CanGEA releases Member Projects Database

CALGARY, May 31 /CNW/ - The Canadian Geothermal Energy Association (CanGEA) today released the much anticipated CanGEA Member Projects Database. The report outlines all the various CanGEA member projects under development around the world. This inaugural report is the first of its kind for the Canadian geothermal energy industry.

According to the report CanGEA members are currently working on more than 70 projects under development representing more than 1,400 MW, and nearly 2,000 MW of installed geothermal capacity. The projects listed span four continents and eleven countries giving CanGEA members a truly global reach in their operations. While there is currently no geothermal power production in Canada there are nevertheless a number of projects under development which may soon come online to supply Canada's first few megawatts of geothermal power.

Typically projects have been categorized in terms of resource development. The CanGEA Member Projects Database instead recognizes three levels of Geothermal Resources and two levels of Geothermal Reserves. With increasing geological knowledge and confidence a Geothermal Resource progresses from Inferred, to Indicated, to Measured. Similarly, with consideration of energy recovery and conversion, economic, marketing, environmental, social, legal, and regulatory factors (all Modifying Factors) the resource may be labelled a Probable or Proved Geothermal Reserve.

The CanGEA Member Projects Database utilizes the Canadian Geothermal Code for Public Reporting to provide a framework for comparison among industry players. Included in the Database is the Geothermal Progress Checklist which lays out the framework to categorize projects under development based on geological knowledge and modifying factors such as economic and legal factors. The checklist highlights the necessary steps in the development of a geothermal resource from exploration to production. Applying this framework allows for universal comparison among projects under development while also providing the cursory framework to adhere to the Canadian Geothermal Code for Public Reporting.

For a copy of the CanGEA Member Projects Database please follow the link below. CanGEA encourages interested parties to provide feedback for future iterations of the report and welcomes any questions or comments.

About CanGEA: CanGEA is a national industry association that believes we can provide competitively priced, emissions free, renewable, base-load energy to Canadians and to U.S. export markets. CanGEA works on behalf of our members to facilitate the growth of geothermal power projects and promote publicly listed companies on the Canadian Exchanges.

SOURCE CANADIAN GEOTHERMAL ENERGY ASSOCIATION (CANGEA)

For further information: For further information: David Gowland, Policy Director, Canadian Geothermal Energy Association, dave@cangea.ca

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CANADIAN GEOTHERMAL ENERGY ASSOCIATION (CANGEA)

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