Parhelion is an energy and climate risk finance company specialising in non-traditional risk issues impacting investment in to clean energy and climate finance markets. Parhelion has developed a Geothermal Resource Risk Insurance that covers a pre-determined number of wells with a pre-agreed drilling and testing schedule. It is designed to be flexible to an individual project’s needs.

We invite yout to participate in the IGC webinar “Risk finance for geothermal resource development” that takes place on 4 September 2020. Julian Richardson (Parhelion) and Alexander Richter (Thinkgeoenergy) will discuss the company’s efforts to insure geothermal projects and climate finance.

More information here: https://www.igc.events/en.

The 4th edition of the Global Renewable Energy Forum (GREF) is organized by the Embassy of the Republic of Korea, Bonn Office in cooperation with the International Renewable Energy Agency (IRENA) and the UN Climate Change Secretariat (UNFCCC) on September 24, 2020. It is supported by the Korean-German Energy Partnership of the Ministry of Trade, Industry and Energy, Republic of Korea, and the Federal Ministry for Economic Affairs and Energy, Federal Republic of Germany. Partners of the conference are Eurosolar, ICLEI, World Wind Energy Association, DVGW, International Geothermal Association, EnergyAgency.NRW, UNIDO ITPO Germany, and ZBT – the hydrogen and fuel cell center.

Despite an urgent need for reduction, global greenhouse gas emissions continued to rise in the pre-coronavirus period demonstrating that an even more ambitious effort is required to achieve the 1.5°C target of the Paris Agreement. For that goal to remain in reach, the 2020s need to be a critical decade for climate action as emissions must be reduced by 7.6% every year from 2020 to 2030.

Renewable energy plays a key role for that matter. While it has become a mainstream energy and outpaced fossil fuels seven years in a row, its deployment must speed up drastically to meet climate targets and economic stimulus programs addressing the pandemic must focus on a green recovery. Likewise, green hydrogen produced from renewables is gaining more importance as the missing link of the energy transition and can play a crucial role in further shifting the world towards a future powered by renewables.

Against this backdrop, GREF 2020 deals with green recovery programs, accelerating renewable energy action, and the future of green hydrogen. It focuses on the potentials to accelerate renewable energy expansion, such as electrification of end-use sectors and enhancing demand-side flexibility for renewables. It also underscores the key role of green hydrogen as an option for decarbonizing high-emitting industries in which a low share of renewables remains a challenge and for different forms of transport, including shipping and aviation.

GREF 2020 is a hybrid event with on-site and online participation. While on-site participation at Hotel Königshof is by invitation only, for online participation, kindly register here: Registration

For more information visit: twitter.com/GREF_2020

The Geothermal Resource Council 2020 Annual Meeting & Expo is going fully virtual.

The meeting will take place October 18 – 23, 2020 in an online, on-demand format that will allow attendees from around the globe to access the meeting’s robust technical program and network with other attendees and companies.

For details, read the latest letter from the GRC President and Executive Director here.

Contribute to the Energy Transition and get the chance to present your innovative research at GET2020!

The 1st Geoscience & Engineering in Energy Transition Conference (GET) is cross-disciplinary by design. The audience will be composed by geoscientists and engineers working on all subsurface usages, either relevant to energy transition (geothermal and storage) or more traditional resource exploitation; representatives of universities and research institutions, geological surveys, local and national authorities and regulators, petroleum operators and energy utilities, field service and consulting firms are offered a platform to exchange views and experience.

Submit your abstract and find out more here.

It gives you an overview on all our activities and important numbers. Please find the report here: IGA Annual Report 2019

The Book “History of Geothermal Energy in the World, from its Origins to the 20th Century” by Raffaele Cataldi and Mario César Suárez Arriaga has been published. You can order here: http://www.tepsnc.it/it/history-of-geothermal-energy-in-the-world-from-its-origins-to-the-20th-century/

The recording of the Webinar “Enabling Greater Geothermal Economics Through Applications and Technology” is online now. A huge THANK YOU to Clinton Moss (Gunnar Energy) for his fantastic and passionate presentation.

