“Largely untapped, geothermal energy has the potential to become a major source of renewable energy in Alberta and across Canada. It’s clean, leaves a small environmental footprint, and it works as both a baseload and a dispatchable power supply. That is, once in production, geothermal energy can produce electricity on demand, day or night- unlike the green energy that relies on less predictable patterns of wind and sun.”
APEGA highlights opportunities for the Canadian geothermal energy industry in its Winter Issue this month, stating that the decommissioning of coal plants, the need for local power, and technology transfer opportunities with the oil and gas and mining sectors makes geothermal a solution to a number of its energy needs. Amongst those interviewed include Alison Thompson, Chair of CanGEA and Borealis GeoPower’s Craig Dunn, who speak about opportunities for geothermal power in Canada and the roadmap in getting this power to market.
Dr. Michael Moore, Professor of energy economics at the University of Calgary’s School of Public Policy rang his belief in geothermal energy audible: “There’s huge potential in Alberta to feed geothermal energy to the power grid, along with solar and wind power. With growing environmental concerns, we must investigate alternatives to fossil fuel,” he says. “Having a diverse system is in everyone’s best interest.”
Read the PEG_Winter2014.
P Squared Renewables Inc.