced/

 

ARANZ Geo renews geothermal focus, launches Leapfrog Geothermal 3.3

CHRISTCHURCH, NZ – 30 June, 2017 – ARANZ Geo, developer of 3D geological modelling software Leapfrog®, has released Leapfrog Geothermal 3.3, packed with bespoke functionality for the geothermal industry, including time based visualisation of geophysical data and connectivity to Leapfrog’s model management platform, Leapfrog Central. The release represents a major development programme for Leapfrog Geothermal, and is the first of a number of specific updates to come in 2017.

Shaun Maloney, CEO of ARANZ Geo says, “We are committed to bringing the best integrated 3D geological modelling solution to the geothermal industry, helping ensure that valuable natural resources are managed efficiently and that the renewable energy they produce is maintained for future generations. In addition to the geothermal industry, ARANZ Geo contribute technology and solutions to enable earth, environmental and energy projects around the world.”

Leapfrog Geothermal is the only purpose built 3D geothermal modelling solution on the market and integrates with leading reservoir engineering and geophysical software.  The workflow-based solution uses implicit modelling to build surfaces directly from data while subsurface professionals use their skills and interpretation to guide the process.

Leapfrog Geothermal is rapidly becoming a software of choice for the geothermal industry and has experienced significant growth globally with licences sold in Australia, Iceland, East Africa, the USA and across Asia Pacific.

Maloney says, “The growth of Leapfrog Geothermal includes working with Non-Government Organisations (NGOs) to add value in developing countries. We’ve upskilled geothermal professionals across East Africa so they can use Leapfrog software on the increasing number of renewable energy operations.  We’re also working with a relief group in Saharan Africa to enable groundwater evaluations for siting new wells in refugee and aide camps in the area.”

The on-going development for Geothermal will be fronted by ARANZ Geo’s new global Business Development Manager, Jeremy O’Brien and Product Manager, Brennan Williams. Appointed in October 2016, O’Brien has previous experience working for electricity generator and retailer Mighty River Power and global energy service company Halliburton.  Williams has been with ARANZ Geo since 2013 and has held senior software engineering roles in the UK and New Zealand.

O’Brien says, “We’re focused on augmenting Leapfrog Geothermal to meet the needs of our growing user base and the latest release signals the first stage in a major development programme. ARANZ Geo has an expert Geothermal Energy team working on Leapfrog Geothermal’s progress, and we have plans to expand over the coming months too.”

http://www.mining.com/web/aranz-geo-renews-geothermal-focus-launches-leapfrog-geothermal-3-3/

 

AU mobilizes fund to boost Africa’s geothermal energy development

Source: Xinhua| 2017-07-02 21:18:17|Editor: Song Lifang

ADDIS ABABA, July 2 (Xinhua) — The African Union (AU) and partners have mobilized 150 million dollars for geothermal development in East African nations.

The figure was provided by Rashid Ali Abdallah, Principal Energy officer at the Department of Infrastructure and Energy of the AU at a press conference on Sunday at the sidelines of the ongoing 29th African Union Ordinary Summit from June 27-July 4 in Ethiopia’s capital Addis Ababa.

Djibouti, Ethiopia, Burundi, Rwanda and Kenya are the countries that are initially targeted with the funds from geothermal energy which is known for being a high financial risk in early exploration but very reliable energy source once built.

East Africa alone has up to 20,000 mega watts (MV) of geothermal potential, but Africa in total has 500 MW of installed geothermal energy capacity, with most concentrated in Kenya,” said Abdallah.

So far 87 million dollars of 150 million dollars fund for geothermal energy has been disbursed to the targeted nations, with the project aiming to help nations eventually be able to generate up to 2,000 MW of geothermal energy.

http://news.xinhuanet.com/english/2017-07/02/c_136411481.htm

 

BLM Requests Input for Future Planning Efforts and Environmental Reviews

Agency Committed to Working Closely with Government Partners and Communities

WASHINGTON – The Bureau of Land Management (BLM) today announced that it is requesting ideas and input on how the agency can make its land use planning procedures and environmental reviews timelier and less costly, as well as ensure its responsiveness to local needs.  This effort to improve the planning process comes after the President’s March 27 approval of House Joint Resolution 44, which nullified the BLM’s Planning 2.0 rule.

“The decisions made in land use plans and environmental reviews are fundamental to how public lands and resources are used for the benefit of all Americans,” said U.S. Secretary of the Interior Ryan Zinke. “The Trump Administration and the Department of the Interior are committed to working with state and local governments, communities, Indian tribes, and other stakeholders as true partners to determine the best ways to accomplish this, now and into the future.”

Acting BLM Director Michael Nedd said the agency is already working with state and local elected officials and groups, including the Western Governors’ Association and the National Association of Counties, to engage and gather input. “We are doing this because Secretary Zinke and President Trump both strongly believe that public engagement, especially at the local level, is a critical component of federal land management,” Nedd said. “We need and want input from our state and local partners as well as from the general public in this effort.”

All can submit ideas and provide input during a 21-day period beginning July 3, 2017 and ending July 24, 2017 at this online form: goo.gl/CYxqM5.  The BLM will incorporate information from this effort in a report to Secretary Zinke due later this year.

The BLM manages more than 10 percent of the nation’s land and 30 percent of the nation’s subsurface minerals.  Resource management plans (RMPs) provide a framework for land use authorization decisions on BLM-managed public lands, including those relating to subsurface Federal minerals.  Most such land use authorization decisions are preceded by review under the National Environmental Policy Act (NEPA).  Through the public NEPA process, the BLM analyzes the effects of proposed plans and land use authorization decisions and discloses them to the public.

Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time.  While you can ask the BLM in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so.

https://www.blm.gov/node/12842

 

GTO and FE Announce Joint FY17 SubTER Lab Call Selections

The U.S. Department of Energy’s (DOE) Geothermal Technologies Office (GTO) and the Office of Fossil Energy (FE) announced the selection of 5 projects to receive up to $15 million in funding to investigate wellbore integrity research subjects via a Lab Call announcement. This funding opportunity will address two topic areas: 1) Wellbore Diagnostics and Integrity assessment in legacy wells, and 2) Sensors and Tools for Autonomous Completions and Long Term Monitoring of Wellbore Integrity.

The Lab Call is part of a larger effort to address technical challenges associated with operating in the subsurface. In response, DOE has established an integrated technology team that encompasses DOE offices involved in subsurface activities that are aligned with energy production/extraction, subsurface storage of energy and carbon dioxide, subsurface waste disposal and environmental remediation, as well as analysis associated with the subsurface.

GTO and FE partnered in response to a report published by FE in October 2016 titled, Ensuring Safe and Reliable Underground Natural Gas Storage. The report states that to lower the risk for wellbore failure, operators should prioritize integrity tests that provide hard data on well performance through monitoring, logging, and mechanical integrity testing. Well Integrity testing should also use multiple methodologies and not rely on a single diagnostics, and use continuous real time monitoring.

The selected awardees include: Sandia National Laboratories National Energy and Technology Laboratory Los Alamos National Laboratory Lawrence Berkeley National Laboratory

http://www.einnews.com/pr_news/391516618/gto-and-fe-announce-joint-fy17-subter-lab-call-selections

 

Headlines

 

AU and New Zealand sign partner to provide geothermal energy

https://www.newsghana.com.gh/au-and-new-zealand-sign-partner-to-provide-geothermal-energy/

Hungary opens tender for geothermal concession in the Southeast of the country

http://www.thinkgeoenergy.com/hungary-opens-tender-for-geothermal-concession-in-the-southeast-of-the-country/

Construction contract signed for Croatia’s first geothermal plant

http://www.thinkgeoenergy.com/construction-contract-signed-for-croatias-first-geothermal-plant/

Four Green Technologies Growing Fast Enough To Achieve Zero-Emissions World, IEA Says

https://www.forbes.com/sites/jeffmcmahon/2017/07/02/solar-and-wind-growth-on-track-for-a-zero-emissions-world-international-energy-agency-says/#2f81f9907779

GDC starts exploration works for Baringo-Silali geothermal project

http://www.thinkgeoenergy.com/gdc-starts-exploration-works-for-baringo-silali-geothermal-project/

Cost of power to fall as Kenya begins to use high-capacity transmission line

http://www.the-star.co.ke/news/2017/07/04/cost-of-power-to-fall-as-kenya-begins-to-use-high-capacity_c1590148

Geothermal power line to be commissioned in Mombasa

https://www.standardmedia.co.ke/business/article/2001246075/geothermal-power-line-to-be-commissioned-in-mombasa

KenGen and GDC looking at geothermal expansion beyond Olkaria and Menengai

http://www.thinkgeoenergy.com/kengen-and-gdc-looking-at-geothermal-expansion-beyond-olkaria-and-menengai/

Japan’s Megabanks Vie for Top Role as Backers of Clean Energy

https://www.bloomberg.com/news/articles/2017-06-29/japan-s-megabanks-vie-for-top-role-as-backers-of-clean-energy

KenGen applies for further geothermal exploration licence

https://www.esi-africa.com/news/kengen-applies-geothermal-exploration-licence/

EO cuts red tape in issuance of permits for power projects

http://www.businessmirror.com.ph/eo-cuts-red-tape-in-issuance-of-permits-for-power-projects/

The Philippines is aiming for an energy boom with Duterte’s latest reform

http://www.cnbc.com/2017/07/12/the-philippines-is-aiming-for-an-energy-boom-with-dutertes-latest-reform.html

Training on Advanced Remote Sensing for Geothermal Exploration

https://www.geocap.nl/index.php/news/148-training-on-advanced-remote-sensing-for-geothermal-exploration

Workshop to be held on deepening Newberry well in Oregon to reach over 450 °C

http://www.thinkgeoenergy.com/workshop-to-held-on-deepening-newberry-well-in-oregon-to-reach-over-450-c/

-end–

 

Bipartisan Leg for Renewable Technologies, National Renewable Groups Urge More Support for Renewables, and more

Leading Stories, Releases, Solicitations

  • Carper, Heller Introduce Bipartisan Legislation to Bolster Investment in Renewable Energy Technology [S.1409]
  • National Renewable Energy Groups Urge Support for Department of Energy Programs Facing Severe Proposed Cuts in Fiscal Year 2018 Budget
  • Interior Announces Regulatory Reform Initiative to Make Government Work for America
  • USTDA Creates Opportunities for U.S. Energy Industry in Zambia
  • U.S. Renewable Energy Groups Share a Vision of the 21st Century Power Grid
  • Polaris Infrastructure Provides Drilling Program Update
  • Gov Sandoval Vetoes RPS Increase in Nevada
  • US BLM ready with enviro assessment for Nevada geothermal auction

 

Headlines

 

Leading Stories, Releases, Solicitations

 

Carper, Heller Introduce Bipartisan Legislation to Bolster Investment in Renewable Energy Technology [S.1409]

WASHINGTON – U.S. Senators Tom Carper (D-Del), top Democrat on the Environment and Public Works Committee, and Dean Heller (R-Nev.), chairman of the Senate Finance Subcommittee on Energy, Natural Resources and Infrastructure, introduced bipartisan legislation to encourage growth in the renewable energy sector – a key element of an all-of-the-above energy policy that would create hundreds of thousands of good-paying American jobs. The Technologies for Energy Jobs and Security Act of 2017 would temporarily extend clean energy investment tax credits that were unintentionally allowed to lapse after 2016.

“I’ve long said that if we want to encourage businesses to invest in growing our country’s clean energy sector, we have to make tax credits for those industries predictable and reliable,” said Senator Carper. “I am disappointed that credits for some of the most promising renewables technology were mistakenly eliminated, and that we still haven’t corrected this error despite support from both sides of the aisle. Senator Heller and I have joined together to introduce a bill that would do just that, and we hope our colleagues will support our effort.”

“If we want to continue to develop a robust and secure all-of-the-above energy policy, it’s critical that we level the playing field for renewable energies like geothermal,” said Senator Heller. “Our legislation will modify the tax code to do just that. As an outspoken champion for the renewable energy sector, I’ll continue to work to ensure that Nevada remains a national leader on solar, geothermal, and other innovative energy technologies.”

Energy companies around the country are developing and bringing to market new technologies that will make American power generation cleaner, more reliable and more secure. However, whether it’s expanding research or hiring more workers, these businesses need predictability in order to plan for the future. Many energy projects require years of development and design. This bill would provide the certainty they need to plan and advance their projects.

The Carper-Heller bill would reinstate a number of expired of tax credits that, due to a drafting error, were inadvertently excluded from December 2015 legislation that extended a number of other tax provisions. The Technologies for Energy Jobs and Security Act would retroactively extend, through 2021, investment tax credits for energy companies that develop and manufacture advanced energy technologies, as well as the accompanying credits for residential consumers to purchase and install these technologies.

Under this bipartisan bill, these credits would be available for advanced technologies including stationary fuel cells, geothermal power, combined heat and power facilities, and small wind turbines. The bill would also correct an older error in the tax code that unintentionally prohibits companies from claiming the investment credit for facilities that turn otherwise wasted heat into efficient power generation.

Ultimately, by giving businesses and consumers the certainty they need, the Carper-Heller bill will strengthen America’s energy security, help support job creation in a growing sector of the economy, and ensure our country becomes the global leader in global clean power generation.

https://www.carper.senate.gov/public/index.cfm/2017/6/carper-heller-introduce-bipartisan-legislation-to-bolster-investment-in-renewable-energy-technology

For more information on S.1409: https://www.congress.gov/bill/115th-congress/senate-bill/1409

 

National Renewable Energy Groups Urge Support for Department of Energy Programs Facing Severe Proposed Cuts in Fiscal Year 2018 Budget

WASHINGTON, June 13, 2017 – Five national business groups representing diverse renewable energy technologies, developers, financiers and Fortune 500 buyers released a letter today requesting that Congress fund programs that have helped support job creation, economic growth and our country’s dominant technological position in electric power and renewable energy research and development. The letter conveys support for energy programs at the Department of Energy (DOE)’s Office of Energy Efficiency and Renewable Energy (EERE), the National Renewable Energy Laboratory (NREL) and the Advanced Research Programs Agency – Energy (ARPA-E).

