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2. Current Use for Reconstruction and Development supported by European Union climate policies (GEA 2010 Int’l, page 5). Opportunities for U.S. geothermal companies abound in the global market. In the near term, according to the National Export Initiative (NEI), “exports from the United States are likely to increase in the subsectors that currently enjoy a competitive advantage, including the drilling, financing, and engineering sectors, as well as the growing geothermal heat pump industry”(2010, pp. 18-19). NEI estimated U.S. exports totaled $70.1 million worth of geothermal equipment in 2009. The GEA produced an overview report of international geothermal markets in May 2012. Highlights from around the world include: Known potential estimates of geothermal resources in the East African Rift System range between 10,000 and 20,000 MW and remain largely undeveloped; Kenya has ~202 MW on line. Countries within Asia’s geothermal sector including Indonesia, the Philippines, and Japan are incentivizing the development of geothermal resources. Indonesia alone contains ~ 27,510 MW of potential geothermal resources, among the largest in the world. The majority of countries in Central America have developed a portion of their geothermal resources for utility scale power production. El Salvador and Costa Rica derive 24% (204 MW) and 12% (163 MW) of their electricity production from geothermal energy, respectively. Additional potential in the region has been estimated between ~3,000 MW and 13,000 MW at 50 identified geothermal sites. As of 2011, Europe had a total installed capacity of 1,600 MW for geothermal energy. There were 109 new power plants under construction or under investigation in EU member states. Within Europe, Italy is the market leader with over 50% of the European capacity. Iceland derives 25% of its electricity and 90% of its heating from geothermal resources and is often considered a model of transitioning indigenous practices to modern technology use. 23PDF Image | Green Machine Series 4000
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