For Immediate Release
Contact: Shawna Seldon
917 971 7852
Global Market for Geothermal Continues Upswing
WASHINGTON, D.C. (September 3, 2013)--The Geothermal Energy Association today released a new report showing continued strong growth signals in the international market for geothermal power. The report, 2013 Geothermal Power: International Market Overview, identifies 70 countries moving forward with nearly 700 geothermal power projects.
"The number of geothermal projects continues to grow as more and more countries recognize the potential economic and environmental benefits that geothermal power can bring," commented Karl Gawell, Executive Director of GEA.
"There are so many projects moving forward that just a year or two ago were ideas on paper. This demonstrates how quickly the geothermal industry is growing internationally," noted Ben Matek, the report's author.
Some of the report highlights are:
In many developing economies there is a growing middle class driving a demand for affordable electrical capacity. In regions such as East Africa and Central America a lack of carbon based fuel resources lead to reliance on high cost/high CO2 emission imported fuel oil. Geothermal provides a preferred indigenous fuel source for a least cost baseload energy supply, providing the much needed increase in capacity. POWER Engineers/Galena Advisors is working in these regions to implement the lessons learned in the world geothermal industry with a goal of providing efficient and cost competitive power plants,” said Mike Long, Vice President, Galena Advisors.
“Geothermal Resource Group has been pleased to provide consulting services and training for the recent expansion of geothermal development in East Africa, ongoing exploration in the Caribbean and Latin America, and the resurgence of development activities in Indonesia. We appreciate GEA collecting this valuable data that allows us to better focus our efforts in providing resource evaluation, drilling engineering and training services,” said Bill Rickard, President of Geothermal Resource Group.
“The international markets are continuing to see robust growth and expansion. Established and emerging international markets including Africa, Turkey, Latin America, Indonesia, and the Philippines present a tremendous opportunity for the United States to export renewable technology, professional expertise, capital finance, and geothermal support services to the needs of this global industry. These key foreign markets have played a significant role in TAS Energy's growth over the past three years with our geothermal technology, and over the past 15 years with our turbine inlet chilling solutions. We look forward to supporting the continued growth and helping the industry further expand to broader markets," said Steve Hummel, Director of Renewable Energy, TAS Energy.
Members of the international geothermal community plan to discuss their successes and emerging market opportunities at the GRC Annual Meeting & GEA Geothermal Energy EXPO in Las Vegas from Sept. 29-Oct. 2. This is the premier gathering to learn about the latest developments in geothermal energy, and brings together geothermal companies, academics, financiers, policy leaders, students, and other individuals. The GEA EXPO floor features a unique opportunity for leaders in the business to showcase their projects, equipment, services and state of the art technology to the geothermal community.
Limited exhibit space still remains but is selling quickly.
"The report underscores how exciting the Geothermal EXPO will be. Last year the EXPO had over 38 countries in attendance and we expect just as big of a turnout this year in Las Vegas starting September 29th," commented Kathy Kent, GEA's Events Director. For more information about the EXPO, go to:
The International Report executive summary is now available at:
www.geo-energy.org. The background data will be publicly released in early October. For more information or to request a press copy of the full report, please contact Shawna Seldon, The Rosen Group, 917 971 7852 or
About the Geothermal Energy Association:
The Geothermal Energy Association (GEA) is a trade association composed of U.S. companies who support the
expanded use of geothermal energy and are developing geothermal Resources worldwide for electrical power
generation and direct-heat uses. GEA advocates for public policies that will promote the development and
utilization of geothermal Resources, provides a forum for the industry to discuss issues and problems,
encourages research and development to improve geothermal technologies, presents industry views to
governmental organizations, provides assistance for the export of geothermal goods and services, compiles
statistical data about the geothermal industry, and conducts education and outreach projects. For more
information, please visit http://www.geo-energy.org/. Check out GEA’s YouTube Channel.
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