“The proposed cuts would seriously jeopardize America’s leadership position in cutting-edge research on clean energy technologies and harm the United States’ overall competitiveness in a rapidly growing global industry that presents a multi-trillion-dollar business opportunity,” said Gregory Wetstone, president and CEO of the American Council On Renewable Energy. “The work done by EERE, NRE, and ARPA-E fills a critical gap in research and development programs. These cuts would put our country at risk of falling behind other countries that are investing in this area, such as China.”

“Modern American wind turbines are among the most productive in the world thanks to research efforts housed in the DOE’s Office of EERE and National Labs, as well as manufacturing innovation,” said Tom Kiernan, AWEA CEO. “Our industry will invest $85 billion and create 8,000 manufacturing jobs in the U.S. by 2020. Maintaining these vital research programs at current levels will help America stay at the leading edge of innovation, accelerating investment and job creation into our nation’s future.”

“The dramatic funding reduction in geothermal research, from $71 million to $12 million, will have significant, negative impacts on technology development for the U.S. geothermal industry, dramatically reducing the ability to achieve the economic benefits of tapping the vast geothermal resource base of the United States,” said Karl Gawell, executive director of the Geothermal Energy Association. “Additionally, if the budget cuts are adopted then valuable benefits for the U.S. economy will be lost. For example, rather than developing domestic production of critical minerals from geothermal resource for high-tech applications, imports from China will continue.”

“Working closely with NREL, academia and industry, EERE is fostering innovation and accelerating the development of hydropower, pumped storage, marine energy and conduit technologies,” Linda Church Ciocci, executive director of the National Hydropower Association. “The proposed funding cuts would put the Energy Department’s waterpower research programs in jeopardy; stifling advancements such as new turbines and the deployment of wave and tidal technologies.”

“At a time when the United States must innovate in order to hold onto its competitive advantage, now is not the right time to stop funding key research and development programs,” said Abigail Ross Hopper, President and Chief Executive Officer of the Solar Energy Industries Association. “The SunShot initiative is one example of an Energy Department program that has helped bring American technologies straight to market, paying off on the government’s investment many times over.”

 

Interior Announces Regulatory Reform Initiative to Make Government Work for America

Interior seeks public comment on efforts to reduce regulatory burdens on American public

WASHINGTON – The Department of the Interior today announced an initiative to alleviate unnecessary regulatory burdens placed on the American people. This initiative implements the vision set out by President Trump in Executive Order (E.O.) 13777, “Enforcing the Regulatory Reform Agenda.”

A notice will be published in the Federal Register providing instructions for commenting through www.regulations.gov. Interior is seeking input from the public, and specifically from entities significantly affected by Federal regulations, on what Interior regulations may be appropriate for repeal, replacement, or modification because they:

  • Eliminate jobs, or inhibit job creation;
  • Are outdated, unnecessary, or ineffective;
  • Impose costs that exceed benefits;
  • Create a serious inconsistency or otherwise interfere with regulatory reform initiatives and policies;
  • Rely, in part or in whole, on data or methods that are not publicly available or insufficiently transparent to meet the standard for reproducibility; or
  • Derive from or implement E.O.s or other Presidential directives that have been subsequently rescinded or substantially modified.
  • Interior encourages all sectors of the public, including state, local, and tribal governments, small businesses, consumers, non-governmental organizations, and trade associations to provide input to improve Interior’s regulations.

This initiative is part of a government-wide initiative to alleviate unnecessary regulatory burdens on the American public. Interior’s regulations include those of the Bureau of Land Management, Bureau of Ocean Energy Management, Bureau of Safety and Environmental Enforcement, Bureau of Indian Affairs, Bureau of Indian Education, National Park Service, Office of Surface Mining, Reclamation and Enforcement, Bureau of Reclamation, U.S. Fish and Wildlife Service, and U.S. Geological Survey, and other agencies.

For more information on Interior’s regulatory reform efforts, please visit www.doi.gov/regulatory-reform/implement.

 

USTDA Creates Opportunities for U.S. Energy Industry in Zambia

Jun 13, 2017 By ialamo

Lusaka, Zambia – Today, the U.S. Trade and Development Agency signed a grant with Kalahari GeoEnergy Limited, a Zambian geothermal development company, for a feasibility study supporting the development of a 10-20 MW geothermal power plant.

Kalahari GeoEnergy selected California-based Geologica Geothermal Group to carry out the study, which will provide technical and environmental analyses needed to advance the project.  The plant, which is expected to be the first geothermal generation facility in Zambia, will add new renewable energy capacity to the Zambian grid and will expand access to reliable electricity.

“This grant is an endorsement of the work Kalahari GeoEnergy has conducted to date, and of the Bwengwa River geothermal resource, which we can now validate as a source of stable sustainable power,” said Peter Vivian-Neal, CEO of Kalahari GeoEnergy. “This type of power source is essential for economic development.”

“USTDA is excited to support this new project, which will expand access to reliable electricity in Zambia,” said Lida Fitts, USTDA’s Regional Director for Sub-Saharan Africa.  “This project represents an excellent opportunity for U.S. businesses to export technologies and services in support of Zambia’s infrastructure goals.”

U.S. Ambassador to Zambia, Eric Schultz, signed the grant on behalf of USTDA, at a ceremony at the U.S. Embassy in Lusaka, along with Peter Vivian-Neal, CEO of Kalahari GeoEnergy.

https://www.ustda.gov/news/press-releases/2017/ustda-creates-opportunities-us-energy-industry-zambia-1

 

U.S. Renewable Energy Groups Share a Vision of the 21st Century Power Grid

Leaders Call for Sustained Efforts to Build a Modern Grid Infrastructure that Takes Full Advantage of New and Existing Technologies for Increasing Grid Reliability and Efficiency

WASHINGTON, June 19, 2017 – Eight national business groups representing the diverse spectrum of renewable energy technologies (wind, solar, geothermal, biomass, hydro, biogas and waste-to-energy) today released a first-of-its-kind joint statement outlining a positive vision for the future of America’s power grid.

In “A Shared Vision of the 21st Century Grid,” the groups highlight mutual support for market structures that appropriately value new and existing technologies, tax policy continuity and parity for all renewable technologies, and the expansion and modernization of the electrical grid to support the proper operation and integration of clean power sources.

By embracing these standards, the U.S. can enjoy “economic savings, improved reliability, greater access to electric power, environmental improvement, and more diverse choices for consumers and producers of electric power.”

The statement was organized by the American Council on Renewable Energy (ACORE) in close partnership with the American Wind Energy Association (AWEA), American Biogas Council (ABC), Biomass Power Association (BPA), Energy Recovery Council (ERC), Geothermal Energy Association (GEA), National Hydropower Association (NHA) and Solar Energy Industries Association (SEIA).

http://www.acore.org/resources/press-releases/6253-u-s-renewable-energy-groups-share-a-vision-of-the-21st-century-power-grid

Polaris Infrastructure Provides Drilling Program Update

TORONTO, ON–(Marketwired – June 15, 2017) – Polaris Infrastructure Inc. (PIF.TO) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to provide the following update with respect to the 2017 San Jacinto drilling program.

Consistent with the stated objective of maximizing long-term production at the San Jacinto project, the Company’s wholly-owned subsidiary, Polaris Energy Nicaragua S.A. (“PENSA”), began drilling a new injection well, SJ 11-2, in late April, 2017. The well was completed in early June 2017, on-time and under budget, after successfully hitting the targeted zone of permeability. Accordingly, we anticipate that SJ 11-2 will accept a significant volume of geothermal fluids for reinjection, further increasing operating flexibility with respect to the long-term management of the San Jacinto reservoir. We anticipate SJ 11-2 being available for service in late July 2017, following completion of routine construction and fabrication activities.

Further, we are pleased to confirm that drilling of SJ 4-2, a new production well, is scheduled to commence on June 18, 2017. The objective with SJ 4-2 is to further increase average production towards the 72 MW (net) level supported by both the purchase price agreement as well as installed turbine capacity at the San Jacinto project. Target completion date for SJ 4-2 is early August, 2017. In addition, Polaris Infrastructure is assessing whether to drill a second production well, after SJ 4-2, and expects to come to a decision in the next few weeks.

“We are pleased to have successfully kicked off further drilling efforts at the San Jacinto project,” said Marc Murnaghan, Chief Executive Officer of Polaris Infrastructure. “Execution of the SJ 11-2 drilling program was excellent, achieving our objectives and coming in under budget. Our focus now shifts to drilling the next production well, SJ 4-2, while continuing to assess options for an additional new production well.”

http://polarisinfrastructure.com/wp-content/uploads/2017/05/Q1-2017-Dividend-Press-Release-2017-05-09.pdf

 

Gov Sandoval Vetoes RPS Increase in Nevada

Governor Sandoval vetoed Assembly Bill 206, which would have raised Nevada’s Renewable Portfolio Standard (RPS) from 25 percent by the year 2025 to 40 percent by 2030. In his statement on the decision he said:

“I am fully aware that increasing the RPS as proposed in this bill is very popular, and under different circumstances I would support the bill.  However, I have a responsibility to consider the approval of this bill with Nevada’s current and future energy costs, policy and ratepayers in mind.”

“Thus, although the increase in the RPS proposed at this time in AB 206 is one that I would otherwise suppor, the consequences of approving this bill must be considered through the lens of recent changes to Nevada energy policy and  those likely to be adopted in the near future.  These changes can only be characterized as massive shifts in energy policy that have already dramatically altered the energy landscape in Nevada.  They are occurring in real time, with energy policy evolving in real time.”

http://gov.nv.gov/

 

US BLM ready with enviro assessment for Nevada geothermal auction

Source: Bureau of Land Management.

The US Bureau of Land Management (BLM) has concluded the environmental assessment for two geothermal parcels in Mineral County, Nevada, ahead of a planned lease sale for the sites in October.

The proposed lease sale covers almost 2,800 acres (1,133ha) of public land south of the community of Hawthorne for the exploration and production of geothermal power, the BLM said on Wednesday. Separately, some 3,000 acres of land managed by the US Forest Service may also be included in the auction, if approved by the agency. The latter will conduct an independent study.

The environmental assessment will be available for public examination and comment by the end of June. The analysis covers the effects of leasing the geothermal areas to the human and natural environment, the BLM said.

The Department of the Interior’s office BLM also awaits public comments and information regarding historic properties in or in proximity to the two parcel areas.

https://renewablesnow.com/news/us-ready-with-enviro-assessment-for-nevada-geothermal-auction-571792/

 

Headlines

Star Energy plans up to 1,200 MW geothermal expansion by 2028

http://www.thinkgeoenergy.com/star-energy-plans-up-to-1200-mw-geothermal-expansion-by-2028/

Tender re-issued: Drilling of geothermal heat well, Cornwall, UK

http://www.thinkgeoenergy.com/tender-re-issued-drilling-of-geothermal-heat-well-cornwall-uk/

Hopes to see geothermal plant built by 2019 in Dominica, Caribbean

http://www.thinkgeoenergy.com/hopes-to-see-geothermal-plant-built-by-2019-in-dominica-caribbean/

Alaska Opts for Underground Energy

http://thefutureofthings.com/3593-alaska-opts-for-underground-energy/

PHINMA merges petrol, geothermal exploration units

http://business.mb.com.ph/2017/06/15/phinma-merges-petrol-geothermal-exploration-units/

Pertamina completes US$397 million geothermal units in Lampung

http://www.thejakartapost.com/news/2017/06/16/pertamina-completes-us397-million-geothermal-units-in-lampung.html

California grid operator agrees to study clean alternatives to Oxnard gas plant

http://www.latimes.com/business/la-fi-puente-gas-plant-20170616-story.html

Washington looks to build up its geothermal energy capacity

http://www.hydrogenfuelnews.com/washington-looks-to-build-up-its-geothermal-energy-capacity/8532252/

Costa Rica signs $240m loan with Japan for Borinquen I geothermal project

http://www.thinkgeoenergy.com/costa-rica-signs-240m-loan-with-japan-for-borinquen-i-geothermal-project/

EGS geothermal potential in the Great Britain estimated at 2,280 MW

http://www.thinkgeoenergy.com/egs-geothermal-potential-in-the-great-britain-estimated-at-2280-mw/

PLN launches construction on 20 MW Tulehu geothermal project in Central Maluku, Indonesia

http://www.thinkgeoenergy.com/pln-launches-construction-on-20-mw-tulehu-geothermal-project-in-central-maluku-indonesia/

Turkey has opened tender for 7 new geothermal license areas

http://www.thinkgeoenergy.com/turkey-has-opened-tender-for-7-new-geothermal-license-areas/

Birdsville geothermal plant to finally get major upgrade

http://reneweconomy.com.au/birdsville-geothermal-plant-finally-get-major-upgrade-30440/

Cluff Geothermal can move ahead on PPA for geothermal project in Ethiopia

http://www.thinkgeoenergy.com/cluff-geothermal-can-move-ahead-on-ppa-for-geothermal-project-in-ethiopia/

Drilling started for new geothermal power & heat project in Alsace, France

http://www.thinkgeoenergy.com/drilling-started-for-new-geothermal-power-heat-project-in-alsace-france/

BRIEF-Thai Luxe Enterprises to invest in geothermal power plant project in Japan

http://www.reuters.com/article/brief-thai-luxe-enterprises-to-invest-in-idUSFWN1JO0CM

USGS and Umatilla Indian Reservation working together to explore geothermal potential

http://www.thinkgeoenergy.com/usgs-and-umatilla-indian-reservation-working-together-to-explore-geothermal-potential/

5 Countries Considering Geothermal Power

https://edgylabs.com/2017/06/23/5-countries-considering-geothermal-power/

 

Geothermal Gearing up for SLC, NV Passes Leg to Increase RPS, New Geo for L.A., and more

