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World Market/Export Opportunities The world market for geothermal power has shown strong growth in recent years and is expected to outpace the US market for the immediate future. For example, the European Geothermal Energy Council recently estimated that Europe will surpass both California and the US in geothermal power production in a decade or so, despite the fact that it is generally viewed as having lower grade geothermal resources (according to the presentation by EGEC at the GEA International Geothermal Showcase, May 2012). Today, over two dozen countries are developing new power projects, each involving hundreds of megawatts and more (see Geothermal International Market Overview Report, April 2012, at http://geo-energy.org/reports.aspx). GEA has recently identified 70 countries considering expanding their geothermal efforts (see Geothermal Energy International Market Update, May 2010, at http://geo-energy.org/reports.aspx). The figure below from the Geothermal International Market Overview Report shows the growth in US and global installed geothermal power capacity: California has benefited from the international geothermal market in the past, and the current growth offers significant economic and job opportunities for the state’s geothermal companies. Notably, the California Energy Commission has had programs in the past supporting US exports to Indonesia, the Philippines and other countries that resulted in billions of dollars in US goods and services being sold. GEA has estimated, based on an internal industry survey, that over 60% of the geothermal companies in the US are active in the world market today. To mention just a few examples, Atlas Copco manufactures power plants in California for shipment to international markets including Turkey; ThermaSource provides geothermal drilling services to projects in Chile; and the Geothermal Resource Group, GeothermEx and SAIC provide expert consulting/engineering services in numerous countries in Europe, Asia, Latin America, Africa and the Western Pacific. 7PDF Image | Geothermal Energy Association
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