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prospects of geothermal energy in the national target still do not seem significant because the government program mainly focuses on the three major items for electricity generation, such as photo voltaic, wind power and fuel cells. Fortunately, however, the importance of geothermal utilization is being acknowledged by the government and the public side and geothermal‘s share of the market stimulating incentive has become significant. Therefore, we can see some remarkable progress of GHP installation in recent years. Increases in GHP installation and energy uses are illustrated in Figure 15.1. The values are based on officially reported installations and we expect the actual number of installations is bigger than reported. Figure 15.1 Increasing trend of GHP installation (left) and annual energy uses (right). (Data from Korea Energy Management Corporation; estimates for 2010 based on the amount of subsidy and plan reported according to the ̳Mandatory Act‘). Note that ̳Energy Uses‘ accounts for total energy from GHP. 15.2.4 GovernmentExpenditureonGeothermalResearchandDevelopment(R&D) In 2010, total investments by government amounted to some US$ 8.75 million (currency rate being US$ 1 ~ 1,277 KRW as of 1 July 2010) including: Development of geothermal resources for combined heat and power generation: US$ 2.37 million Development of commercial technology of MWe level geothermal power generation: US$ 3.26 million Policies and various GHP utilization and demonstration programs: US$ 3.12 million Government R&D expenditure increased by a considerable amount due to the newly launched EGS pilot plant project (US$ 3.26 million). Table 15.1 Geothermal R&D expenditure for the period 2005-2010. Geothermal R&D Expenditure (US$ 1,000s)* Government Industry Total 2005 2006 2007 2008 5,979 6,943 7,792 6,914 881 1,148 1,800 1,383 6,860 8,091 9,592 8,297 2009 7,760 1,800 9,560 2010 8,750 2,000 10,750 * US$ 1 = 1,000 KRW until 2009 and 1,227 KRW for 2010 - Note that there was considerable increase in 2010 considering more than 20% of currency rate change 169PDF Image | Geothermal Research and Tech IEA
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