The presentation was held at a launch event for the Think GEOENERGY Magazine in Reykjavik, Iceland in October 2013. In attendance were all the major geothermal players in Iceland, as well as government representatives and financial players. The presentation also included an overview on global geothermal development and some notes on marketing of the Iceland geothermal sector in the global context.

1. Global development
in the Icelandic
context
Alexander Richter
ThinkGeoEnergy.com
@thinkgeoenergy
October 16, 2013

2. Background
2

3. Showcase of geothermal to the world
3

4. Website of: ThinkGeoEnergy.com
4

5. Power Plant
Map
Job Portal
5

6. ThinkGeoEnergy.com
as One-stop-shop
For News, Research &
Marketing Tool for Industry
6

7. Global Geothermal
Development
Global Geothermal Development
7

8. Global Geothermal Energy Power Generation - Potential
32,200
5,454
1,642
4,344
1,363
6,447
Installed
Installed
Resources
Resources
60,422
Europe
North America
1,840
242
27,400
933
Installed
Resources
Middle East
624
Installed
Resources
3,833
568
10,064
Installed
Cent. America &
Caribbean
11,600
30,800
205
1
Installed
High temperature regions
Resources
Asia
867
Resources
South America
2,511
Installed
7,700
Resources
Africa
913
654
Installed
Resources
Aus., NZ & Pacific
Current installed capacity
Projects & inferred resources
Resource estimates
Sources: Islandsbanki, ThinkGeoEnergy, Geothermal Energy Association, IGA, Chevron
Note: Installed Capacity of 2013, resource estimates combined (1999-2012) – IGA estimates a conservative total potential of 70,000 MW and
with technology improvements (extended use of low heat and EGS resources) at around 180,000 MW in power generation capacity.

9. Top 10 Countries – installed capacity
United States
3,386
Philippines
1,968
Indonesia
1,339
New Zealand
957
Italy
863
Mexico
812
Iceland
665
Japan
502
Costa Rica
208
El Salvador
204
Other
730
0
Source: ThinkGeoEnergy Research
500
1,000
1,500
2,000
2,500
3,000
3,500
9

10. Top 10 Countries – installed + projects
Indonesia
1,339
United States
3,386
Philippines
1,968
Kenya
Iceland
8,099
2,606
1,551
205 1,883
665 778
New Zealand
957
Mexico
812
Italy
335
225
145
863
Turkey 114
Installed
783
Japan
Other
Projects
502 116
853
0
Source: ThinkGeoEnergy Research
3,113
2,000
4,000
6,000
8,000
10,000
10

11. Icelandic Geothermal Industry
11

12. Iceland’s Geothermal Supply Chain
Energy
audit & law
firms
GeoScience
Technical
consulting
Industry
news
Local consumers
(direct)
Industry
associations
Drilling
Business
consulting
Construction
Financing
District heating
Industrial
heating
applications
Core Industry Function
R&D, education, knowl
edge
Geothermal
resource
exploration &
development
Geothermal research
Recreation, heal
th & tourism
Geothermal
energy production
Transmission
& distribution
Industry
Training & education
Drilling rigs
& related
Turbines &
generators
Retail electricity
Other
equipment
Local consumers
(indirect)
Equipment Suppliers
Related industries
Mining
Government
(Agencies, department, offices)
Oil & Gas
Source: Iceland Geothermal Cluster
Other Energy
Production
Legislation
Permitting &
licensing
Market
Regulation
Economic
Development

13. Geothermal Expertise
Geo-Science
ÍSOR, Mannvit, Vatnaskil
Technical consulting
Mannvit, Verkís, Efla, Reykjavik Geothermal, Landsvirkjun Power
Business consulting
KPMG, ThinkGeoEnergy, individuals, Reykjavik Geothermal
Development
Iceland utilities, Efla, Rarik, Reykjavik Geothermal
Geothermal research
ÍSOR, GEORG, Mannvit, Vatnaskil, Utilities, Universities
Training & education
University of Iceland, Reykjavik University/ REYST, UNUGTP, Keilir
Drilling rigs & related
Iceland Drilling, Reykjavik Geothermal, ÍSOR

14. Global development by stages
8,000
7,000
7,222
6,508
6,000
5,000
4,000
3,000
2,862
2,423
2,000
1,000
891
110
0
Prospect
Source: ThinkGeoEnergy Research
Exploration
Pre-Feasibility
Feasibility
Construction
Other*
14

15. Regional opportunities
Asia
2,050
Africa
2,848
3,575
750 1,335 145
South America 0190 407
Central America & Caribb. 105265 153
Prospect
7 294 153
Middle East
Exploration
Pre-Feasibility
Aus., NZ & Pacific
0 117 101
0
Source: ThinkGeoEnergy Research
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
15

16. Regional opportunities
Aus., NZ & Pacific
Middle East
Central America & Caribb.
South America
Africa
Asia
Pre-Feasibility
Exploration
Prospect
0
Source: ThinkGeoEnergy Research
1,000
2,000
3,000
4,000
5,000
16

17. Market Situation

18. Financing of power plants
Annual new-build debt investment as proportion of total
for past decade, 2002–2012
$4.8bn TOTAL
%
Development bank
50%
%
%
%
%
46%
40%
30%
Commercial
lender
22%
20%
State-owned
entity
10%
0%
2002
20%
Pension fund 8%
Government 4%
2003
2004
2005
2006
2007
2008
2009
2010
2011
%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: Bloomberg New Energy Finance
18

19. Asia

20. Africa
20

21. South America
21

22. Caribbean
22

23. Increasing National
Collaborations

24. Full Sale &
Marketing
Campaigns

25. 25

26. Magazine
26

27. Think GEOENERGY
Magazine
The new magazine for
the global geothermal
energy industry, created
in Iceland by
ThinkGeoEnergy.
thinkgeoenergy.com/magazin
e
27

28. Magazine for the
industry but also
promotional tool
for geothermal
28

29. A
ffairs
Current market
trends, news from
industry
associations, state of
the industry
29

30. B
usiness
news from
corporations, interesting
companies, general
corporate overviews and
news
30

31. Country in Focus
selected country report
with certain country
elements in the different
sections/ chapters
31

32. D
evelopment
news and trends, news
from individual projects
and status on
development worldwide
32

33. E
ngineering &
technology
drilling, technical
descriptions, rather
general and educational in
nature. Turbine/ power
plant etc.
33

34. F
inance
General topics on
financing of
geothermal, risk
management &
mitigation, deals, banking
finance, business and
legal issues.
34

35. Issue 2
Country Focus:
Iceland
2
To be released
Spring of 2014
Iceland
35

36. • Opportunities for the sector
• Marketing for the industry
• Bring attention to Iceland
36

37. Subscribe to Magazine
www.thinkgeoenergy.com/magazine
37

38. Follow Us
Twitter: @thinkgeoenergy
LinkedIn Group: ThinkGeoEnergy
Flickr.com/thinkgeoenergy
YouTube.com/thinkgeoenergy
Slideshare.com/thinkgeoenergy
Subscribe to our Weekly Newsletter at:
thinkgeoenergy.com/newsletter
38

39. • Global news
• Job Portal
• Geothermal Power
Plant Map
• Social media
• iPhone app
• Free pictures
• Services
www.
ThinkGeoEnergy.
com
39