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SUMMARY OF KEY ADVANTAGES OF GEOTHERMAL ENERGY • Base-loadpower(capacityfactor)1 - 24 hours a day (e.g. wind powered energy requires more than double the installed capacity of geothermal power to supply electricity to the same number of households) - Availability of electricity throughout peak hours - Flexibility in being shut-down/ turned on if needed • Pollutionprevention - Geothermal power plant emits 35 times less carbon dioxide (CO2) than the average U.S. coal power plant per kilowatt of electricity produced (NREL) • Landuse - Geothermal uses by far the least land for electricity production per billion kWh compared to all other renewables. • SocialEconomics2 - National security advantage of having a resource on one’s own soil - No dependence on outside factors, such as oil prices, weather etc. - Potential for rural development around power plants - There is far greater job creation potential within the geothermal industry than within other renewable energy sectors • Electricitycosts - USD 0.05-0.08/ kWh - way below solar and other renewables - Direct use/ Energy & Fuel Cost Savings - Extensive savings on fuel costs through geothermal (up to 5-8 percent of operating cost, DOE) Sources: (1) See also: NREL, at: http://www.nrel.gov/analysis/power_databook/docs/pdf/db_chapter12_2.pdf, (2) See also a detailed analysis by GEA, “Kagel, A. – Socioeconomics and Geothermal Energy”, at: http://www.geo-energy.org/publications/power%20points/SocioeconomicsKagel.ppt September 2007 – Glitnir Geothermal Research 8PDF Image | GEOTHERMAL ENERGY MARKET REPORT
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