Part of the reason for this enthusiastic development was the reliability of
geothermal resources. Unlike the other sustainable energy sources such as wind
or solar, geothermal resources provide firm power, 24 hours per day, 365 days
per year. It is not unusual to find geothermal plant with annual availability
factors in excess of 98 %, so load factors can be high, the energy supplied by
geothermal is some 3.5 times greater than for wind plant. This firmness in itself
can be a considerable asset to the utilities.
By the early 1980's, however, fossil fuel supplies had stabilized and prices
were falling in real terms. For a technology that required a high initial capital
investment and achieved its returns in terms of saving on fossil fuels, that was
bad news. Coupled with the fact that this was a period of high interest rates and
that – at least in new areas –the geological risk (and hence risk to the invested
capital) is high, 1985–1995 was essentially a period of stagnation for geothermal
development. There is evidence that this situation is now changing, and that we
may be entering into the sixth age of geothermal development – one in which
the environmental and other advantages of geothermal development (by
comparison with other energy sources, be they fossil or renewable) begin to be
recognized by a wider public. If this is true, we can expect this sixth age to
merge imperceptibly into a seventh age early in the next century when new
technologies – for which the research started in the 1970's – will extend the
opportunities for geothermal usage to geographically and technically wider
areas.
Not only are the better geothermal zones increasingly well understood,
but techniques of exploration and interpretation are becoming increasingly
9
sophisticated – thanks, again, to the hydrocarbons industry which relies on
essentially the same range of technologies. Geothermal's really strong point,
however, is its potential to be environmentally friendly.
By operating geothermal systems as a closed loop, and reinjecting the
contaminants along with the cooled water, the environmental impact can be
reduced almost to zero.
Geothermal heat pumps, or ground-source heat pumps, for heating and
cooling buildings are a rapidly growing example of a geothermal direct use
application. The technology has developed almost without publicity in recent
years to become a significant new factor in the supply equation. This is an
electrically-based technology that allows high efficiency, reversible, water-
source heat pumps to be installed in buildings in most geographical and
geological locations (worldwide). The combination of increasing levels of
electrical generation efficiency, with the impressive energy amplification of
geothermal heat pumps means that space heating can be delivered with effective
efficiencies that exceed 100 %. The «additional» energy is supplied from the
ground. In addition these systems also offer highly efficient cooling. The types
of buildings that are using ground-source heating and cooling in this manner
range from small utility or public housing, through to very large (MW-sized)
institutional or commercial buildings. This technology can offer up to 40 %
reductions in CO
2
emissions against competing technologies. If all of the
electricity is supplied from non-fossil sources, there are no Commissions
associated with heating and cooling a building.
Recently, several large-scale arrays have been installed to feed larger
systems where suitable supplies of deep geothermal water are not available. In
the largest development to date, 4000 units – each with its own borehole – have
been established on a US Army base in Louisiana to provide heating and
cooling. The concept was developed independently in the US and Europe and,
although Sweden and Switzerland have installed many thousands of units to
provide winter heating in houses, the pace of installation in the USA and Canada
during the last fifteen years has overtaken
the European rate. There are now
believed to be well over a quarter of a million installations in place in North
America.
While the main activity is currently in the USA, there are a growing
number of installations in Canada, Sweden, Switzerland, Austria and Germany.
Smaller numbers are being installed in other European countries, and in
Australia. The Geothermal Heat Pump Consortium currently has over 750
institutional, corporate and commercial members, and 40 international members
from countries including Australia, Canada, China, Croatia, Finland, Germany,
India, Japan, the Netherlands, Poland, Russia, Sweden, Turkey, and the UK.
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Ground-source heat pumps are perhaps the first indication of the seventh
age of geothermal technology, breaking the final barrier of geographical
availability.
To sum up: geothermal technology offers many benefits – clean,
indigenous, firm energy – but suffers from economic uncertainties and
geographical limitations. These problems are being actively addressed and
future prospects seem bright.
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