leaThe Future ofGeothermal Energy
INTERNATIONALENERGYAGENCYexaminesthefulIEAMemberIEAAssociationcountries:jandAustraliaArgentinacoademand, reewableenergytechnologies,ectricity markets,energyefficlency.RepublicIndonesiaocess toenergy,demand sideKenyamanagent and muchMoroccoe.Through its work,SenegaltheIEAadvocatesgaporelicies that will enhanceouth AfricaHungaryThailandaffordability andrelandUkrainestainabilityof energyAssociationcountriesand beyond.PortugalSlovak RepublicSwitzerlandRepublic of TurkiyeUnitedKingdomUnited StatesThe EuropeanCommission alsoparticipates in theleaEnergyAgency
The Future of GecthermalEnergyAbstractAbstractThis special report focuses on geothermal, a promising and versatile renewableenergy resource with vast untapped potentil fr electriciy generation, heatingand cooling. Geothermal has been a part of energy systerms for more than 100years, but it has played a limited role on a global scale. Now, the geothermalindustry is at a criticaljuncture.New technologies are enabling access to previously untapped resources, while cost reductions and innovative financing models are paving the way for increasing geothermal's role in energy systems around the world. Additionally, techniaues developed by the oil and gas industry -including a strong understanding of thesubsurface, dilling and completing wels, predicting fluid flows and manaainalarge-scaleprojects-canrapidlydrivedowncosts andhelp tap geothermal resources deeper in the ground.However, to sucesul scale up geothermal energy, a number of challengesneedtobeaddressed,including projectdevelopment risks, permiting andlicensing processes, environmental concerns and social acceptance.This reponquantifiesthe technical andmarket potential of next-generation geothermal andsuggests measures that could help reduce risks, accelerate innovation andincrease the bankability of conventional and next-generation projects, allowing forwidergeothermal uptake.0FA80019PAGE|3
The Future of Geothermal EnergyAcknowledgmentsAcknowledaements contributorsand creditsThis study was prepared by the IEA's Directorate ofMarketsandSecuritydirected bv Hevmi Bahar. Senior Renewable Energy Analyst and Brent WannerHead of Power Sector Unit. Christophe McGlade, Head of Energy Supply Unitcoordinatedtheanalysis on the role of theol and gassector.The report benefitedfrom analysis, drafting and input frommultiple colleaques. The lead authors ofthe repot were Vasilos Anatoitis, Piotr Bojek, Frangois Briens, Enic Buisson, TrevorCriswel, Julie Dallard, Eric Fabozi, Martin Kueppers, Martina Lyons, Laura ManMartinez, Brieuc Nerincx, Jonatan Olsen, Nikolaos Papastefanakis. MaxPeterZeniewski.Valuable comments. feedback andauidance wereprovidedbyothersenioimanagement and numerous other colleagues witin the IEA, in particulaKeisukeSadamori,TimGould.LauraCozziandPaoloFranklOtherIFAcolleagues who have made important contributions to this work indudeYasmine Arsalane, Chiara Delmastro, Syrine E Abed, lka Hannula,Jeanne-MarieHays, RafaelMartinezGordon,Ryszard...
