Geothermal Energy
Geothermal Energy
Electricity
• Electricity is produced by geothermal in 24 countries, five of which
obtain 15- 22% of their national electricity production from geothermal
energy.
• The world geothermal electricity production increased by 16% from
1999 to 2004 (annual growth rate of 3%).
• Ten developing countries are among the top fifteen countries in
geothermal electricity production.
Direct use: -
• Direct application of geothermal energy (for heating, bathing etc.) has been
reported by 72 countries.
• China is on top of the list of countries on direct use.
• Direct use increased by 43% from 1999 to 2004 (annual growth rate of
7.5%).
Geothermal heat pump
• Geothermal heat pumps (GHPs) are one of the fastest growing applications
of renewable energy in the world today.
• In the USA, over 800,000 units have been installed at a rate of 50,000 GHP
units annually with a capacity of over 9,600 MW.
Pros & Cons:
Pros: Cons:
▪ Environment friendly ▪ Environmental issues
▪ Renewable and sustainable ▪ Surface instability
▪ Massive potential ▪ Location-specific
▪ Heating and Cooling ▪ High initial cost
Growth of Renewable Energy:
What the Future holds?
Growth of geothermal energy : what does future
holds?
Geothermal Capacity Will Increase 28% By 2024
• The US market for geothermal heat pumps will exceed $2 billion by
2024 as demand for efficient heating solutions increases.
• According to a study by the US government, the global base of
geothermal resources is greater than gas, oil, coal and uranium taken
together.
• Geothermal capacity is anticipated to grow 28%, reaching 18 GW by
2024, with Asia responsible for one-third of global expansion,
particularly Indonesia and the Philippines, followed by Kenya, whose
geothermal capacity is set to overtake Iceland’s during the forecast
period.
Conti…
• At the same time, other researchers are of the opinion that geothermal
energy is a limited resource, although geothermal activity can usually
range from 5,000 to 1 000 000 years, which qualifies it as a renewable
resource.
• This should not be surprising as some countries are profiting from the
presence of geothermal energy on a larger scale.
• The most famous example is Iceland, whose electricity is 100% stable
and uses wind energy, hydropower and, most of all, geothermal
energy.
• In early
January 2019, the
government of Canada
announced that it will provide
substantial funding for the
country’s first geothermal power
plant.
• Thereis a positive investment
climate in this renewable source.
• Geothermal energy is a
promising future.
Energy prospects in Pakistan: