Can The Earth’s Core Power The World?
May 7, 2021
Featuring Documentary Produced by CNBC
Geothermal energy is poised to play an increasingly large role as a source of always available, renewable power. At Alberta No. 1, where we're developing the first conventional geothermal heat and power project in Alberta, Canada, we're thrilled to see the growing interest and buy-in from oil and gas industry giants and major media.
In CNBC's mini documentary, "Can The Earth's Core Power The World?", Dr. Catherine Hickson, CEO of Alberta No. 1, joins other veterans and innovators in North America's geothermal space in sharing how harnessing the heat deep within the Earth can be the next chapter of our energy story.
Here are some of our favourite quotes.
"Geothermal at scale, leveraging the entire oil and gas industry global, literally solves energy."
—Jamie Beard Executive Director, Geothermal Entrepreneurship Organization, University of Texas
"Geothermal electricity could make up 10 percent of the grid. [...] What we need is investors who are willing to invest tens of millions of dollars. So finding those unique individuals and those unique companies to invest, particularly if we're talking about hot, dry rock or Enhanced Geothermal Systems, that's what we need."
—Dr. Catherine Hickson, Vice President, Geothermal Canada; CEO, Alberta No. 1
"I feel like geothermal is where mobile phones were in the 1990s with these big clunky models nobody could afford; whereas now, there's a mobile device in everybody's hand."
—Cindy Taff, COO, Sage Geosystems
"If you look at the success of solar and wind, the role of the government to be both a first customer, to provide financing and to provide technology solutions for deployment was critical. We could do the exact same thing today with geothermal."
—Tim Latimer, CEO, Fervo Energy
"We always talk about [renewable] electrical power, but of course there's this massive other market that wind and solar don't play in, and that's heat."
—John Redfern, CEO & President, Eavor Technologies
"It's just a perfect opportunity to take the skill base and the capital that's available from the oil and gas world and bring it into geothermal. And whether you look at it from a financial point of view or a technical point of view, it's a very obvious move."
—Joe Scherer, CEO, GreenFire Energy
"That collaboration between the incumbent and the new party or between the big and the small is going to be critical in the energy transition."
—Barbara Burger, President, Chevron Technologies
About Alberta No. 1
Alberta No. 1 is a geothermal energy project located in the Municipal District of Greenview No. 16. Owned by No. 1 Geothermal Limited Partnership, it is developed and managed by Edmonton-based Terrapin Geothermics Inc. Alberta No. 1 is partially funded through the Emerging Renewable Power Program, administered by Natural Resources Canada.
About Geothermal Canada
The Canadian Geothermal Association, rebranded in 2018 as Geothermal Canada, was founded in 1974. The impetus for the founding came from the inaugural Geothermal Resources Council meeting in Brawley, California in 1973. A professional organization wanting to share technology, resources, and experiences, Geothermal Canada is not a lobby group but a scientifically oriented venue for discussion of technical and academic aspects of the industry. Geothermal Canada seeks to provide expertise to all interested parties and further geothermal collaboration and innovation in Canada.