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In 2023 The Competency Alliance (TCA) founded a Geothermal Sector Council to focus on key skills and competencies required to support growth and development of the Geothermal Workforce. Allen Sinor was appointed to lead TCAs Geothermal Sector council and alliance member companies designated SMEs to join the council and focus on identifying skills that were transferable, skills that could be modified, and new skills required to support professional and technical personnel working in Geothermal. Over the course of the last 18 months a comprehensive competency map has been developed and 10 critical skills groups have been identified. The Sector council has also helped to prioritize the development of courses that will support employees in the Geothermal industry. We are excited to announce the Geothermal Energy Benefits and Applications Core https://buff.ly/4bRM3we was released in April and is now available on the TCA Website. This module is part of the Understanding Geothermal and Uses https://buff.ly/3Kdbcpv online learning series to be fully released later this year. We would like to thank our member companies for their continued support and contributions of time and expertise to the Geothermal Sector Council. We will be continuing to develop and release modules and full courses this year. If you’d like to get in touch with us and learn more about our work in Geothermal and other Net Zero and Renewable Energy Sectors please comment below or reach out to us directly at [email protected]. #PetroSkills #TCA #greenhousegases #renewablesindustry #renewableenergy #renewables #cleanenergy #netzero #energytransition #module #elearning

Geothermal energy could potentially be the unsung hero of the global efforts to decarbonise heating and energy. Although its been around for over 100 years maybe its time is now. The #InternationalEnergyAgency is issuing a new report – The Future of Geothermal Energy, which comes out on 13 December and highlights why geothermal could be one of the best bets for 2025. They highlight: ·       new technologies that enable access to previously untapped geothermal resources ·       cost reductions and innovative financing models which help overcome the high capital costs ·       Innovations which drive down costs and help tap geothermal resources deeper in the ground ·       And quantified technical and market potential of conventional and next-generation geothermal energy, suggesting measures that could help reduce risks, accelerate innovation and increase the bankability of projects, allowing for wider uptake. One area I find encouraging is that many of the new drilling innovations are being developed by companies that started off in the oil and gas industries. Many of us remember how the decline of the coal industry, while positive in reducing CO2 emissions and air pollution, led in many areas to the complete economic and social destruction of coalfield communities. Geothermal offers the ability to work with oil and gas communities through the energy transition and ensure that economically and socially, these communities are not left behind. The 20 or so companies from Europe’s oil capital, Aberdeen that attended GeoTHERM in Offenburg, Germany last year provide a positive demonstration that the transition to renewable heat and energy can work with and benefit from the skills and experience of the fossil fuel based energy sector. I look forward to reading the IEA report in full in December. https://lnkd.in/gC_x2gsk #geothermal #internationalenergyagency #geotherm

SCALING UP GEOTHERMAL POWER GENERATION TO REBALANCE THE ENERGY TRILEMMA The energy trilemma, balancing energy security, equitable energy access, and environmental sustainability) presents a significant challenge, especially in the face of growing demand from developing nations and the impacts of climate change. The potential of geothermal energy to help meet this challenge is undeniable. As heat is stored below the earth’s surface, it offers a consistent, renewable source of power that could make significant contributions to rebalancing the energy trilemma. The report “Scaling Up Geothermal Power Generation to Rebalance the Energy Trilemma” by KAPSARC and International Renewable Energy Agency (IRENA), highlight the current and potentially greater contributions that geothermal energy can make in rebalancing the energy trilemma, examine the technological innovation in the sector and propose policy options and recommendations to advance geothermal development at scale. Key takeaways of the report: ➡ Status and prospects for geothermal energy. As of now, most electricity generation prospects for geothermal energy are restricted to tectonically and volcanically active areas. However, recent innovations, such as enhanced geothermal systems and closed-loop systems, allow for geothermal energy to be accessed nearly anywhere. ➡ Policies and legal and regulatory frameworks. Geothermal development requires a multidisciplinary approach with multiple stakeholders, such as governments, industries, financial institutions, and academia, to overcome barriers to adoption. Geothermal projects require robust legal regulations to ensure a fair playing field. ➡ Financing, investment strategies, and risk mitigation schemes. Sustainable finance can help mobilize capital toward geothermal projects by leveraging innovative financing models, such as green certificates and carbon credit bond issuance. ➡ Interdependencies between geothermal and Oil and Gas industries. The O&G industry’s knowledge of the subsurface, based on the vast amount of data it possesses, as well as the technical skills, technology solutions, operational efficiency, and fiscal meticulousness it has developed, can all play a crucial role. ➡ Geothermal technology ecosystem #geothermal #energy #oilandgas #reservoirs #power #heating #development #climatechange #wells #O&G #energytrilemma #regulatory

