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GEOTHERMAL ENERGY MARKET REPORT

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GEOTHERMAL ENERGY MARKET REPORT ( geothermal-energy-market-report )

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U.S. Geothermal Projects as of May 2007 U.S. Geothermal Developable Resource Estimate (WGA)* In Percent, by State (Source GEA) In Percent, by State, long-term 2025 (Source: WGA) *All are estimates for resources that are either projected or are developable resources in addition to currently installed capacity. Sources: Geothermal Energy Association, WGA Geothermal Task Force, see above. ALASKA Largest potential for the direct use of geothermal energy Current1 • A power plant at the Chena Hot Springs Resort 60 miles north of Fairbanks provides 0.4 MW of electricity. More small power units are expected to be installed at the site that will provide power and heat for the entire resort that serves 70,000 visitors each year. A larger 20 MW project is under development that could supply power needs for the population in Fairbanks. • Projectswithaninstalledcapacityof46-61MWareplanned • With the coldest climate of all U.S. states, Alaska also could benefit tremendously from utilising geothermal energy directly, e.g. for greenhouses, space heating etc. Alaska Geothermal Resource Areas2 Potential (WGA Geothermal Task Force Estimates) • Short term, near market (2015): 20 MW • Long-term(2025):50MW Renewable Energy Standards • There are currently no Renewable Energy or Portfolio Standards in place for Alaska Renewable Energy Incentives • There are no state incentives available to geothermal electricity production and geothermal heat pumps • Federalincentivesareavailable Electricity Production (2005)3 • TotalInstalledCapacity(NetSummerCapacity)1,890MW • Net Electricity Gen.: 6,577 GWh; Other Renewables ~ 0.5% Source: (1) GEA Developing Projects Update at: http://www.geo-energy.org/information/developing/Alaska/AK.asp (2) Department of Energy, via Idaha National Laboratory: http://geothermal.id.doe.gov/maps/ak.pdf, (3) EIA, Annual Data for Alaska, at: http://www.eia.doe.gov/cneaf/electricity/st_profiles/alaska.html September 2007 – Glitnir Geothermal Research 21

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