Leading Stories, Releases, Solicitations

  • Geothermal Community Gearing Up For Salt Lake Events
  • Nevada Passes Legislation to Increase RPS to 40% – Geothermal, Wind and Solar Groups Join Together to Urge Nevada Governor to Sign Legislation
  • New Geothermal Project Helps Create Clean Energy Future for Los Angeles
  • Ormat Secures First Portfolio PPA for 150 MW of Geothermal Capacity with SCPPA
  • Turawell Kft signs Agreement with Erste Bank Hungary on Project Financing for the first Geothermal Power Plant in Hungary
  • Mexican Ministry of Energy awards three geothermal exploration permits: a key step forward for ENGIE and Reykjavik Geothermal
  • Rosgeologiya and Copelouzos Group agreed to jointly develop a geothermal project in nothern Greece
  • Trump Pulls U.S. Out of Paris Climate Accord:
  • Trump Calls for U.S. Exit from Paris Agreement; Alliance of Cities, States, and Industries Oppose Move
  • Geothermal Engineering Ltd launch Tender for micro-seismic monitoring system in Cornwall
  • GEMex Stakeholder Board – Call for interest
  • Financing for geothermal exploration of Turkey’s Dikili area
  • Senate Committee Advances Nominees for Interior, Energy, and FERC
  • EIA Issues Short-Term Energy Outlook

·         Geothermal technology takes a giant leap forward in Washington [State]

  • U.S. Geothermal Inc. to Present at the 2017 Marcum Microcap Conference
  • BLM completes Environmental Assessment for Mineral County Geothermal Lease Sale

 

Headlines

 

Leading Stories, Releases, Solicitations

 

Geothermal Community Gearing Up For Salt Lake Events

GEA is gearing up for its 2017 GEOEXPO+, which is less than 4 months away! The GEOEXPO+  (http://geothermalexpo.org/) co-held with the GRC Annual Meeting, (https://geothermal.org/) is being held October 1-4 in Salt Lake City, UT, and annually convenes roughly 1,200 top energy, finance, ministry, embassy, agency, technology, academic, and policy experts. Both organizations are expecting a great turnout for the event with invitations submitted to top leaders in Utah and the western states for it’s opening plenary session, more paper submissions for the technical sessions than have been seen in years, and the geothermal industry trade hall selling fast. Exhibit space (http://geothermalexpo.org/index.php/book-your-space/) is still available and GEA members (http://geo-energy.org/become_member.aspx) receive significant discounts to attend and exhibit. Sponsorship opportunities (http://geothermalexpo.org/index.php/sponsor/) are also available. With any questions about the upcoming event, please contact Kathy Kent Schott at Kathy@geo-energy.org.

 

Nevada Passes Legislation to Increase RPS to 40% – Geothermal, Wind and Solar Groups Join Together to Urge Nevada Governor to Sign Legislation

AWEA, SEIA and GEA’s leaders joined together in a letter urging Governor Sandoval “to support in increasing the state’s renewable portfolio standard (RPS) to 40 percent by 2030 as proposed in AB206.”

“We stress that your signature on raising the standard will affirm the state’s position as a national clean energy leader, and attract billions in new investment to the state – in addition to reliability and consumer savings benefits that flow from a diverse energy portfolio,” they said to the Governor.

The legislation would increase the state’s RPS requirement from 25% in 2025 to 40% by 2040.  According to Greentech Media, “Notable amendments include setting an interim target of 32 percent by 2030, identifying energy storage as a qualified technology to meet 10 percent of the renewable portfolio standard (RPS) by 2030, applying a multiplier of 1.5 to geothermal resources, applying a multiplier of 2.0 to energy storage resources…”

At time of publication press reports had the Governor still considering whether or not to sign the bill.

For more info: https://www.google.com/amp/s/www.greentechmedia.com/amp/article/nevada-senate-boosts-renewable-target-to-40-by-2030-overcoming-casino-oppo

 

New Geothermal Project Helps Create Clean Energy Future for Los Angeles

Project Provides Around-the-Clock Renewable Energy for 208,000 Homes; Reduces Greenhouse Gas Emissions Equivalent to Taking 135,000 Cars off the Road

LOS ANGELES — In another step toward creating a clean energy future for Los Angeles, the Los Angeles Department of Water and Power (LADWP) has entered a new 26-year power sales agreement for renewable geothermal power that will provide enough clean energy to serve 208,000 Los Angeles homes and avoid producing 701,000 metric tons of greenhouse gas emissions each year, which is roughly equivalent to removing 135,000 gas-fueled cars off the road.

Approved by the City Council May 16, 2017 and signed by Mayor Eric Garcetti May 19, 2017, the agreement with the Southern California Public Power Authority (SCPPA) will provide Los Angeles with about 150 megawatts (MW) of clean, around-the-clock renewable energy from the Northern Nevada Geothermal Portfolio Project, which will be developed by ONGP LLC, a subsidiary company of Ormat Technologies, Inc. based in Reno, Nevada.

“I promised Angelenos we would kick L.A.’s dependence on coal, and projects like this are exactly how we’ll do it,” said Mayor Eric Garcetti. “Washington may be burying its head in the sand — but by embracing geothermal energy and other renewables, we’re showing that cities can, and will, continue to lead the fight against climate change.”

“Unlike wind and solar, which only generate power when the wind is blowing or the sun is shining, a geothermal plant produces energy continuously, so we can rely on it for base-load renewable power, 24/7,” LADWP General Manager David Wright said. “This makes it an ideal renewable energy as part of our replacement of coal and other fossil fuel generation.”

Under the agreement, LADWP will receive the full output of geothermal energy from the facility over 26 years. The project will encompass a portfolio of geothermal facilities that will be brought on line over three development periods. The first facility is expected to provide 24 MW of power by December 31, 2017, and subsequent development will bring the remainder in commercial operation by December 31, 2022.

In addition to producing fossil free power, geothermal energy offers many desirable benefits. Because it can provide continuous energy generation, a geothermal plant is expected to produce power at 95 percent or more of its capacity year-round – a higher capacity than the wind or solar renewable energy resources. With its baseload predictability, geothermal energy also saves on transmission and other integration costs, as compared to variable renewables like wind and solar power.

LADWP has been steadily building a diverse renewable energy portfolio of wind, solar and base-load renewable power such as geothermal. LADWP has achieved an estimated 29 percent of its power sales from renewable energy so far in 2017, and anticipates supplying 38 percent renewable resources by 2020 and 55 percent by 2030. The geothermal energy purchased from the Northern Nevada Geothermal Portfolio Project will represent 5 percent of LADWP’s renewable energy goals.

“This agreement for geothermal power is key for LADWP to build a balanced renewable portfolio and help LADWP making the transition away from coal power while maintaining a reliable power supply for Los Angeles,” said Reiko Kerr, Senior Assistant General Manager – Power System Engineering, Planning, and Technical Services.

http://www.ladwpnews.com/go/doc/1475/2922762/

 

Ormat Secures First Portfolio PPA for 150 MW of Geothermal Capacity with SCPPA

PPA covers both New Projects and Re-contracting of Existing Power Plants

RENO, Nev. June 1, 2017 – Ormat Technologies, Inc. ( NYSE: ORA) today announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the Company, and Southern California Public Power Authority (SCPPA). Under the PPA, SCPPA will purchase 150MW of power generated by a portfolio of the Company’s new and existing geothermal power plants. SCPPA will resell the entire output to the Los Angeles Department of Water and Power (LADWP).

Energy deliveries under the portfolio PPA are expected to start in the fourth quarter of 2017 and the entire portfolio is expected to be on line by the end of 2022. The portfolio PPA contract capacity is 150 MW, with a minimum capacity of 135 MW and maximum potential capacity of 185 MW. The portfolio PPA is for a term of approximately 26 years, expiring in December 31, 2043 and has a fixed price of $75.50 per MWh.

The portfolio PPA covers nine primary facilities, including Tungsten Mountain, and Dixie Meadows, new projects currently under construction or development by the Company, as well as Steamboat Hills, Brady and Steamboat 2&3, existing geothermal power plants that will commence deliveries to SCPPA once their current PPAs terminate. The portfolio PPA also covers sixteen secondary facilities, including McGinness Hills Phase 3, that could be used to replace or supplement the primary facilities. The parties expect to execute the portfolio PPA in the coming weeks.

Isaac Angel, CEO of Ormat Technologies said, “We are very excited to receive the final approval for this first portfolio PPA, which has a unique structure supporting Ormat’s long-term plans to grow our geothermal business domestically. This PPA will enable both the development of multiple new projects as well as the sustainable operation of several of our existing geothermal power plants, thereby strengthening our ability to deliver long-term growth. We are delighted to be chosen for the sixth time by SCPPA and greatly appreciate their confidence in Ormat. SCPPA’s and LADWP’s commitment to a diversified portfolio of renewable energy with geothermal resources will guarantee long term reliable and cost-effective power for LADWP’s customers.”

“The Los Angeles Department of Water and Power is committed to supplying our customers with renewable energy, and this PPA adds baseload geothermal power to LA’s sustainable power portfolio,” Reiko Kerr, LADWP’s Senior Assistant General Manager of Power Systems said. “We are proud to partner with Ormat Technologies and SCPPA to further increase LADWP’s diverse renewable portfolio efforts.”

http://www.ormat.com/news/latest-items/ormat-secures-first-portfolio-ppa-150-mw-geothermal-capacity-scppa

 

Turawell Kft signs Agreement with Erste Bank Hungary on Project Financing for the first Geothermal Power Plant in Hungary

Budapest, Hungary, 08 May 2017 –  Turawell Kft a project company owned 51% by KS Orka Renewables Pte Ltd of Singapore (KS ORKA) and 49% by the Hungarian Entrepreneurs Mr Miszori Laszlo and Mr Szanto Laszlo, has signed an agreement with Erste Bank Hungary on a project financing for the its first Geothermal Power Plant in Hungary.

The Power Plant is a combined heat and power plant CHPP that produces 3 MW of clean electricity and 7 MWth of geothermal heat for house heating.  The energy is renewable clean energy with its origin in the geothermal heat from the ground and is built up in a sustainable way where the geothermal fluids are returned to the ground after utilizing the heat.

Eirikur Bragason, KS ORKA’s CEO, said, “KS Orka is prioritizing investments in geothermal power plants in Asia and in Europe and aims to build up further 400 MW of combined heat and power plants in Europe over the next three years.”

As Mr. Richard Szabados – Head of Corporate Division  – emphasized: “Erste Bank aims to support the growth of renewable energy investments in Hungary with its Energy Efficiency and Renewables Financing Programme (EERP). Main focuses of the Financing Programme are renewable energy (geothermal and solar) and energy efficiency investments.

KS Orka is a joint venture between Hugar Orka ehf, an Icelandic company and Zhejiang Kaishan Compressor Co., Ltd (Kaishan), which is listed on the Shenzhen stock exchange. KS Orka combines Hugar Orka’s geothermal and project development expertise with Kaishan’s power plant technology and manufacturing expertise to form Asia’s only vertically integrated geothermal and waste energy company.  KS Orka brings to the project some of the most experienced geothermal experts and power project developers in the world.

http://ksorka.com/first-geothermal-power-plant-hungary/

 

Mexican Ministry of Energy awards three geothermal exploration permits: a key step forward for ENGIE and Reykjavik Geothermal

Mexico’s Ministry of Energy (SENER) has issued three exploration permits to ENGIE, a global energy company, and Reykjavik Geothermal, an Icelandic geothermal development company. These permits authorise their holders to spend three years exploring geothermal resources located in three zones, each measuring 150 km2, in Sangangüey (in the state of Nayarit) and in Cerro Pinto and Las Derrumbadas (in the state of Puebla).

This major step forward in the development of geothermal energy in Mexico follows the signature of a cooperation agreement on December 7, 2015 between ENGIE, through its wholly owned subsidiary Storengy, and Reykjavik Geothermal, geared towards obtaining and jointly developing Mexico’s concessions and geothermal exploration permits.

Both efficient and economical, geothermal energy is a renewable, non-intermittent and eco-friendly source of energy that uses heat from deep underground for heating, power generation and even air-conditioning systems. It is the main activity of Reykjavik Geothermal and one of the components of the energy transition in which ENGIE intends to become a world leader. ENGIE is a leading producer and supplier in Europe of geothermal energy for the heating and cooling of residential or commercial facilities, using various geothermal sources.

The Mexican Energy Reform has effectively opened up the electricity market and is encouraging private investors to participate in power generation. With the greening of the energy mix, this reform opens the door to the development of the country’s abundant geothermal resources.

Accordingly, the Mexican Ministry of Energy (SENER), the Mexican Development Bank Nacional Financiera (NAFIN) and the Inter-American Development Bank (IDB) jointly backed the development of a programme designed to curb the risks of exploration. This has played a key role in attracting private developers and will be a key element in helping the various actors to overcome the barrier to exploration in the domain of geothermal development.

ENGIE, primarily through its subsidiary Storengy, and Reykjavik Geothermal are convinced that geothermal energy is destined to play a major role in Mexico’s energy mix. To make geothermal energy all the more competitive, these companies are working on a full reflection of the geothermal sustainable and baseload values in the pricing.

“We are very confident regarding the potential of those areas, in order to develop carbon-free projects, which are at the heart of our strategy” stated Cécile Prévieu, CEO of Storengy.

“With these three licenses granted, Reykjavik Geothermal reinforces its position in the Mexican geothermal market” underlined CEO of Reykjavik Geothermal Gudmundur Thoroddsson.

Efrain Villanueva Arcos, General Director of Clean Energies of SENER has stated: “Granting these exploration permits to a partnership between France and Iceland marks a major step in the implementation of the geothermal energy reform since they are the first 100% foreign capital companies to invest in the Mexican geothermal industry.”

Thanks to their complementary know-how, ENGIE, through its subsidiary Storengy, and Reykjavik Geothermal will jointly continue the exploration programme for each of the three awarded permits.

http://www.engie.com/en/journalists/press-releases/mexican-ministry-energy-geothermal-exploration-permits/

 

Rosgeologiya and Copelouzos Group agreed to jointly develop a geothermal project in nothern Greece

June 2, 2017- During the 2017 St. Petersburg International Economic Forum (“SPIEF”) Mr. Roman Panov, Managing Director – Chairman of the Board of JSC “Rosgeologiya” and Mr. Dimitris Copelouzos, Chairman and Managing Director of Copelouzos Group, signed an agreement to jointly develop a geothermal project in northern Greece.  The two parties agreed to establish a joint company for the implementation of this project.

