A global scale-up of geothermal energy
will require major mobilization of private sector investments facilitated by risk mitigation mechanisms that include using concessional funding from public resources, climate finance and guarantees.
Besides electricity, geothermal energy
provides direct heat to industrialists.
The meeting, entitled: 'Working Together to Promote Geothermal Energy
Towards a Sustainable Energy Future' - the largest such meeting of ministerial representatives to discuss geothermal energy
- was marked by the release of a new report from the International Renewable Energy Agency (Irena), coordinator of the GGA, in which access to capital for surface exploration and drilling was cited as the main barrier to geothermal development.
Entitled: 'Working Together to Promote Geothermal Energy
Towards a Sustainable Energy Future' the conference will bring together private and public sector representatives to address and overcome barriers that have hindered the deployment of geothermal despite its vast potential.
This project started in January of this year with the goal of understanding the possibility of using geothermal energy
in the UAE, and so we wanted to study the geothermal areas, gathering as much data as possible," explained Dr Hakim Saibi, associate professor of geophysics at UAEU, and one of the researchers involved with the project.
Currently only 5 per cent of geothermal energy
is being used in New Zealand.
derives from the heat of magma within the Earth, ranging from 700[degrees]C to 1,300[degrees]C, and is used to heat cold water and produce electricity.
Keywords: geothermal energy
, renewable energy, European Union
According to NGAP, the DOE strategy should apply new development technologies to what previously were considered to be second-tier resources, such as technologies that could use acidic and young geothermal systems, development of low-heat geothermal systems and the direct use of small-scale geothermal energy
In addition to the Technical Program the three-day registration to the GRC Annual Meeting includes an Opening Reception on Sunday evening, a Network Reception on Tuesday and entry to the Geothermal Energy
Association (GEA) Energy Expo.
9 billion) for geothermal energy
, which is generated from within the earth, including molten magma, hot rocks and hot water found beneath and at the surface.
As a clean, base-load, 24/7 source of energy, we believe that geothermal energy
has a tremendous potential in Germany.