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GLOBAL GEOTHERMAL ENERGY POTENTIAL • The International Geothermal Energy Association has looked at different estimates for geothermal energy potential. The estimates referred to here look at the “accessible resource base”, which includes the “identified economic resource (the Reserve) – that part of the resources of a given area that can be extracted legally at a cost competitive with other commercial energy sources and that are known and characterized by drilling or by geochemical, geophysical and geological evidence.” This compiles all existing data to provide a “minimum-maximum expected potential for geothermal exploitation”, individually for electricity generation and direct use. • The direct use potential draws an even more promising picture, with an extrapolation of 140/700 TWh/year until 2020, a minimum of 30,000 GWth (100,000 TWh/year) and a maximum of 50,000,000 GWth (170,000,000 TWh/ year). • For electricity generation the potential is given with an extrapolation to the year 2020 of 40 GW installed capacity (or 300 TWh/ year), a minimum potential of 140 GW (1,000 TWh/ year) and a maximum potential of 6,000 GW (40,000 TWh/ year). To put this into perspective, today’s total electricity generation is 17,530 TWh, so geothermal could provide from 10 percent to up to 100 percent of the electricity needs of today’s electricity demand. Source: IGA, Glitnir Research September 2007 – Glitnir Geothermal Research 10 Sources: Lund, J.W., Freeston, D.H. and Boyd, T.I. (2005). Direct application of geothermal energy: 2005 worldwide review. Geothermics, Vol. 34, 690-727; Bertani, R. “What is Geothermal Potential”, International Geothermal Association Quarterly No.53 (July-September 2003) retrieved on December 28, 2007, at: http://iga.igg.cnr.it/documenti/IGA/potential.pdfPDF Image | GEOTHERMAL ENERGY MARKET REPORT
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