This development is the outcome of the agreement that was executed between the parties during the SPIEF-2015 for exploring the possibility of implementing jointly projects relevant to the development of geothermal resources and the construction of geothermal power plants in Greece.

As a next step, the joint company will apply to the Greek Ministry of Environment & Energy to obtain a license for the implementation of the project.

This agreement was executed in the presence of the Minister for Natural Resources, Mr. Sergei Donskoi and the Minister of Transport Mr. Maksim Sokolov, of the Russian Federation.

http://www.copelouzos.gr/en/news/newsDetails?group=cpmNws%7Efrl=news02062017

 

Trump Pulls U.S. Out of Paris Climate Accord:

President Trump has announced that the U.S. will exit the Paris climate accord signed by 195 nations at the end of 2015 because it is a “bad deal for Americans” that “disadvantages the United States at the exclusive advantage of other countries.” That would initiate a lengthy Paris withdrawal process expected to take until at least November 2020 to finalize. Withdrawing flies in the face of the spirit of the landmark climate agreement and denies the basic physics of climate change. Trump resisted calls from world leaders, Fortune 500 companies, environmental groups, scientists, climate- and science-engaged civil society, and even voices within his administration urging him to stay in the agreement. As a result, the U.S. is now on track to be one of three nations not in the landmark accord. Those other countries are Syria, a failed state, and Nicaragua, which didn’t sign in protest because it felt the agreement wasn’t ambitious enough

Source: Sustainable Energy Coalition

http://www.utilitydive.com/news/trump-pulls-us-out-of-paris-climate-accord/444032

 

Trump Calls for U.S. Exit from Paris Agreement; Alliance of Cities, States, and Industries Oppose Move

On June 1, President Trump announced that his administration will move to fully withdraw the United States from the Paris Agreement. The decision set off a torrent of opposition, including the formation of a growing coalition consisting of three governors, 30 mayors, over 80 university presidents, and more than 100 businesses. The still-nameless group will negotiate directly with the United Nations (UN) and hopes to submit its own climate action plan. Former New York City Mayor Michael Bloomberg, who is coordinating the effort, stated, “We’re going to do everything America would have done if it had stayed committed.” Bloomberg added that the group could even surpass the original U.S. pledge to reduce its greenhouse gas emissions by 26 percent from 2005 levels by 2025. The U.S. is roughly halfway to meeting this goal, but the federal government was expected to play a prominent role in future reductions. There is currently no formal method for a non-country entity to sign on to the agreement, but the coalition’s efforts could be integrated into future UN progress reports. The governors of California, New York, and Washington (which make up a fifth of the U.S. economy) also announced they will be forming a coalition of states in support of the Paris Agreement’s goals. CEOs Elon Musk of Tesla and Robert Iger of Disney resigned from President Trump’s economic advisory council upon learning of his decision on Paris, underscoring the increasingly strained relationship between the White House and business leaders. American companies will still have to meet the stricter emission laws enforced in other countries if they hope to operate abroad and sell their products in international markets.

For more information see: https://www.nytimes.com/2017/06/01/climate/american-cities-climate-standards.html?_r=1

https://www.washingtonpost.com/news/energy-environment/wp/2017/06/01/these-titans-of-industry-just-broke-with-trumps-decision-to-exit-the-paris-accords/?utm_term=.524c87c154c8

Source: EESI.org

 

Geothermal Engineering Ltd launch Tender for micro-seismic monitoring system in Cornwall

To assist with the development of the United Downs Deep Geothermal project in Cornwall, Geothermal Engineering Ltd (GEL) has launched a Tender for a micro-seismic monitoring system. The work will include the design, installation, management and data interpretation of the system.

The project is co-financed by the European Regional Development Fund and will be the first geothermal power project in the UK. The site is located at United Mines, near Redruth in Cornwall. Two wells will be drilled into fractured granite; the deepest well will be approximately 4.5kms. The closing date for the Tender is the 23rd June, 2017.

For further information and a Tender pack please contact Ryan Law: ryan.law@geothermalengineering.co.uk

http://www.geothermalengineering.co.uk/news.php

 

GEMex Stakeholder Board – Call for interest

The EU founded projects GEMex – Cooperation in Geothermal energy research Europe-Mexico for development of Enhanced Geothermal Systems (EGS) and Superhot Geothermal Systems (SHGS) – has launched a call for interest inviting experts to be part of the GEMex Stakeholder Board.

The Stakeholders Board will serve as a platform for stakeholder consultation, preparing the basis for a continued cooperation with Mexico on geothermal development. The Stakeholder Board will received reports on project results and discuss them in dedicated meetings organised throughout the course of the project.

To submit your interest, please send an email to info@gemex-h2020.eu, before Friday 23rd June 2017/ > 17:00 CET time, including: Name, Company, Position, Email.

The call is open to experts operating in the geothermal sector in Europe and/or in Mexico.

http://www.gemex-h2020.eu/index.php/en/news/24-nf-stakeholder-board

 

Financing for geothermal exploration of Turkey’s Dikili area

First project under EBRD-CTF initiative supporting exploratory drilling investments

To tap Turkey’s significant geothermal energy potential, the EBRD has mobilised a €5 million loan from the Clean Technology Fund (CTF) for the early stage development of the Prosin-Dikili geothermal power plant near the coastal town of Dikili in the Izmir province of Turkey.

The financing marks the first transaction under a recently launched EBRD/CTF initiative to support exploratory drilling investments.

Geothermal energy projects face high risks particularly in their initial stages, including high investment costs and limited access to project finance once drilling has confirmed the resource.

The joint EBRD and CTF US$ 125 million initiative, named PLUTO after the ruler of the underworld in classic mythology, aims to provide finance and advice to private developers to help minimise these risks.

Under the programme, the private developer Prosin Enerji, a subsidiary of Guney Yıldızı Petroleum, has received financing to expand its exploration of the hitherto mostly unexplored Bergama-Dikili Graben and prepare the site for drilling.

The company has successfully concluded surface, geological and geophysical surveys. If the drilling is also successful, the EBRD is expected to support the development of an initial 10 to 20 MW geothermal power plant.

The EU is providing technical assistance through its Instrument for Pre-accession Assistance to support the developer in applying best practices throughout the exploration.

Nandita Parshad, EBRD Managing Director for Energy, said: “This is a major milestone in the EBRD’s support to the development of the geothermal sector in Turkey, following a private sector-driven approach. Historically early stage geothermal development and drilling needed to be supported – if not entirely driven – by governments and public institutions. This transaction represents the first time an international financial institution has tried to bridge the geothermal equity gap at the exploratory stage on a purely private sector basis. Three additional PLUTO projects at different stages of approval in other unexplored areas will follow.”

Prosin Enerji, owned by Ecvet Sayer and Guney Yıldızı Petroleum (GYP), focuses on investments in geothermal and solar power plants. The parent company, Guney Yıldızı Petroleum, has long been a leading Turkish private company in the oil and gas exploration and production sector in Turkey, along with a drilling rig contractorship, with more than 50 years of experience.

Ecvet Sayer, the founder of Prosin Enerji, commented: “Having been a rather active player in geothermal drilling in Turkey’s Aegean region since 2009, Guney Yıldızı Petroleum had decided to move one step further and to explore its own licences under Prosin Enerji as part of its plans to diversify investment portfolio. The EBRD’s PLUTO programme, the first of its kind in the geothermal resource development of Turkey, is greatly appreciated. We are looking forward to extending our collaboration with the EBRD into other clean energy projects.”

Supporting investment in renewable energy is part of the EBRD’s efforts to support sustainable energy in Turkey.

The country has pledged to develop 30 per cent of its total installed capacity from renewable sources by 2023. The objective is to add 34 GW of hydropower, 20 GW of wind energy, 5 GW of solar energy, 1 GW of biomass and 1 GW of geothermal.

As of May 2017, about 851 MW of geothermal capacity has been installed in the country – equivalent to 19 per cent of the country’s potential for geothermal power production, currently estimated at 4.5 GW. These resources are mostly concentrated in the Aegean region, with significant potential also identified in Central and Eastern Anatolia.

The EBRD has been at the forefront of supporting Turkey in developing its geothermal potential. To date the Bank has financed eight geothermal power plants – directly and through commercial banks. The installed geothermal capacity supported by the EBRD stands at 350 MW or 35 per cent of the national target.

The EBRD started investing in Turkey in 2009 and currently operates from offices in Istanbul, Ankara and Gaziantep. The country is a top destination for the Bank’s finance, with €1.9 billion invested in 2016 alone. To date, the Bank has invested over €9 billion in Turkey through more than 220 projects across many sectors and has mobilised nearly €20 billion for these ventures from other sources of financing. Some 98 per cent of the Bank’s investments in Turkey are in the private sector.

http://www.ebrd.com/news/2017/financing-for-geothermal-exploration-of-turkeys-dikili-area.html

 

Senate Committee Advances Nominees for Interior, Energy, and FERC

Murkowski Votes to Advance Four Key Administration Officials  

WASHINGTON, D.C. – The Senate Committee on Energy and Natural Resources today held a business meeting to advance four nominees to the Senate floor: David Bernhardt to be Deputy Secretary of the Interior, Dan Brouillette to be Deputy Secretary of Energy, and Neil Chatterjee and Robert Powelson to be Members of the Federal Energy Regulatory Commission (FERC).

“Secretary Zinke and Secretary Perry need their deputies in place to help them set strategic direction and run their departments on a day-to-day basis. At more than four months and counting, it is also critical to restore a working quorum at FERC as soon as possible,” Murkowski said. “I recognize that calendar space is limited, but am hopeful that we will be able to confirm all four of these nominees during this work period.”

The committee favorably reported Bernhardt by a vote of 14-9, Brouillette by a vote of 17-6, Chatterjee by a vote of 20-3, and Powelson by a vote of 20-3.

Murkowski supported all four nominations, which now head to the Senate floor for confirmation.

Murkowski is chairman of the Senate Committee on Energy and Natural Resources.

http://energy.senate.gov

 

EIA Issues Short-Term Energy Outlook:

In its latest “Short-Term Energy Outlook,” EIA forecasts non-hydropower renewables to provide 9% of electricity generation in 2017 and nearly 10% in 2018. The generation share of hydropower is forecast to be nearly 8% in 2017 and 7% in 2018. Wind electricity generating capacity at the end of 2016 was 81 gigawatts. EIA expects wind capacity additions in the forecast will bring total wind capacity to 88 GW by the end of 2017 and 102 GW by the end of 2018. Total utility-scale solar electricity generating capacity at the 2016 was 21 GW. EIA expects solar capacity additions in the forecast will bring total utility-scale solar capacity to 29 GW by the end of 2017 and 32 GW by the end of 2018. EIA also foresees geothermal growing from 0.226 quads in 2016 to 0.23 quads in 2017 and 0.236 quads in 2018. Biomass is expected to grow from 2.481quads in 2016to 2.484 quads this year and to 2.485 quads in 2018.

U.S. Energy Information Administration, June 6, 2017

https://www.eia.gov/outlooks/steo

U.S. Geothermal Inc. to Present at the 2017 Marcum Microcap Conference

BOISE, Idaho, June 07, 2017 (GLOBE NEWSWIRE) — U.S. Geothermal Inc. (the “Company”) (NYSE MKT:HTM), a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, today announced that Jonathan Zurkoff, Executive VP, Finance and Treasurer, is scheduled to present at the 2017 Marcum Microcap Conference in New York, NY on Thursday, June 15, 2017 at 10:00 a.m. (ET).

The 2017 Marcum Microcap Conference is scheduled to take place at the Grand Hyatt New York Hotel on June 15-16, 2017

Read more at http://www.stockhouse.com/news/press-releases/2017/06/07/u-s-geothermal-inc-to-present-at-the-2017-marcum-microcap-conference#cvlUL2uDCtbLBgmW.99

 

BLM completes Environmental Assessment for Mineral County Geothermal Lease Sale

CARSON CITY, Nev. – The Bureau of Land Management (BLM), Carson City District has completed an Environmental Assessment (EA) for the Mineral County Parcels, October 2017 Geothermal Lease Sale. The EA will be available for public review and comment through June 30, 2017. The BLM is also seeking public input under Section 106 of the National Historic Preservation Act for the Project that includes identifying or providing information about historic properties in or near the Project parcel areas.

The EA analyzes the impacts to the human and natural environment from leasing of geothermal resources on public lands located in Mineral County, Nevada. Issuance of geothermal leases confers on the lessee a right to future exploration and development of the resource within the lease area. However, leasing geothermal resources does not confer on the lessee the right to proceed with any ground-disturbing activities related to exploring for or developing geothermal resources.

The EA and associated documents are available at:  http://bit.ly/2sAP2Vk during the public comment period. Please send written comments to Dave Schroeder, Geothermal Leasing Project Lead at 5665 Morgan Mill Road, Carson City, Nevada, 89703, or fax at 775-885-6147, and email to: blm_nv_ccdowebmail@blm.gov. Comments should include “October 2017 Geothermal Lease EA” in the subject line.

For more information, please contact Dave Schroeder or Angelica Rose at 775-885-6000 or at the above address. For input or questions regarding historic properties contact Jason Wright at 775-885-1615.

https://www.blm.gov/press-release/blm-completes-environmental-assessment-mineral-county-geothermal-lease-sale

 

 

CA Passes 100% Clean Nrg Bill, Trump Admin Releases FY18 Budget Details, GEA Supports SB 600 and more!

