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U.S. Geothermal Power Production and Development Report Dan Jennejohn Research Associate, GEA May, 2011

U.S. Geothermal Power Production and Development Report Dan Jennejohn Research Associate, GEA May, 2011. Report Overview . Yearly assessment of geothermal industry activity Progress of projects being developed by industry throughout the US ~40 Companies involved (mostly developers)

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U.S. Geothermal Power Production and Development Report Dan Jennejohn Research Associate, GEA May, 2011

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  1. U.S. Geothermal Power Production and Development Report Dan Jennejohn Research Associate, GEA May, 2011

  2. Report Overview • Yearly assessment of geothermal industry activity • Progress of projects being developed by industry throughout the US • ~40 Companies involved (mostly developers) • Status of Federal support to the Industry • ARRA and Annual Appropriations • Status of ARRA Funding • Funding to which geothermal technologies?

  3. Gathering Project Information • New Geothermal Reporting Terms and Definitions • Four Phase System • Phase I: Resource Procurement and Identification • Phase II: Resource Exploration and Confirmation • Phase III: Permitting and Initial Development • Phase IV: Resource Production and Power Plant Construction • Two Capacity Values • Resource Estimate – MW value of recoverable energy from the reservoir • Planned Capacity Addition (PCA) Estimate – Portion of the resource estimate being developed for electricity production • Advantages • More Robust Reporting System • Transparent http://geo-energy.org/reports.aspx

  4. Overview: US Installed Capacity • Total Capacity: • 3102 MW • 2010 Capacity Addition: • 15 MW, Nevada, Ormat • States with Capacity (MW): • California, 2566 • Nevada, 442 • Utah, 42 • Hawaii, 35 • Idaho, 16 • Alaska, 0.73 • Oregon, 0.28 • Wyoming, 0.25 • New Mexico, 0.24

  5. US Installed Capacity • Geothermal Capacity Additions in 2010: 15 MW, Nevada • Annual 2010 addition (15 MW) down from 2009 (176 MW) • Economic Downturn made project financing more difficult • Permitting process delaying some projects

  6. Development Moving Forward • Projects in Development in 15 States • 146 Identified Developing Projects • 123 “Confirmed” Projects • Development Concentrated in Western US • Nevada, 65 projects • California, 30 projects • Utah, 12 projects • Idaho, 11 projects • Oregon, 9 projects

  7. Capacity in Development • Confirmed Geothermal Resources in Development: 3633 – 4050 MW • Confirmed + Unconfirmed Resources in Development: 4448 – 5040 MW • Planned Capacity Additions (PCA) in Development: 1377 – 1393 MW • Advanced Phase PCA (Phase 3 and 4): 756 – 722 MW 0.4

  8. Project Field Type • Industry increasingly Developing “Greenfield” Projects • Of the 146 identified projects: • 111 in “Unproduced” areas, • 15 in “Produced” areas • 10 are expansions to existing power plants • 5 are oil and gas coproduction demos • 4 are EGS demos • 1 Geopressure demo

  9. States w/Capacity, 2005 NV UT CA HI

  10. States w/Capacity vs Development, 2011

  11. States w/Geothermal Vendors

  12. Overview: Federal Incentives/Funding • Renewable Energy Cash Grant: • Used in place of PTC/ITC • = 30% tax credit for eligible portions of capital investment • Must begin construction by the end of 2011 • Must be placed in service by the end of 2013 • ~$263M allocated to utility-scale geothermal since 2009 • ~$5M allocated to GHP since 2009

  13. Federal Incentives • DOE Loan Guarantee • Energy Policy Act of 2005 • Amended by ARRA in 2009 to include Section 1705 • Provides Loan Guarantees for renewable energy projects • Reduce GHG emissions • Employ new renewable energy technology • Commence construction by September 30, 2011 • Provided Loan Guarantees to two geothermal projects • $78.8M, Nevada Geothermal Power, Blue Mountain (Faulkner 1) plant, 49.5 MW • $98.8M, U.S. Geothermal, Neal Hot Springs development project, 23 MW

  14. Incentives Continued • Production Tax Credit (PTC) – no coupling with ITC • 2.2¢/kWh • 12/31/2013 in service deadline for geothermal • Investment Tax Credit (ITC) – no coupling with PTC • Permanent 10% credit • 30% credit for facilities placed in service by 12/31/2013 • State Renewable Portfolio Standards (RPS) • CA: 33% by 2020 • CO: 30% by 2020 (investor owned utilities) • HI: 40% by 2030 • NM: 20% by 2020 (investor owned utilities) • NV: 25% by 2025 • OR: 25% by 2025 (large utilities), 10% by 2025 (small utilities) • UT: 20% by 2025 (% of adjusted retail sales)

  15. Federal Funding • American Recovery and Reinvestment Act (ARRA) • Innovative Exploration and Drilling (IET), $97.2M, 24 projects • EGS Components R&D, $80.8M, 30 projects • Geothermal Heat Pumps, $65.5M, 37 projects • EGS Demos, $44.2M, 3 projects • National Geothermal Data System, $33.7M • Coproduced, Geopressured, and Low Temp. Demos, $18.7M, 10 Projects • National Lab Geothermal R&D, $23.7M

  16. Progress of Funded Projects • 122 Projects Receiving ARRA Funding: • Completed: 1 project • >50% Complete: 18 projects • <50% Complete: 98 projects • Not Started: 1 project • Unaccounted for: 4 projects

  17. Federal Funding Continued • FY 2010 Annual Funding • $17.2M to seven projects • Low Temp, 4 projects, $7.2M • Oil and Gas Coproduction, 1 project, ~$1M • Geopressured, 2 projects, $9M • $63.8M Industry Cost Share

  18. Thank You! www.geo-energy.org Dan Jennejohn Research Association danj@geo-energy.org 202.454.5261

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