🌐 We're excited about recent developments within #geothermalenergy. 🌍 Last week, a letter authored by the European Geothermal Energy Council (EGEC) and supported by over 200 stakeholders in the geothermal value chain was sent to the President of the European Commission, urging the development of a comprehensive geothermal strategy and action plan. 🚀 Such plan not only unlocks the immense potential for large-scale geothermal energy development in Europe but also paves the way for an affordable and accessible energy transition for everyone involved in advancing the #geothermal sector. One of the key points in the letter requested a clear plan for utilising geothermal energy for district heating. We are proud to have been involved in drilling the three #geothermal appraisal wells for the Innargi #Aarhus geothermal project. If everything proceeds according to plan, the Aarhus geothermal plant will become the EU's largest geothermal district heating system. 🔍 According to a report published earlier this year, #geothermalenergy is poised to supply up to 75 percent of European heat consumption and 15 percent of electricity consumption by 2040. 🌞⚡️ The recent actions mark a significant leap toward sustainable and renewable energy solutions. 🎉🌿 Read the full text of the letter here https://lnkd.in/evVMVaJw

Where is the future of #Geothermal? In the global push for renewable energy, geothermal power often flies under the radar—but its promise is undeniable. Unlike intermittent sources like wind and solar, geothermal offers reliable baseload electricity, making it an interesting piece of the energy transition puzzle. The U.S. Department of Energy (DOE) announced an investment of up to $31M into geothermal projects across the country. Today, however, geothermal only represents less than 0.5% of global renewable capacity. So, why hasn’t geothermal reached its full potential? High Costs and #Risks: Exploration and drilling expenses can escalate quickly, with no guarantee of success. Geographical Limitations: Traditional geothermal relies on naturally occurring hot spots, restricting its reach to specific regions. #Technical Challenges: Enhanced geothermal systems (EGS) are promising but remain largely experimental due to cost and induced seismicity concerns. Advances in all areas of geothermal tech are needed to break down these barriers and widen adoption. Innovations to keep an eye on are advancements in #supercritical drilling which has the potential to access supercritical fluids that provide up to 10x the energy output of conventional wells. New drilling techniques, like plasma-assisted and high-temperature drill bits, will enable access to these deeper and hotter rock formations. #Downhole generators allow electricity to be generated directly within the wellbore and reducing surface infrastructure needs. #Conductivity remains a key efficiency driver; #nanotechnology and other developments that enhance heat transfer in working fluids show promise in making energy extraction more efficient and cost-effective. Flathead Forge research supplemented by findings from the International Renewable Energy Agency (IRENA) and U.S. National Renewable Energy Laboratory. At Flathead Forge, our focus is on energy’s critical #dependencies on water and other #critical resources. We achieve this by investing in differentiated products and services that act as the ‘picks and shovels’ for all forms of #energy, making energy systems more scalable and sustainable.

GEOTHERMAL NEXT GENERATION In the recent report "Pathways to Commercial Liftoff: Next-Generation Geothermal Power " from the U.S. Department of Energy (DOE), highlights the role of geothermal next-generation technologies Main takeaways: ✔ Geothermal power technology has shown compelling advances that can enable it to become a key contributor to secure, domestic, decarbonized power generation for the U.S. as a source of clean firm power ✔ Conventional geothermal, although always valued as a source of utility-scale clean firm power, has been dramatically constrained by its geographic limitations, relying on naturally-occurring thermal resources that only exist in niche locations ✔ “Next-generation” technologies have the potential to engineer effective geothermal resources in commonly found environments, vastly expanding resource availability and potential commercial adoption. Although a nascent industry, next-generation geothermal enjoys several starting advantages, including transferrable technology, supply chains, and workforces from the oil & gas sector, that will help it achieve rapid scale. ✔ Economy wide decarbonization modeling suggests that the U.S. will need an additional 700-900 GW of clean firm capacity to build a decarbonized grid system capable of supporting increased demand ✔ Next-generation geothermal has a unique value proposition, including minimal workforce and supply chain risk, low land use, and flexible generating capability The next-generation geothermal industry faces five major challenges it must overcome to achieve liftoff and scale:  1️⃣ High up-front costs & risks constraining development capital and limiting geographic reach 2️⃣ Perceived & actual operability risk for deployments  3️⃣ Long and unpredictable development lifecycles driven by permitting and interconnection  4️⃣ Existing business models undervaluing the potential of next-generation geothermal  5️⃣ Community opposition in some instances Read full report 👉 https://lnkd.in/d44xrt6F #geothermal #geothermalenergy #nextgeneration #technologies #energy #clean #potential #electricity #heating #energytransition #energysecurity #decarbonization Gabrijel G.