Leading Stories, Releases, Solicitations

  • GEA Notes
  • California Senate Passes 100% Clean Energy and Environmental Protection Bills
  • Welch, Lujan Introduce National Renewable Energy and Efficiency Standard Legislation
  • Trump Administration Releases FY18 Budget Details
  • Statement on Release of the FY18 DOE Budget by the Geothermal Energy Association
  • GEA Supports California SB 600
  • Geothermal Agreement Signed: SaskPower, DEEP Geothermal to explore project in southeast Saskatchewan
  • KfW Development Bank and EU launch Latin America Geothermal Power Fund
  • Alterra Power Announces Potential Sale of Blue Lagoon Interest
  • ROTOTEC OY and ROBIT OYJ Deepen Their Geothermal Co-operation
  • Mexican Ministry of Energy awards three geothermal exploration permits: a key step forward for ENGIE and Reykjavik Geothermal
  • Raven Petroleum Plans “The Cleanest Refinery in the World”.
  • DOE Seeks Feedback on Reducing Regulation and Controlling Regulatory Costs

 

Headlines

 

Leading Stories, Releases, Solicitations

GEA Notes: The GEA and GRC are busy gearing up for the 2017 GEA GeoExpo+ and GRC Annual Meeting October 1-4 in Salt Lake City, UT!

 

 

And please remember, GEA is a membership organization.  Your support through membership makes our work possible.  For membership information, or to renew your company membership, contact Kathy Kent at kathy@geo-energy.org.

 

California Senate Passes 100% Clean Energy and Environmental Protection Bills

SACRAMENTO – The California State Senate voted today to pass SB 100, a bill that puts California on a path to 100 percent clean renewable energy by the year 2045.  Senate President pro Tempore Kevin de León (D – Los Angeles) and Senators will also address reports that President Trump plans to pull the United States out of the landmark Paris Climate Accord.

 

“We woke up this morning to extremely upsetting news – that the President intends to withdraw from the Paris agreement.” Senator de León said. “That’s why California’s leadership is critical.  We’re showing the way forward, and we’re sending a clear message to the rest of the world that no president, no matter how desperately the try to ignore reality, can halt our progress.”

GEA was among the groups supporting the legislation.  “This will be good for California and good for geothermal energy,” GEA stated.

 

Reps. Welch, Lujan Introduce National Renewable Energy and Efficiency Standard Legislation

WASHINGTON, May 25 — Rep. Peter Welch, D-Vt., issued the following news release:

Rep. Peter Welch (D-VT) and Rep. Ben Ray Lujan (D-NM) introduced legislation that creates a national renewable energy and energy efficiency standard that will reduce carbon emissions and drive the deployment of clean energy resources around the country.

“The United States is lagging behind on energy efficiency and renewable energy resources. We have barely scratched the surface of our potential,” Congressman Welch said. “This legislation charts a new energy future where energy efficiency and renewable technologies are put to work creating jobs, saving money and improving the environment.”

“Promoting the use of renewable energy and increased energy efficiency is not only good for our environment, but it’s also good for our economy and for consumers,” Congressman Lujan said. “A number of states, including my home state of New Mexico, have taken the lead on renewable energy standards. A national standard will further encourage the development of a clean energy economy that creates good jobs and enhances our economic competitiveness. This legislation will also help families who are living paycheck to paycheck by lowering energy bills and putting more money back in their pockets.”

The American Renewable Energy and Efficiency Act would require electric utilities, by 2032, to obtain at least 35 percent of their electricity supply from renewable sources and achieve a 20 percent reduction in electricity use and a 13 percent reduction in natural gas use.

“We strongly support Rep. Welch and Rep. Lujan’s introduction of the American Renewable Energy and Efficiency Act and applaud his leadership in promoting renewable energy nationwide. The establishment of a national renewable electricity standard will lower energy costs for consumers, drive new investment and job growth, and diversify our nation’s energy resources,” said the American Wind Energy Association.

Union of Concerned Scientists senior energy analyst Jeff Deyette shared that support. “State Renewable Electricity Standards and Energy Efficiency Resource Standards have delivered big benefits to consumers across the country while reducing harmful emissions that cause serious health problems and contribute to climate change,” he said. “These national targets can easily be met, helping to bring the entire country into line with the transition towards cleaner, cost effective sources of energy; providing economic benefits to consumers and industry in the process.”

Other supporters of the legislation include Sierra Club, Natural Resources Defense Council, and the American Council for an Energy-Efficient Economy.

Reps. Welch and Lujan are members for the House Energy and Commerce Committee.

 

Trump Administration Releases FY18 Budget Details

On May 23rd, The Trump Adminstration released the details behind its previously released “skinny budget.”  Below are some quick highlights of the document

Interior Budget:

The Dept of Interior Budget assumes Congress will repeal county royalty payment provision, which were enacted in 2005 directing 25% of geothermal royalty and rental payments to the local county involved.  OMB estimates this would save the Federal Treasury $3/$4 million annually.

DOE Budget:

The Department of Energy Budget assumes an 82% cut in geothermal funding, from $70 million in Fy 17 to $12.5 million in Fy 18.

Geothermal Technologies: The Budget provides $12,500,000 in FY 2018, supporting GTO’s Enhanced Geothermal Systems (EGS) collaborative effort, bringing together National Laboratory-led teams, academia, and industry to conduct early-stage R&D that explores the fundamental relationships between seismicity, stress state, and permeability to validate and verify models, providing feedback to inform the next stage of EGS research. The Program will fund the final year of a three-year hydrothermal effort for three National Laboratory projects targeting innovative, early-stage research on approaches to geothermal exploration through microhole drilling applications, self-healing cements, and subsurface imaging, all of which present such a significant degree of scientific uncertainty that industry is unlikely to invest significant resources.. The Budget Request also supports early-stage R&D in waterless fracturing and stimulation fluids, investigating alternative hydraulic fracturing methods to reduce, or eliminate, the use of water. Combined efforts will strengthen the body of knowledge necessary to enable industry to achieve a cost target of $0.06/kWh by 2030 from newly developed geothermal systems.

 

Geothermal Technologies Explanation of Major Changes ($K)

Subprogram,                                                                               FY16,               FY18            Reduction

Geothermal Technologies Enhanced Geothermal Systems,                   45,000,              5,368                -39,632

Hydrothermal,                                                                             13,800,              6,077                -7,723

Low Temperature and Coproduced Resources,                                   8,000 ,              0                      -8,000

Systems Analysis,                                                                       3,700,                1,055               -2,645

NREL Site-Wide Facility Support,                                                             500,                  ― 0                  -500

Total, Geothermal Technologies,                                                    71,000 ,                         12,500               -58,500

 

Geothermal Technologies Explanation of Major Changes ($K)

FY 2018 vs FY 2016

Geothermal Technologies

Enhanced Geothermal Systems: Funding for FORGE Phase 3 field operations is fully funded through prior-year appropriations and no additional funding is requested FY 2018. Other reductions reflect the discontinuation of later-stage R&D in advanced stimulation, zonal isolation, and fracture propping tools. -39,632

Hydrothermal: Reduced funding reflects the completion of the Play Fairway Analysis effort as well as a reduction in later-stage research in the areas of Wellbore Integrity, Subsurface Stress and Induced Seismicity, and New Subsurface Signals. -7,723

Low Temperature and Coproduced Resources: Reflecting the shift in focus to early-stage research and development, no funding is requested for the Low-Temperature and Coproduced Resources subprogram in FY 2018. Some management activities related to the execution of prior year appropriations will continue until completion. -8,000

Systems Analysis: Reduced funding reflects the completion of the Vision Study in FY 2017. -2,645

NREL Site-Wide Facility Support: In FY 2018, EERE proposes to move funding for the NREL Site-Wide Facility Support subprogram from individual technology programs to the Facilities and Infrastructure Program. Locating this funding in the Facilities and Infrastructure Program will provide clarity and transparency in communicating EERE’s stewardship of NREL, and will simplify planning and execution of EERE’s annual budget. This consolidation into a single program allows for better integration and coordination of operations and investments. -500

Total, Geothermal Technologies -58,500

 

FY 18 Comparative Funding: (millions)

Technology                 FY17               Fy18

Solar                            241                  69.7

Wind                           95.2                 31.7

Water                           69.8                 20.4

Geothermal                  70.8                 12.5

For more information on the FY18 DOE Budget proposal, go to:

https://energy.gov/cfo/downloads/fy-2018-budget-justification

Official White House FY’18 Budget Proposal Documents are at:

https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/2018_blueprint.pdf

 

Statement on Release of the FY18 DOE Budget by the Geothermal Energy Association

Washington, DC (May 25, 2017) – The information on DOE’s proposed FY18 budget for geothermal research paints a bleak picture:  it cuts the DOE geothermal research program to the bone.  The 82% funding reduction from $71 million to $12 million will have significant, negative impacts on technology development for the US geothermal industry, significantly reducing the ability to achieve the economic benefits of tapping the vast geothermal resource base of the United States.

The US Department of Energy’s Geothermal Technologies Program (DOE GTP) has a history of supporting the development of new technology that is critical for the geothermal industry.  DOE GTP’s support has helped the industry expand beyond high-temperature resources in the US by producing power from moderate-temperature geothermal resources, more than doubling the number of states with geothermal power production.  But much more can and needs to be done to enhance the value of and address the high risk of conventional resources, such as developing unique opportunities for extracting strategic minerals from geothermal fluids, improving exploration technology and reducing drilling risk, and ultimately allowing production of geothermal power nearly anywhere by engineering geothermal systems to enable the extraction of energy from deep, hot rocks.

With respect to the last, DOE GTP has had a strong focus on Enhanced Geothermal Systems (EGS) by advancing the development of new technologies that will allow us to “mine” the vast amount of heat that is present deep beneath our feet.  The flagship EGS R&D project is FORGE (Frontier Observatory for Research in Geothermal Energy), which will be an experimental site to develop and test techniques to enhance rock permeability in just the right way to enable effective heat mining.  The bare bones budget appears to continue the FORGE effort using prior year balances, which means the funding for the final center chosen will be left to future appropriations bills – a risky proposition.  The minimal budget would reduce DOE GTP’s efforts to  develop the tools needed for EGS (such as specialized drilling and completion methods, advanced stimulation techniques, zonal isolation, fracture management, maximizing energy extraction, etc.),  undercutting the success of EGS development efforts.

With respect to conventional geothermal resources, support for developing new exploration tools and technology  – which are needed to  identify the one-half of all US geothermal resources that are as yet undiscovered – would end under the proposed budget, despite the fact that the pay-off from this investment would be substantial.  New exploration technology is particularly important in states with no geothermal projects, where geological prospecting takes on higher risks.  Similarly, support for co-production (of geothermal fluids that are produced together with oil or gas), low-temperature technologies (allowing power production from the more common lower-temperature geothermal resources) and secondary products (recovery of lithium, rare earth elements and other strategic minerals from geothermal fluids) is ending – despite their significant near-term benefits.  Taken together, this means that valuable benefits for the US economy will be lost; for example, rather than developing domestic production of critical minerals for high tech applications, imports from China will continue.

DOE GTP has established a thoughtful and balanced R&D program that targets specific near-term and long-term opportunities for geothermal to contribute to our national energy security and economic growth.  In contrast, the proposed budget would severely limit the ability to make meaningful geothermal energy advancements in the United States.

 

GEA Supports California SB 600

GEA Western States Representative Rhonda Mills wrote California Senate Appropriations Committee Chairman Ricardo Lara expressing support for SB 600, a partial sales tax exemption bill.  In her letter, she said:

“The Geothermal Energy Association (GEA) applauds the introduction of Senate Bill 600, (SB 600, Galgiani), Sales and use taxes: exemption: manufacturing and research: useful life: electric power generation.

“By expanding eligibility to those engaged in electric power generation or distribution, SB 600 will help California increase inbound investments, while expanding our renewable energy sources and manufacturing powered by clean energy. In that way, SB 600 works to increase jobs and economic development, while reducing costs to California residential and business electricity and gas ratepayers.

“Renewable geothermal power uses the Earth’s heat to generate both thermal energy (heat/steam) and electric power. There are 44 operating geothermal plants in California with a capacity of over 2,700 Megawatts and a replacement value of $15 billion. Geothermal produced 6.11 percent of California’s total system power in 2015 and .04 percent of total U.S. electricity generation, an illustration of the efficiency and reliability of this clean power workhorse.

“Geothermal is more than renewable power, however. Geothermal “secondary uses” include, operating greenhouses and agricultural processing facilities, recovering precious minerals from geothermal brines (i.e., lithium, potash and zinc), reusing municipal wastewater (reducing costs to local governments), and using geothermal energy in HVAC and district heating systems (reducing point source emissions and reliance on natural gas). SB 600 would help California businesses build geothermal manufacturing/processing facilities and reduce ratepayer costs in our transition to more clean energy.

“For these reasons, the Geothermal Energy Association urges the Assembly Committee on Appropriations to support SB 600.”

 

Geothermal Agreement Signed: SaskPower, DEEP Geothermal to explore project in southeast Saskatchewan

SaskPower and DEEP Earth Energy Production Corp. (DEEP) have signed a power purchase agreement that will allow further research into the potential for Saskatchewan’s first geothermal power project.

“We’re proud to continue our work with DEEP to evaluate geothermal’s potential role in our power supply,” said SaskPower President and CEO Mike Marsh. “Cleaner electricity options are vital to Saskatchewan’s future, and geothermal power is another option to explore as we work to reach our goal of having 50 per cent of our capacity come from renewable power by 2030.”

Geothermal power generation passes hot water through an exchanger, creates steam and drives a turbine to produce electricity. The signed agreement allows DEEP to continue a proof of concept study to determine the feasibility of a five megawatt project near Estevan. The proposed plant would generate renewable, zero emission, baseload power from a hot aquifer three kilometres under the Earth’s surface.

“We’re pleased to complete this agreement with SaskPower as another step towards the commencement of Canada’s first geothermal power facility in southeast Saskatchewan,” said Kirsten Marcia, President and CEO of DEEP.  “DEEP’s Saskatchewan power facility will launch a brand new clean energy sector for the country, and we anticipate significant job creation during the construction and operation of the facility. DEEP is honored to be in partnership with SaskPower and their commitment to significantly reduce provincial GHG emissions through new and innovative projects like geothermal power.”

