GEA is pleased to hold the 2016 Showcase with support from the US Trade and Development Agency, US Department of Energy Geothermal Technologies Office, US Agency for International Development, US Department of State, Overseas Private Investment Corporation, The World Bank, United States Energy Association, and the Geothermal Resources Council.
The Environmental and Energy Study Institute (EESI) and Geothermal Energy Association (GEA) had a briefing highlighting the state of the geothermal energy industry and its near-term prospects in the United States and in more than 80 other countries working to expand its use. With demand for clean energy accelerating around the globe, geothermal energy has major potential as a renewable resource that can provide power around-the-clock, complementing intermittent renewable power technologies. The International Renewable Energy Agency (IRENA) launched the Global Geothermal Alliance at COP-21 in Paris this past December to achieve a 500 percent increase in global installed capacity for geothermal power generation and a 200 percent increase in geothermal heating by 2030
Global market demand for geothermal development has been growing faster than U.S. demand due to support from Power Africa, the World Bank, IRENA and other multilateral organizations. Kenya now produces 51 percent of its electricity from geothermal sources, and with the formation of the Global Geothermal Alliance, many countries are investing in the expansion of their geothermal programs.
This briefing was being held in conjunction with the U.S. & International Geothermal Energy Showcase in Washington, DC. The showcase will be held on March 17, bringing together participants from across the globe to discuss the future of the geothermal industry, cutting-edge technologies, how to stimulate geothermal industry growth, and more. The showcase will also mark the release of GEA’s 2016 Annual U.S. and International Geothermal Power Production Report.