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Figure 26.6 Ormat's in-house drilling company, GeoDrill, has over 100 employees and six rigs with the capability to drill to 18,000 ft (5,500 m). (Courtesy of Ormat Technologies) 26.4 Geothermal Market: Opportunities and Constraints Geothermal power plants generate baseload electricity with unparalleled reliability. This factor makes geothermal energy an invaluable contributor to the U.S. renewable energy portfolio and can reward developers and financers with lucrative PPAs and projects utilities desire. The key to growth of the geothermal industry is successful exploration of large plots of land. Developers must achieve valid results from the exploration and development process before evaluating the geothermal reservoir size. Ormat remains committed to this process with responsible exploration and development activity performed at more than 15 sites in the U.S. Federal and state policies have increased the risks and rewards that can be found in the renewable industry, especially in geothermal development. The American Recovery and Reinvestment Act of 2009 established valuable tax incentives along with ―placed in service dates‖ that have made it more imperative for developers to have the technical strength and expertise in finding a resource, securing capital and getting to commercial operation on time and on budget. 26.5 Research and Development To date, Ormat has taken on several research and development (R&D) projects in various applications. Among these are EGS, innovative exploration and drilling technology, and co- production with oil wells. These applications have been performed in many states, including Alaska, California, Hawaii, Nevada, Oregon and Wyoming. Ormat has worked with various institutions including universities and federal research labs. Further, Ormat is pursuing additional research opportunities through new U.S. Department of Energy (DOE) funding grants. Ormat has also sponsored and participated in technical conferences that advance R&D throughout the industry. These activities and projects are described briefly below. 286PDF Image | Geothermal Research and Tech IEA
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