The electricity provided by the proposed plant would generate roughly the power required by 5,000 homes and offset about 40,000 metric tonnes of carbon dioxide per year – equal to taking over 8,000 cars off the roads annually. #powertogrow

For more information see saskpower.com/our-power-future. #powertogrow

http://www.saskpower.com/about-us/media-information/geothermal-agreement-signed/

 

KfW Development Bank and EU launch Latin America Geothermal Power Fund

The German government’s KfW Development Bank in conjunction with the European Union has launched a €55 million geothermal power fund for Latin America to focus on early stage development managed by Washington, DC-based, IDA Fund Management, LLC.  Known as the Geothermal Development Facility (GDF), the goal is to be a catalyst to 350 MW of installed geothermal power capacity in Latin America over the next ten years.  GDF will achieve this by providing feasibility study funding of as much as €600,000 and exploratory drilling funding for up to €5.8 million per project to qualified applicants in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, Honduras and Guatemala.  GDF expects to close a second round of significant funding from KfW and other Development Finance Institutions later this year.

An Expression of Interest was sought in January 2017, to which 25 parties submitted information.  In this two-step process, GDF is now announcing that it has now selected 13 applicants to complete Call for Proposals.  Final grant approvals for the selected proposals should be finalized in the 4th quarter of this year.  GDF has been pleased with the overwhelming interest in the marketplace for this important early stage funding.  To that end, its managers hosted a Technical Assistance Forum at GEOLAC in Mexico City in April where they reviewed the early results of GDF and discussed the outlook for the rest of the year.  It is anticipated that late this year a second Expression of Interest will be initiated where new applicants and some of those that weren’t selected in the first round will apply.

About IDA Fund Management

GDF is managed by IDA Fund Management a consortium of Interlink Capital Strategies (www.interlinkdc.com), a Washington, DC-based management consulting firm and financial advisor well known in the Export Credit Agency (ECA) and Development Finance Institution (DFI) space, and Dewhurst Group, LLC (www.dewhurstgroup.us), a Washington, DC-based geothermal exploration and development company with offices in Latin America.

For more information, info@gdflac.com

Contact: Alan Beard, 703-752-5880 Extension 115

 

Alterra Power Announces Potential Sale of Blue Lagoon Interest

Vancouver, May 16, 2017 /CNW/ – Alterra Power Corp. (TSX: AXY) announces that following several unsolicited expressions of interest, its subsidiary HS Orka hf will examine strategic alternatives for its 30% ownership interest in the Blue Lagoon tourist resort, up to and including a full sale.

Ross Beaty, Alterra’s Executive Chairman, said “The Blue Lagoon has grown substantially over the last several years, attracting significant investor attention from Iceland and elsewhere. Since the asset does not comprise a core part of our renewable power business, we think it’s time to look at our options.”

Stöplar Advisory in Iceland (www.stoplar.com) has been engaged to communicate with potential investors and administer the process.

http://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2017/Alterra-Power-Announces-Potential-Sale-of-Blue-Lagoon-Interest/default.aspx#sthash.WHUd7DJc.dpuf

 

ROTOTEC OY and ROBIT OYJ Deepen Their Geothermal Co-operation

Rototec Oy and Robit Oyj have signed a comprehensive co-operation and delivery agreement. The target of the collaboration is to advance the utilization of geothermal energy both in Finland and Scandinavia. The agreement contains also product development in co-operation to meet the industry’s development trends, such as increasingly deeper geothermal bore holes.

The agreement is a continuum for the companies’ existing co-operation being even more comprehensive.

Rototec Oy is the largest European provider of geothermal energy solutions as well as the innovative reformer of the industry. The company meets new possibilities on the field of increasing utilization of renewable energy. Rototec Oy has also started providing consultant services in China, where geothermal heating solutions are strongly becoming common.

Robit Oyj is a strongly internationalized growth company selling and servicing global customers in drilling consumables. Geothermal wells have formed an important and growing segment as a part of the company’s business. Geothermal energy solutions have expanded from private economies to apartment buildings, large business centers as well as warehouses. Technology enables also cooling at present.

http://globenewswire.com/news-release/2017/05/16/985385/0/en/ROTOTEC-OY-AND-ROBIT-OYJ-DEEPEN-THEIR-CO-OPERATION.html?f=22&fvtc=5&fvtv=35850855

 

Mexican Ministry of Energy awards three geothermal exploration permits: a key step forward for ENGIE and Reykjavik Geothermal

Mexico’s Ministry of Energy (SENER) has issued three exploration permits to ENGIE, a global energy company, and Reykjavik Geothermal, an Icelandic geothermal development company. These permits authorise their holders to spend three years exploring geothermal resources located in three zones, each measuring 150 km2, in Sangangüey (in the state of Nayarit) and in Cerro Pinto and Las Derrumbadas (in the state of Puebla).

This major step forward in the development of geothermal energy in Mexico follows the signature of a cooperation agreement on December 7, 2015 between ENGIE, through its wholly owned subsidiary Storengy, and Reykjavik Geothermal, geared towards obtaining and jointly developing Mexico’s concessions and geothermal exploration permits.

Both efficient and economical, geothermal energy is a renewable, non-intermittent and eco-friendly source of energy that uses heat from deep underground for heating, power generation and even air-conditioning systems. It is the main activity of Reykjavik Geothermal and one of the components of the energy transition in which ENGIE intends to become a world leader. ENGIE is a leading producer and supplier in Europe of geothermal energy for the heating and cooling of residential or commercial facilities, using various geothermal sources.

The Mexican Energy Reform has effectively opened up the electricity market and is encouraging private investors to participate in power generation. With the greening of the energy mix, this reform opens the door to the development of the country’s abundant geothermal resources.

Accordingly, the Mexican Ministry of Energy (SENER), the Mexican Development Bank Nacional Financiera (NAFIN) and the Inter-American Development Bank (IDB) jointly backed the development of a programme designed to curb the risks of exploration. This has played a key role in attracting private developers and will be a key element in helping the various actors to overcome the barrier to exploration in the domain of geothermal development.

ENGIE, primarily through its subsidiary Storengy, and Reykjavik Geothermal are convinced that geothermal energy is destined to play a major role in Mexico’s energy mix. To make geothermal energy all the more competitive, these companies are working on a full reflection of the geothermal sustainable and baseload values in the pricing.

“We are very confident regarding the potential of those areas, in order to develop carbon-free projects, which are at the heart of our strategy” stated Cécile Prévieu, CEO of Storengy.

“With these three licenses granted, Reykjavik Geothermal reinforces its position in the Mexican geothermal market” underlined CEO of Reykjavik Geothermal Gudmundur Thoroddsson.

Efrain Villanueva Arcos, General Director of Clean Energies of SENER has stated: “Granting these exploration permits to a partnership between France and Iceland marks a major step in the implementation of the geothermal energy reform since they are the first 100% foreign capital companies to invest in the Mexican geothermal industry.”

Thanks to their complementary know-how, ENGIE, through its subsidiary Storengy, and Reykjavik Geothermal will jointly continue the exploration programme for each of the three awarded permits.

http://www.engie.com/en/journalists/press-releases/mexican-ministry-energy-geothermal-exploration-permits/

 

Raven Petroleum Plans “The Cleanest Refinery in the World”.

Raven Petroleum is moving forward with plans to build a refinery in deep South Texas after tapping a general contractor to build it and a a company to provide 100 percent green power it and send emissions deep underground. The Woodlands-based company has chosen Houston-based general contractor BASIC Equipment to handle the proposed refinery’s engineering procurement and construction needs, while Austin-based geothermal company Thermal Energy Partners will provide 100 percent renewable power, desalination and carbon sequestration capabilities.

Raven Petroleum Managing Director Christopher Moore was at the South Texas Energy & Economic Roundtable office in San Antonio on Wednesday afternoon to sign memorandums of understanding with representatives from both companies to move the proposed project forward. “We’re willing to go the extra mile, the extra effort and expense to create a model refinery with the latest technology available to accomplish our goal of being the cleanest refinery … period,” Moore said.

Last year, Raven Petroleum announced plans to build an $500 million refinery off State Highway 359 near Hebbronville, TX. Moore told the Business Journal that his company expects to file an application for a Texas Commission on Environmental Quality permit at the end of the first quarter. The company chose BASIC Equipment and Thermal Energy Partners (TEP) to address safety and environment “This not only addresses many of the local environmental concerns, but also our concerns,” Moore said.

BASIC Equipment President and CEO Thomas Balke said his company has helped to build multiple refineries and that the Raven Petroleum project will include a number of safety features. “We’ve got a lot of experience with containment in our designs,” Balke said. “The designs we’ll be working will have concrete and sealed containments. If there is a spill, it will be recovered and pumped back into a tank so it can be reprocessed. We won’t be excavating and cleaning dirt, we’ll have everything in the containers.

The proposed refinery’s site is in a “sweet spot” for geothermal energy and TEP will also build and operate a desalination plant to support the project. Early cycles of geothermal power will rely on high-temperature brackish water from deep underground while later cycles will rely on the refinery’s own carbon dioxide emissions for power. Cutright’s company has designed a system where the refinery’s emissions are captured and pumped deep underground where carbon dioxide will become “supercritical” from the pressure and heat. The supercritical carbon dioxide will then be used as fuel source for the geothermal power plant’s turbines.”We’re excited that this is going to be in Texas to show that the carbon dioxide can be reutilized in a unique way,” Cutright said.

“It’s going to revolutionize the production of geothermal energy.” South Texas Energy & Economic Roundtable President Omar Garcia said the refinery project is an example of balancing economic development with the environment. “This technology is further proof that whether you’re an operator, service company or a refinery, there is a premium put on safety and the environment,” Garcia said. “This is cutting-edge technology.”

http://www.thermalep.com/tep-signsagreement-with-raven-petro

 

DOE Seeks Feedback on Reducing Regulation and Controlling Regulatory Costs

As part of its implementation of Executive Order 13771, “Reducing Regulation and Controlling Regulatory Costs,” the Department of Energy (DOE) is seeking comments and information to assist DOE in identifying existing regulations, paperwork requirements and other regulatory obligations that can be modified or repealed, consistent with law, to achieve meaningful burden reduction while continuing to achieve the Department’s statutory obligations.

Interested parties are encouraged to submit comments, identified by “Regulatory Burden Reduction RFI,” by any of the following methods:

  • Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments.
  • E-mail: Regulatory.Review@hq.doe.gov. Include “Regulatory Burden RFI” in the subject line of the message.
  • Mail: U.S. Department of Energy, Office of the General Counsel, 1000 Independence Avenue, SW, Room 6A245, Washington, DC 20585.

 

For more information, please see the official notice in the Federal Register at https://www.federalregister.gov/documents/2017/05/30/2017-10866/reducing-regulation-and-controlling-regulatory-costs

 

Headlines

Commencement of Development of Geothermal Projects Establishment of Laboos and First Exploitation Wells

https://www.supreme-energy.com/dimulainya-pengembangan-proyek-panas-bumi-muara-laboh-dan-penajakan-pertama-sumur-eksploitasi/

 

New regulation opens way for geothermal sector’s infrastructure financing

http://www.thejakartapost.com/news/2017/05/31/new-regulation-opens-way-for-geothermal-sectors-infrastructure-financing.html

 

Ethiopia to launch geothermal project

http://news.xinhuanet.com/english/2017-05/26/c_136315335.htm

 

Australian company to build largest geothermal plant in Imperial County

http://www.kyma.com/news/australian-company-to-build-largest-geothermal-plant-in-imperial-county/505191925

World Bank $1.8m grant to strengthen capacity in geothermal development in Chile

http://www.thinkgeoenergy.com/world-bank-1-8m-grant-to-strengthen-capacity-in-geothermal-development-in-chile/

UNEP to set up Pan-African Geothermal Centre of Excellence in Kenya

http://www.thinkgeoenergy.com/unep-to-set-up-pan-african-geothermal-centre-of-excellence-in-kenya/

 

Two Finnish firms for partnership on geothermal in Finland and Scandinavia

http://www.thinkgeoenergy.com/two-finnish-firms-for-partnership-on-geothermal-in-finland-and-scandinavia/

 

Geothermal heat for Westland greenhouse region near The Hague

Dutchnews.nl

 

EU releases Horizon 2020 call for funding of EUR 10m for EGS research project

http://www.thinkgeoenergy.com/eu-releases-horizon-2020-call-for-funding-of-eur-10m-for-egs-research-project/

 

Biliran geothermal plant could start operation in September 2018

http://www.thinkgeoenergy.com/biliran-geothermal-plant-could-start-operation-in-september-2018/

 

Geothermal a game-changer as nuclear energy uptake lags

http://www.businessdailyafrica.com/markets/news/Geothermal-a-game-changer-as-nuclear-energy-uptake-lags/3815534-3921674-4fqtl0/index.html

 

–end–

 

CA Senate Leader Introduces 100% Clean Energy Measure, Congressional Stop-Gap Budget Ignores Trump’s Requested Cuts to Science & Energy Programs, and more!

Leading Stories, Releases, Solicitations

  • California Senate Leader Introduces 100 Percent Clean Energy Measure – GEA Endorses Measure
  • Wyden Unveils Clean Energy for America Act
  • Congressional Stop-Gap Budget Ignores Trump’s Requested Cuts to Science and Energy Programs 
  • Congressional Action on Geothermal Funding for FY17
  • President Trump Names Daniel Simmons to Run DOE Efficiency and Renewable Programs
  • ORIX to Acquire 22% Ownership Stake in Ormat from FIMI and Bronicki Investments and Simultaneously Enter into Strategic Partnership with Ormat
  • Ormat Technologies Reports 25% Increase in Revenues for the First Quarter of 2017

·      Enel Green Power Awards Two Stars Of Merit For Labour In Geothermal

  • Polaris Infrastructure Announces 2017 First Quarter Results
  • NREL Releases Mexico Market Geothermal Assessment Report
  • EU Commission clears the creation of a joint venture by STRABAG and EVN for Development of Deep Geothermal
  • Milestone reached in geothermal deep drilling project
  • Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München
  • BLM completes Environmental Assessment for Dixie Meadows Geothermal Development Project

 

Headlines

 

Leading Stories, Releases, Solicitations

 

California Senate Leader Introduces 100 Percent Clean Energy Measure – GEA Endorses Measure

SACRAMENTO – California Senate President pro Tempore Kevin de León (D-Los Angeles) on Tuesday May 2introduced Senate Bill 100, The California Clean Energy Act of 2017, which puts the state on the path to 100 percent clean, renewable energy by 2045.  GEA endorsed the proposed legislation.