The recording is avaiable on YouTube:

https://www.youtube.com/watch?v=QOPwH9xA8j4

The presentation will illustrate how the use of magnetic ranging technology is proven to expand the scope of what’s possible within various well construction, completions, and intervention applications. Gunnar Energy Services, lead by innovator and industry SME Clinton Moss, will overview the capabilities of existing ranging technologies and a new strategy to deliver subsurface closed-loop production for future Geothermal assets.

The renewable industries will work together to deliver 100% renewable energy. This can only be achieved through renewable energy integration. Together, the renewable energy technologies are greater than the sum of their parts. A significant increase of investment in renewables will fuel economic growth, create employment and contribute to a climate-safe future. To ensure this, we call for the following:

  • Accelerated deployment across all sectors, especially in heating, cooling and transport sectors, also by connecting the sectors. The uptake of renewables in heating and cooling remains slow, even though heating and cooling account for around half of total final energy demand. Policy attention in this area is still lacking.
  • Substantial financial incentives for renewables to create competitive advantage for end-users and encourage self-supply. The deployment of renewables in the energy sector still faces multiple barriers. Policy support is needed to advance the achievement of a 100% renewable energy future. Policies ranging from pricing instruments to financial and fiscal incentives, quotas, and obligations, are needed to support clean, efficient and renewable energy projects.
  • Consider additional benefits and services of renewables when designing market mechanisms, not just lowest price. The socio-economic benefits of the transition to a 100% renewable energy future is of vital importance. Mitigating climate change through the deployment of price competitive renewable energy need to be considered to future-proof our economy and society.
  • Broader policy frameworks devoted to a just and inclusive energy transition. Renewable energy technologies lie at the heart of the energy transition. This transition should focus on deployment, enabling and integrating policies that allow the full variety of investors, from individuals, communities, SMEs up to larger companies to participate and invest.
  • Development of green skills and renewable jobs offered to communities. Incentives for education and training are needed to match the future skills demand for the energy transition. These incentives should integrate social and gender equity.
  • Mapping and promotion of health benefits of a green energy-based economy. Replacing fossil fuels with renewable energy technologies is a positive force for climate, health and society

About the International Renewable Energy Alliance
The goal of Ren-Alliance is to foster collaboration, removing market barriers, identifying and promoting successful implementation strategies, enhancing business conditions and developing markets. This is to be achieved by the provision of reliable and up to date facts and considerations for more informed decision making at all levels of national and international policy and to further the principles and goals declared in the 2004 Bonn Declaration on Renewable Energies.

The REN-Alliance brings together five renewable industry organizations to promote the use of renewable energy technologies worldwide: the International Hydropower Association, the International Geothermal Association, the International Solar Energy Society, the World Bioenergy Association, and the World Wind Energy Association.

Hosted by Angela Lamont (technology journalist) and featuring Ryan Law (Geothermal Engineering Ltd), Marit Brommer (International Geothermal Association), Jon Busby (British Geological Survey) plus Nick Cameron and Mehdi Yusifov (bp) discuss, how generating low carbon electricity and heat from the energy beneath our feet is no longer restricted to areas like Iceland and the Pacific ‘Ring of Fire’. Can we make geothermal power more widely available? How might oil and gas companies play a role? Tune in:

https://www.bp.com/en/global/corporate/what-we-do/technology-at-bp/technology-outlook.html

The presentation will illustrate how the use of magnetic ranging technology is proven to expand the scope of what’s possible within various well construction, completions, and intervention applications. Gunnar Energy Services, lead by innovator and industry SME Clinton Moss, will overview the capabilities of existing ranging technologies and a new strategy to deliver subsurface closed-loop production for future Geothermal assets.

Date:July 8th 2020
Time:19:00 CEST
Registration:REGISTER HERE