GEOTHERMAL DEVELOPMENT IN CANADA

Alexander Richter Canadian Geothermal Energy Association (CanGEA) ThinkGeoEnergy.com @thinkgeoenergy 24 October 2012 – GRC Annual Meeting, Opening Session, San Diego/ California

Canadian Geothermal Energy Association (CanGEA)

ThinkGeoEnergyWeb: ThinkGeoEnergy.com Twitter: thinkgeoenergy Flickr: flickr.com/thinkgeoenergy

Canada – current electricity supply

Hydro Con- ventional Thermal

Nuclear

Biomass

Wind & Other

CANADIAN NATURAL RESOURCES SECTOR

CANADIAN GEOTHERMAL RESOURCES

• Collective voice of Canada's geothermal energy industry

• Non-profit industry association •  Promotion of geothermal energy potential • Outreach events • Geothermal Reporting Code

Members

Toronto Stock Exchange & the Geothermal Reporting Code

  Leading exchange in mining sector

  Strong oil & gas presence

  4 geothermal companies listed

  TSX & ASX leading in “geothermal” listed companies

  ASX: most money spent in Australia

  TSX: most money spent in U.S.

  Called of merger with London Stock Exchange

Basis for transparency, consistency and confidence in the public reporting

of geothermal information

CURRENT DEVELOPMENTIN CANADA

Projects

Permits

Projects on paper

Canadian projects Project Developer Location Status

Canoe Reach

Borealis GeoPower British Columbia

Feasibility phase

Lilloet Alterra Power/ 2149749 Ontario Inc.

British Columbia

3 permits

South Meager

Ram Power British Columbia

Under development

Swan Hills Borealis GeoPower Alberta Co-produced fluids project of 2MW

Ft. Liard Borealis GeoPower Northwest Territories

Feasibility for 1MW pilot project

Con Mine City of Yellowknife Northwest Territories

Feasibility study for district heating project

Estevan Deep Corp. Saskatchewan Feasibility

International activities

Other companies: •  Enbridge, TransAlta, Estrella International, Canadian Advanced ESP,

Mining firms, financial firms …

U.S. Chile Peru Nicaragua Iceland Canada

Borealis GeoPower x Caldera Geothermal x Alterra Power x x x x x Nevada Geothermal Power x Ram Power* x x x x *Ram Power acquired Canadian players: Polaris Geothermal, Sierra Geothermal and Western GeoPower

SELLING GEOTHERMAL

“Geothermal energy, potentially the largest – and presently most misunderstood - source of energy” Al Gore, Our Choice

PERCEPTION

Bathing monkeys in Jigokudani hot springs, Japan

GEOTHERMAL UTILIZATION

Geothermal electricityin TWh, IEA 2008

Coal Gas Hydro

Nuclear Oil Wind

Biomass

Waste

Perception

Geothermal Energy Geo(thermal) Power Geothermal Heat Geo-Exchange

REPRESENTATION

Government Industry Industry Associations IEA

POSITIONING

Marketing Representation Advertisement Visibility

POSITIONING

CANGEA’s 3rd ANNUAL GEOTHERMAL POWER FORUM CALGARY, DELTA BOW VALLEY NOVEMBER 4, 2011