VIDEO: Press Conference: California Senate Leader Introduces 100 Percent Clean Energy Measure

“California’s experience over the last decade offers hard evidence that we can dramatically expand clean energy while also growing our economy and putting people to work,” Senator de León said. “This measure will ensure that California remains the world’s clean energy superpower and that we lead the nation in addressing the threat of climate change.”

VIDEO: 100% Clean Energy Equals Jobs https://youtu.be/7Zeu3yXuGCg

VIDEO: 100% Clean Energy: We Can Get There https://youtu.be/9AYRADZkkqs

BILL SUMMARY

SB 100, the California Clean Energy Act of 2017 does all of the following:

  1. Establishes an overall state target of 100% clean energy for California by 2045 by directing the CA Public Utilities Commission, CA Energy Commission, and Air Resources Board to adopt policies and requirements to achieve total reliance on renewable energy and zero carbon resources by that date.
  2. Accelerates SB 350’s 50% mandate for clean renewable energy from 2030 to 2026 and establishes a new RPS benchmark of 60% by 2030  to ensure more clean energy in the California grid sooner.
  3. Establishes new policies for energy companies to capture uncontrolled methane emissions from dairies, landfills and waste water treatment plants and use these clean renewable fuels to replace natural gas.
  4. Authorizes investor owned utilities to invest in cleaner transportation fuels such as hydrogen or waste methane gas from dairies for heavy duty trucks to replace dirty diesel fuels, provided there are no other cleaner options such as zero emission vehicles available.

BACKGROUND

California has one of the cleanest economies in the world. Since we passed AB 32 in 2006, we’ve grown our economy faster than the national average while reducing carbon intensity by nearly 40% compared to 1990. We’ve also lowered energy bills, improved air quality and created thousands of new, high wage jobs in the clean energy sector.

California already has the most ambitious climate targets in the world and the most aggressive renewable energy targets of any economy of its size. We lead the nation in renewable energy generation, clean tech venture capital investment, patent creation and clean car technology.

In 2015, The Legislature passed SB 350, The Clean Energy and Pollution Reduction Act (De Leon et al), which set a 50% clean energy standard by 2030.That bill also set new requirements for doubling energy efficiency and for wide scale transportation electrification deployment. Senate Bill 32, the Global Warming Solutions Act of 2016 (Pavley), requires the state to reduce overall greenhouse gas emissions by 40% by 2030.

http://sd24.senate.ca.gov/news/2017-05-02-california-senate-leader-introduces-100-percent-clean-energy-measure

 

Wyden Unveils Clean Energy for America Act

Bill streamlines tax credits to encourage production of clean energy, cut carbon pollution 

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today announced legislation to measurably reduce carbon pollution over the next decade through a series of incentives for clean energy and the promotion of new technologies in the private sector. Wyden’s Clean Energy for America Act includes technology-neutral tax credits for domestic production of clean electricity and clean transportation fuel, as well as performance-based tax incentives for energy-efficient homes and office buildings. These credits are open to all resources, including fossil fuels that capture carbon or make efficiency improvements.

Wyden is the senior Democratic member on the Senate Finance Committee and member of the Senate Energy and Natural Resources Committee, making him uniquely positioned to find new incentives to cut carbon pollution while creating millions of jobs in the clean energy sector.

“This bill is built around the proposition that the law ought to reward innovative energy technologies with incentives that spark investment in the private economy,” Wyden said. “These investments will shrink electric bills for American families and create new clean energy jobs in Oregon and across the country.”

The current system of energy incentives in the tax code is overly complex and far less effective than it should be. Today, there are 44 different energy tax incentives. More than half are too short-term to effectively stimulate investments, while also providing different subsidies to different technologies with no clear policy direction. By contrast, Wyden’s bill proposes a dramatically simpler set of long-term, performance-based energy tax incentives that are technology-neutral and promote clean energy production and storage in the United States.

Cosponsors of the Clean Energy for America Act include Senate Democratic Leader Chuck Schumer, D-N.Y., along with Senate Finance Committee members Debbie Stabenow, D-Mich., Maria Cantwell, D-Wash., Bob Menendez, D-N.J., Tom Carper, D-Del., Ben Cardin, D-Md., Michael Bennet, D-Colo., and Senators Dick Durbin, D-Ill., Amy Klobuchar, D-Minn., Sheldon Whitehouse, D-R.I., Jeanne Shaheen, D-N.H., Kirsten Gillibrand, D-N.Y., Chris Coons, D-Del., Brian Schatz, D-HI, Martin Heinrich, D-N.M., Angus King, I-Maine, Tim Kaine, D-Va., Cory Booker, D-N.J., Tammy Duckworth, D-Ill., Maggie Hassan, D-N.H., and Catherine Cortez Masto, D-Nev..

Legislative text can be found here. A one-page summary of the bill can be found here and a longer summary of the bill can be found here.

GEA’s Executive Director called the proposal “a significant step in the right direction.”  “We support establishing a long-term, technology neutral tax incentive for clean energy production,” he added.

 

Congressional Stop-Gap Budget Ignores Trump’s Requested Cuts to Science and Energy Programs 

On May 4, Congress finalized a bipartisan deal to fund the federal government through September and avoid a government shutdown. The bill cleared both chambers and now awaits the President’s signature. The stop-gap bill differs greatly from the budget outline issued by the Trump administration in March, particularly on funding for energy and environmental programs. The Trump administration’s “skinny budget” proposal called for a 30 percent reduction to EPA, but Congress’s budget would result in a one percent reduction for EPA, with some additional usage restrictions installed. The Department of Energy’s research offices were also targeted for steep reductions, yet these programs will see slight increases in funding under the Congressional proposal. However, the Trump administration is still proceeding with steps to diminish the capacity of regulatory agencies, including the removal of 3,200 of EPA’s 15,000 employees. In addition to ongoing executive actions to roll back U.S. climate policies, the Congressional budget contains zero funding for the Green Climate Fund and the United Nations Intergovernmental Panel on Climate Change.

For more information see:

Washington Post, Bloomberg, Inside Climate News

Source: EESI News

 

Congressional Action on Geothermal Funding for FY17

Congress has passed, and the President has signed an FY17 Omnibus bill that allows DOE and other programs to have clear financial direction for the rest of the Fiscal Year.

The final report for the measure stipulates for geothermal total spending for FY17 of  $69.5 million.  Further, it notes “Geothermal Technologies.-The agreement provides $35,000,000 for ongoing activities for the Frontier Observatory for Research in Geothermal Energy project.”

For reference, in FY16 the geothermal programs was funded at $71 million, and the Obama Administration request for FY 17 was $99.5 million.

 

President Trump Names Daniel Simmons to Run DOE Efficiency and Renewable Programs

The President has named a leading critic of Obama era renewable policies to oversee DOE’s Energy Efficiency and Renewable Energy Programs – Daniel Simmons previously VP at the Institute for Energy Research.  According to IER’s website:

“Daniel Simmons is IER’s Vice President for Policy. Simmons previously served as IER’s Director of Regulatory and State Affairs. He oversees IER’s work on energy and climate policy at the state and federal level.

“Prior to joining IER, Simmons served as director of the Natural Resources Task Force at the American Legislative Exchange Council (ALEC), was a research fellow at the Mercatus Center, and worked as professional staff on the Committee on Resources of the U.S. House of Representatives.

“Simmons is a graduate of Utah State University and George Mason University School of Law. He is a member of the Virginia State Bar.”

The Washington Post called Simmons “a conservative scholar who sharply questioned the value of promoting renewable energy sources and curbs on greenhouse gas emissions.”

DOE’s website said: In his role as Acting Assistant Secretary in the Office of Energy Efficiency and Renewable Energy (EERE), Daniel Simmons leads EERE to achieve its vision of a strong and prosperous America powered by clean, affordable, and secure energy. He oversees technology development in the energy efficiency, renewable power and sustainable transportation sectors.”

 

ORIX to Acquire 22% Ownership Stake in Ormat from FIMI and Bronicki Investments and Simultaneously Enter into Strategic Partnership with Ormat

Reno, Nevada and Tokyo, Japan, May 4, 2017 – Ormat Technologies, Inc. (NYSE: ORA) and ORIX Corporation (TSE: 8591; NYSE: IX) announced today that ORIX will acquire an approximately $627 million ownership stake in Ormat by purchasing approximately 11.0 million shares of Ormat common stock from FIMI ENRG Limited Partnership, FIMI ENRG, L.P. (collectively, “FIMI”), Bronicki Investments, Ltd. (“Bronicki”), and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat. The per share sale price to be paid by ORIX at closing (subject to satisfaction of customary conditions, including regulatory approvals) is $57, which was the prevailing market price at the time that ORIX, FIMI and Bronicki reached agreement on the commercial terms of their transaction. The parties expect closing (including with respect to the agreements described below) to occur in the third quarter of 2017.

Under terms of a new Commercial Cooperation Agreement between the two companies, Ormat will have exclusive rights to develop, own, operate and provide equipment for ORIX geothermal energy projects in all markets outside of Japan. In addition, Ormat will have certain rights to serve as technical partner and co-invest in ORIX geothermal energy projects in Japan. Also, ORIX will assist Ormat in obtaining project financing for its geothermal energy projects from a variety of leading providers of renewable energy debt financing with which ORIX has relationships in Asia and around the world.

Under related agreements, ORIX will have the right to designate three persons to be appointed to an expanded nine-person Ormat board of directors and also propose a fourth person to be mutually agreed by Ormat and ORIX to serve as a new independent director on the Ormat board. In addition, for so long as ORIX is entitled to board representation, ORIX will be subject to certain customary standstill restrictions, including an effective 25% cap on its voting rights. ORIX will also have certain customary registration rights with respect to the shares of Ormat common stock that it will own.

A Special Committee of the Ormat board of directors was formed to evaluate and negotiate the shareholder arrangements proposed by ORIX. The Special Committee received independent legal counsel from Davis Polk & Wardwell LLP. The agreements between ORIX and Ormat were executed by Ormat following the unanimous recommendation of the Special Committee and the unanimous approval by the Ormat board of directors.

“We are excited to partner with ORIX, one of the world’s leading diversified companies with operations in 36 countries, to advance the interests of both companies,” commented Gillon Beck, Ormat’s Chairman. “With ORIX’s significant presence around the world, access to capital and strong positioning throughout Asia, we believe Ormat can enhance and accelerate its strategic growth plans in the renewable energy market. We expect this collaboration will expand the number and quality of growth opportunities that Ormat enjoys around the world, particularly in Asia.” Mr. Beck added “These past years have been exciting ones characterized by continued growth and strategy execution. I would like to thank the devoted management and employees of Ormat for their relentless efforts. ORIX is joining an amazing company and I am confident that Ormat will continue to excel and reach new highs.”

“We are delighted to be partnering with Ormat to support the company’s expansion in the global geothermal energy market” said Mr. Yuichi Nishigori, Head of Energy and Eco Services Business Headquarters of ORIX. “As one of Asia’s leading investors in the renewable energy sector, and with a growing portfolio of renewable energy investments around the world, we recognize the importance of having clean, reliable, baseload power such as that which geothermal provides, and we believe that the geothermal sector has the potential to become an increasingly large component of the world’s overall energy mix. Given Ormat’s technological leadership and increasingly global portfolio of operations, we believe the company is well positioned to help lead this expansion, and we look forward to working with the Ormat board and existing management team to facilitate the company’s future growth and value creation.”

“Following the meetings and discussions I had with ORIX’s management in the last several weeks, I am confident that this significant cooperation agreement will support our strategic plan to expand our geographical footprint as well as technological and customer base” said Isaac Angel, Ormat’s CEO. “We expect that the comprehensive capabilities and track record of Ormat together with ORIX’s commitment to expanding the scope of its geothermal and other renewable energy activities will accelerate our growth. I look forward to leading our cooperation with ORIX on future opportunities.”

http://www.ormat.com/news/latest-items/orix-acquire-22-ownership-stake-ormat-fimi-and-bronicki-investments-and-simultaneo

 

Ormat Technologies Reports 25% Increase in Revenues for the First Quarter of 2017

Electricity Segment Expands 7.3% to Record Revenues of $115.8 million; Products Segment Up 69.5% Management Reiterates Full-Year Guidance

RENO, Nev. May 8, 2017 – Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2017.

Financial Summary:

First Quarter 2017 Highlights and Recent Developments:
• Total revenues of $189.9 million, up 25.3% compared to the first quarter of 2016;
‒ Electricity segment revenues increased 7.3% to record revenues of $115.8 million, up from $107.9 million in the first quarter of 2016;
‒ Product segment revenues increased 69.5% to $74.1 million, up from $43.7 million in the first quarter of 2016;
• Electricity generation increased 2.2%, compared to the first quarter of 2016, from 1.397 million MWh to 1.428 million MWh;
• Gross margin decreased to 39.2% compared to 42.1% in the first quarter of 2016, due to a lower margin in the Product segment;
• Operating income increased 17.7% to $59.5 million, compared to $50.5 million in the first quarter of 2016;
• Net income attributable to the company’s shareholders of $35.3 million or $0.70 per diluted share, compared to $29.3 million or $0.59 per diluted share in the first quarter of 2017;
• Adjusted EBITDA grew 14.4% to a record of $91.8 million in the first quarter of 2017;
• Declared a quarterly dividend of $0.08 per share for the first quarter of 2017;
• Product segment backlog remains strong at $207.0 million1; added approximately $30 million of new orders2;
• Closed acquisition of substantially all of the business and assets of Viridity Energy, Inc.;
• Commenced commercial operation of the first unit of the Sarulla geothermal power plant, one of the world’s largest geothermal power plants, located in Indonesia’s North Sumatra; and
• ORIX will acquire 22% ownership stake in Ormat from FIMI and Bronicki Investments and simultaneously enter into strategic partnership with Ormat. Closing is expected in the third quarter of 2017.