Upcoming webinar: Building the Global Geothermal Market: A Sustainable Energy Frontier. We are thrilled to announce an upcoming webinar that explores the potential and future of geothermal energy on a global scale. 📅 Date: 18th of April 2024 ⏰ Time: 5pm GMT+1 🔗 Register here: https://lnkd.in/eUgJf6JX This webinar will feature insightful discussions with industry experts, showcasing innovative technologies, and exploring sustainable practices that are shaping the future of geothermal energy. Webinar Speakers: Marit Brommer, Chief Executive Officer Helen Robinson MGeol, MSc, FGS, Regional Manager Africa Key Topics: 🔹 Global Geothermal Market Trends 🔹 Technological Innovations in Geothermal Energy 🔹 Sustainable Practices and Environmental Benefits 🔹 Investment Opportunities and Market Growth Whether you are a seasoned professional, a student, or simply curious about geothermal energy, this webinar offers valuable insights and networking opportunities. Don't miss out on this chance to be part of the conversation that is driving sustainable energy solutions forward. Register now and secure your spot! #GeothermalEnergy #SustainableEnergy #RenewableEnergy #Webinar #GeothermalIreland #CleanEnergyFuture See you there! 🌱🌍💡

Geothermal Power Generation...

The U.S. Department of Energy (DOE) plan for geothermal energy by 2050 Next-generation geothermal power technology can provide a clean and reliable source of energy for the U.S. It has the potential to engineer adequate geothermal resources in commonly found environments, vastly expanding resource availability and potential commercial adoption. Recent field-scale pilots already provide a compelling roadmap for cost reductions necessary to achieve widespread commercial adoption of next-generation geothermal power. Next-generation geothermal has unique advantages, including minimal workforce and supply chain risk, low land use, and flexible generating capability. It can command a price premium and is on track to achieving ambitious targets. Phase One: Reaching Liftoff To reach commercial liftoff, next-generation geothermal developers must: 1. Demonstrate engineering capabilities in locations without existing resources to prove market opportunity. 2. Conduct successful demonstration projects in geologic settings to reduce development risk. 3. Unlock debt financing earlier in project development. 4. Deploy 2-5 GW across 4-6 states with a $20-25B investment to provide the required validation suite to reduce risk in new locations. Phase 2: Achieving Scale To achieve commercial scale, the geothermal industry should: 1. Invest $225-250B and expand proven Phase 1 developments. 3. Unlock access to lower-risk financing to expand the capital pool for Phase 2. 4. Develop new geothermal resources to prove the viability of further geothermal resources. 5. Expect the entry of new developer classes and sources of investment as the industry matures. 6. Develop projects using a traditional project finance model to become fully mature and de-risked. #icws #geothermalenergy #report #energysecurity #energytransition #climatetargets #decarbonization #energyinvestment Read the report here: https://lnkd.in/eZJ_vJPg

Global Expansion of Geothermal Energy Through Government Support Recent technological advancements and substantial government funding have sparked significant growth in the geothermal energy sector worldwide. This clean energy source is gaining momentum as countries seek to diversify their energy mix and reduce dependence on fossil fuels. The technology involves drilling boreholes several kilometers deep to access rocks at approximately 200°C, then injecting water and sand at high pressure to create fractures that enable hot water extraction for electricity generation. Enhanced geothermal systems (EGS), adapted from oil and gas industry fracking techniques, have further improved this process. In the United States, two significant bills - the CLEAN Act and HEATS Act - recently passed in the House, aiming to streamline federal permitting for geothermal power plants. The Department of Energy has invested billions in research and development, projecting that $25 billion in near-term investment could significantly expand domestic geothermal power generation. Europe is also making strides, with EU lawmakers backing initiatives to boost geothermal output, particularly in the Netherlands, western Germany, and Belgium. Currently, geothermal energy contributes just 0.2% of EU electricity generation, below the global average of 0.5%. Germany has emerged as a regional leader, alongside Turkey, Italy, France, and Croatia, with significant investments in new projects like the Laufzorn II geothermal heating plant. In Asia, China leads as the world's fastest-growing geothermal heat market, achieving a compound annual growth rate of over 21% between 2015 and 2019. Other Asian nations, including Indonesia, the Philippines, Japan, and South Korea, are also expanding their geothermal capabilities, with Indonesia adding 90 MW of new capacity through three power plants scheduled to begin operations soon. This global expansion is supported by both public and private sectors, including technology companies investing in geothermal energy to meet growing electricity demands for advanced technologies. source : https://lnkd.in/dTJayXW3 #GeothermalEnergy #CleanEnergy #RenewableEnergy #EnergyInnovation #SustainableFuture