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Geothermal Energy Annual Report 2004

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Geothermal Energy Annual Report 2004 ( geothermal-energy-annual-report-2004 )

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III. NATIONAL ACTIVITIES SYNOPSIS Several events and activities may be highlighted for the 2004 US geothermal programme, including: the passing of the production tax credit, which includes an expansion of the renewable energy production tax credit to geothermal electricity; the scaling-back of CalEnergy’s zinc extraction from geothermal fluid operation. The US DOE Geothermal Technologies Program seeks to make geothermal energy the Nation’s preferred base-load energy alternative, with the mission to work with US industry to establish geothermal energy as an economically competitive contributor to the US energy supply. The Program has three strategic goals: to decrease the levelized price of geothermal generated electricity to less than 5 US cents/kWh by 2010; increase the economically viable geothermal resource to 40,000 MWe (hydrothermal and EGS) by 2040; and decrease the levelized cost of EGS to less than 5 US cents/kWh by 2040. Top priority has been given to technology development of EGS. The US DOE Geothermal Technologies Program has set a goal of reducing the cost of geothermal electricity to competitive levels through improvements in technology and expansion of the geothermal resource base by 2010. The Production Tax Credit will contribute to bringing additional geothermal resources on line. The US DOE works in partnership with US industry to conduct geothermal research, development and deployment in: EGS, exploration, well field construction, power systems and energy conversion, and institutional barriers. There are a large number of geothermal education activities in the US, including: education at the graduate level, through a university research programme, and for the public, teachers and students nationwide through the Geothermal Education Office (GEO). The Geothermal Resources Council and the Geo-Heat Center at the Oregon Institute of Technology also provide additional education services; and several universities have geothermal research centres. 7.4 References Bertani, R. (2005) World Geothermal Generation 2001-2005: State of the Art. Proc. World Geothermal Congress 2005, Antalya, Turkey, 24-29 April 2005. Fridleifsson, I.B. (2004) 25 years of geothermal training in Iceland. IGA News No.55, January-March 2004, 5. Lund, J.W., Freeston, D.H. and Boyd, T.L. (2005) World-wide direct-uses of geothermal energy 2005. Proc. World Geothermal Congress 2005, Antalya, Turkey, 24-29 April 2005. Mongillo, M.A. (2005) Savings factors for geothermal energy utilization. IEA Geothermal Implementing Agreement document, January 2005. Author: Mike Mongillo, IEA GIA Secretary, Institute of Geological and Nuclear Sciences Limited, Wairakei, New Zealand. Contact: Mike Mongillo; mongillom@reap.org.nz; iea-giasec@gns.cri.nz IEA Geothermal R&T Annual Report 2004.doc 51

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