“This was another good quarter, benefitting from outstanding execution in both our electricity and products segment,” commented Isaac Angel, Chief Executive Officer. “As we have noted, our goal in the electricity segment has been to adjust output at our facilities to maximize efficiency, and the progress we are making in this area is evidenced by the improvement in gross margin to 43.0%. The addition of the Bouillante facility, coupled with full output again at Puna, has helped us increase revenue in the segment by more than 7%. I am encouraged with our progress in this segment.”

Mr. Angel continued, “Our products segment delivered a nearly 70% increase in quarterly sales, due to our progress in projects in New Zealand, China and Turkey. As previously indicated, several of these projects, most notably in Turkey, as well as timing issues related to product deliveries, contributed to lower gross margin which is expected to remain at similar level during 2017. As a result of the improvements we are constantly making to increase efficiencies across our operations, we delivered a record adjusted EBITDA of nearly $92 million.”

Mr. Angel continued, “We recently announced that ORIX will acquire 22% ownership stake in Ormat mainly from FIMI and Bronicki Investments. Simultaneous, we signed a commercial cooperation agreement with ORIX. We see this commercial cooperation agreement as a significant development that will enhance our strategic position, expand our geographic footprint as well as our technological and customer base. ORIX’s global reach and reputation in the energy market serves as a further validation of Ormat’s comprehensive capabilities and track record to a broader market and provides a platform to accelerate our growth.”

http://www.ormat.com/news/latest-items/ormat-technologies-reports-25-increase-revenues-first-quarter-2017

 

Enel Green Power Awards Two Stars Of Merit For Labour In Geothermal

Geothermal energy confirms itself a major resource for Tuscany. With a ceremony at Palazzo Vecchio in Florence on 1st of May, Labour Day, two Enel Green Power employees, Roberta Bianchi and Fausto Tanzini, were awarded the Star of Merit for Labour, a recognition in the field of innovation and environmental sustainability.

Roberta Bianchi, who was born in 1965 in Montecatini Val di Cecina (Pisa) and lives in Pontasserchio (Pisa), works at Enel Green Power Geothermal, Pisa as Head of support to operation and performance improvement. She is responsible for coordinating all management support activities. She joined Enel in 1986, and in over thirty years of work she has made an important contribution to the financial, management and administrative sectors applied to Geothermal. During her career she dealt with various aspects of the industrial process, from authorisation and verification of investments of new production plants, new geothermal wells and fluid transport networks, to management and control of production and maintenance programmes at plants.

Fausto Tanzini, who was born in 1957 in Castelnuovo Val di Cecina and lives in Sasso Pisano, is Head of Enel Green Power’s Geothermal Maintenance Services Electro-Regulation Team. He has worked at Enel since 1977, making an important contribution in the field of electrical and electronic maintenance, applied to geothermal energy and more generally to power generation plants, dealing in his career with various issues regarding the maintenance, upgrading and repair of electrical machinery and related equipment.

The Head of Enel Green Powers Geothermal, Massimo Montemaggi, complimented his colleagues for an important and well-deserved acknowledgment that honours the commitment and professionalism of both colleagues, the company and the geothermal areas of Pisa and Tuscany, where their professionalism was born and grew.

https://www.enel.it/en/media/news/d201705-enel-green-power-two-stars-of-merit-for-labour.html

 

Polaris Infrastructure Announces 2017 First Quarter Results

TORONTO, ON–(Marketwired – May 09, 2017) – Polaris Infrastructure Inc. (PIF.TO) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to report its financial and operating results for the quarter ended March 31, 2017. This earnings release should be read in conjunction with Polaris Infrastructure’s financial statements and management’s discussion and analysis (“MD&A”), which are available on the Company’s website at www.polarisinfrastructure.com and have been posted on SEDAR at www.sedar.com. The dollar figures below are denominated in US Dollars unless noted otherwise.

HIGHLIGHTS

San Jacinto-Tizate Project Highlights

  • Strong power generation: The San Jacinto-Tizate Power Plant (the “San Jacinto project”) generated 108,894 MWh (net) (an average of 50.4 MW (net)), resulting in revenue of $13.4 million for the three months ended March 31, 2017, versus revenue of $12.6 million on generation of 105,599 MWh (net) (an average of 48.4 MW (net)) in the prior year period. The 6% revenue increase was due to higher average production in 2017 as well as the impact of the 3% annual tariff increase. Absent the impact of downtime associated with turbine maintenance, we estimate average generation and revenue for the three months ended March 31, 2017 would have been 57.4 MW (net) and $15.2 million, respectively.
  • Strong cash flow generation: Cash flow from operations of $8.9 million resulted in a net cash increase of $2.6 million in the quarter ended March 31 2017, despite the revenue impact from turbine maintenance and after deducting debt service, dividend payment and capital investments. The Company generated Adjusted EBITDA (a non-GAAP measure) of $10.9 million in the three months ended March 31, 2017, a 5% increase from the prior year period, despite the impact of planned downtime in 2017. See Use of Non-GAAP Measures section below for reconciliation of Adjusted EBITDA to Total income (loss) and comprehensive income (loss).
  • Successful conclusion of annual turbine maintenance: Comprehensive preventative maintenance was completed on the Unit 4 turbine at the San Jacinto project over the course of three weeks in February 2017. This exercise was completed on schedule and on budget, and leaves the Company well positioned for consistent turbine performance throughout 2017 and 2018, given that the Unit 3 turbine was recently serviced as well, in July 2016. We estimate that downtime associated with turbine maintenance resulted in foregone average power generation of approximately 7 MW (net) in the first quarter of 2017.
  • Commencement of 2017 Drilling Program: The Company’s wholly-owned operating subsidiary, Polaris Energy Nicaragua S.A. (“PENSA”), which owns and operates the San Jacinto project, commenced drilling of SJ 11-2 on April 29, 2017. SJ 11-2 will be an injection well, providing important additional injection capacity as well flexibility to integrate a binary unit into the San Jacinto project, which is planned for 2018 installation. PENSA plans to commence drilling of a new projection well in July 2017, after findings from various geotechnical surface studies presently underway, have been incorporated.

 

NREL Releases Mexico Market Geothermal Assessment Report

According to NREL, “This report is intended to help U.S. companies in the geothermal sector understand potential business opportunities created by recent changes in the Mexican energy market and regulatory environment.”

A copy can be downloaded at: http://www.nrel.gov/docs/fy17osti/63722.pdf

 

EU Commission clears the creation of a joint venture by STRABAG and EVN for Development of Deep Geothermal

The European Commission has approved under the EU Merger Regulation the acquisition of joint control by STRABAG SE (“STRABAG”) and EVN AG (“EVN”), both of Austria, over the joint venture Projektgesellschaft Geoenergie Bayern Projekt Garching a.d. Alz GmbH & Co. KG, of Germany. The joint venture holds the rights for the development of the deep geothermal energy project “Bruck” in Garching a.d. Alz in Bavaria, which will further develop and generate and supply electricity and district heating to third parties. Moreover, it is expected to develop other deep geothermal projects. STRABAG is active worldwide in all segments of the construction business, especially in structural, construction and civil engineering, as well as road construction. EVN is mainly active in the exploration and production of oil and gas, gas storage and distribution of electricity, gas and district heating. The Commission concluded that the proposed acquisition would not raise competition concerns given that the joint venture has no, or negligible, actual or foreseen activities within the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8455.

http://europa.eu/rapid/press-release_MEX-17-1244_en.htm

 

Milestone reached in geothermal deep drilling project

The EU-funded DEEPEGS project has managed to drill 4 659 meters into a geothermal field in what is being described as a ‘significant milestone’ for the geothermal industry.

The results and lessons learned from the drilling process, which took 168 days, have just been published by the EU-funded DEEPEGS (Deployment of Deep Enhanced Geothermal Systems for Sustainable Energy Business) project whose well now has the deepest casing of any in Iceland. The work was done in two phases, the first to deepen an existing, 2 500 metre well to 3 000 metres and then to drill still further to an ultimate depth of 4 659 metres.

The project’s long-term goal is to use deep wells for highly efficient energy production, opening up new dimensions in the use of geothermal as a source. DEEPEGS needed to find supercritical fluid at the bottom of their well as this has a much higher energy content than conventional high-temperature geothermal stream resulting in a more efficient energy source – the project was able to report that it had done so.

Surmounting obstacles and gaining valuable experience

DEEPEGS explains that drilling a well this deep and hot presents challenges that are hard to overcome. As they drilled further down the complexities developed, and since this well went deeper than any that preceded it, DEEPEGS gained new insights into the type of problems that arise.

Extracting drill cores proved particularly difficult, it took 13 attempts to extract 27.3 metres and the last core to remove was at the bottom of a shaft of about 4 500 metres. Conventional drilling methods were not an option, so the project had to develop new means of tacking the challenges. All obstacles apart from the last, circulation loss, were overcome.

The project found the complete loss of circulation below 3 060 metres could not be dealt with through lost circulation materials, or by sealing the loss zone with cement. As a result, drill cores were the only deep rock samples recovered. However, as DEEPEGS set out to drill deep and extract cores, measure temperatures, search for permeability and find fluids at supercritical condition, the main objectives were reached.

So how viable is the source?

DEEPEGS believes the scope for potential utilisation will not be known until the end of 2018 when all research, including substantial well simulation and flow testing, has been conducted. But, says the project, initial indications are positive. The temperature at the bottom of the well has already been measured at 427°C, with fluid pressure of 340 bars, drill cores were retrieved, and the rocks appear to be permeable at depth. If deep, supercritical wells can produce more energy than conventional geothermal wells, fewer will be needed, resulting in the same amount of energy capture for less environmental impact.

For more information, please see: http://cordis.europa.eu/news/rcn/128148_en.html

 

Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München

– Drillings are part of Stadtwerke München’s plan to provide 100% of district heating from renewable energies

Grünwald / Ascheberg, Germany, May 3, 2017 – The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has received a major order from Munich-based energy provider Stadtwerke München GmbH (SWM) to drill two geothermal doublers (four deep drillings) for the production of geothermal energy. With a value in the double-digit million range, the order is one of the largest in the company’s history. The drillings will go into a depth of more than 4,000 meters with work to start later this year. The drillings are part of SWM’s vision for district heating, which calls for Munich to be Germany’s first major city whose district heating will be generated entirely through renewable energies by 2040. Geothermal energy from hot thermal water is key to the production of this heating: Munich is located on top of vast supplies of this environmentally friendly energy, which is contained in easily permeable layers of limestone that are part of the geological layers underneath the city.

“SWM has opted for one of Europe’s most experienced geothermics specialists,” says Josef Daldrup, CEO of Daldrup & Söhne AG. “We are excited to support SWM in implementing their 100 percent renewable energies strategy, and to establish geothermal energy as a climate-friendly local heat supplier on an industrial scale for Munich with its more than one million inhabitants.”
BLM completes Environmental Assessment for Dixie Meadows Geothermal Development Project

CARSON CITY, Nev. – The Bureau of Land Management (BLM), Carson City District,  has completed an Environmental Assessment (EA) for the Dixie Meadows Geothermal Development Project. The BLM is also seeking public input under Section 106 of the National Historic Preservation Act for the Project. This includes seeking information and identifying historic properties in or near the Project area. Public comments will be accepted through June 8, 2017.

This EA analyzes the potential impacts from the proposed development of this project including the construction of up to two 30 Megawatt net rated geothermal power plants; drilling, testing, and operating up to 15 geothermal production and injection well sites and eight core hole sites; constructing and operating pipelines to carry geothermal fluid between well fields and the power plant(s)s; and constructing either a 120-kilovolt (kV) or a 230-kV gen-tie and associated structures.  The geothermal portions of the Project are located within the Combined Dixie Meadows Geothermal Unit Area.  It also contains mineral rights to 760 acres of US Navy land known as the Lamb Mineral interests.  This project is located on public lands in Churchill and Pershing Counties, Nevada.

A copy of the EA is available in the Carson City District BLM Office and on the project webpage at  https://bit.ly/2qWH2MK  Please send written comments to: Dave Schroeder, Dixie Meadows EA Project Lead, Stillwater Field Office, 5665 Morgan Mill Road, Carson City, NV 89701.  Comments may also be submitted electronically via the EA webpage (under the “Contact Information” section), via email to blm_nv_ccdowebmail@blm.gov or via fax at (775) 885-6147 with the subject heading “Dixie Meadows Geothermal Development EA”.

Before including your address, phone number, e-mail address, or other personal information in your comment, you should be aware that your entire comment-including your personal information- may be publicly available at any time. While you ask us in your comment to withhold personal identifying information from public review, we cannot guarantee that we will be able to do so. After the public review period has ended, comments will be analyzed and considered part of the decision-making process. If you have any questions, please contact Jason Wright at (775) 885-6000 or at the above address.

https://www.blm.gov/press-release/blm-completes-environmental-assessment-dixie-meadows-geothermal-development-project
Headlines

Interest in geothermal energy grows, additional well added [in Boise]

http://www.ktvb.com/news/local/interest-in-geothermal-energy-grows-addtional-well-added/436163059

Rwanda to Release New Results on Geothermal Energy Potential

http://ktpress.rw/2017/05/rwanda-to-release-new-results-on-geothermal-energy-potential/

Potential and approach to geothermal energy development in the Arctic

http://www.thinkgeoenergy.com/potential-and-approach-to-geothermal-energy-development-in-the-arctic/

EDC plans $60 million retrofit of Tongonan geothermal plan

http://www.thinkgeoenergy.com/edc-plans-60-million-retrofit-of-tongonan-geothermal-plant/

Directional drilling to kick off Geretsried geothermal project in Germany again

http://www.thinkgeoenergy.com/directional-drilling-to-kick-off-geretsried-geothermal-project-in-germany-again/

World Bank – Global Geothermal Development Plan – an update

http://www.thinkgeoenergy.com/world-bank-global-geothermal-development-plan-an-update/

College of Southern Idaho OKs Purchase of Geothermal Aquifer

http://magicvalley.com/news/local/education/csi-oks-purchase-of-geothermal-aquifer/article_bcdfcf86-9b71-5dbf-87c4-a36716872236.html?utm_medium=social&utm_source=email&utm_campaign=user-share

5 common geothermal energy myths debunked (US DOE)

https://energy.gov/eere/articles/5-common-geothermal-energy-myths-debunked