Galt Global Review

QFS 360

      
January 7, 2002
new technology
Geothermal Technology: Part 2 of 2
Esme Friesen

Environmental Benefits  |  Statistics  |  The modern face  |  The economics
Could this become another clean energy export credit?  |  

With home heating and air conditioning contributing up to 40 per cent (on average) of global greenhouse gas emissions, finding alternative ways to stay cozy in the winter and cool in the summer is one way consumers can individually contribute to meeting international GHG reduction targets.

Environmental Benefits
While there are definite environmental costs associated with the production and transportation of the materials required to construct a geothermal system, once installed, it presents very few (if any) environmental concerns. They produce few emissions, pose little threat to wildlife, have a long-term sustainability (as seen in Lardarello, Italy), and their use results in an actual decrease of greenhouse gas emissions.

"geothermal energy use displaces the emission of 22 million tons of carbon dioxide a year!"

According to DOE, current American geothermal energy use displaces the emission of 22 million tons of carbon dioxide a year! In the United Kingdom, statistics show geothermal systems reduce annual CO emissions by 57kg/m2 per installation.

However, comparisons of emissions between energy systems depend on how a region generates electricity. NRCan, for example, states that a geothermal system can reduce emissions by a greater amount in Alberta, where power is generated from coal, than in Quebec where electricity is generated by water turbines.

But, in a study produced for NRCan, "the greatest difference in emissions occurred in Montreal where a residential oil furnace can emit more than 155,000 kg of carbon over 20 year period. In the same period, an earth system will produce less than 5,000 kg of carbon."

Michael Fader of MJD Mechanical, a supplier of geothermal systems in British Columbia, Canada further adds, "Conventional energy efficient furnaces can reach efficiencies of up-to 94 per cent, a geothermal system reaches efficiencies as high as 450%, and it does so without the use of any fossil fuels, emissions or by-products harmful to the environment whatsoever."

Statistics
Current statistics show there are about 500,000 geothermal heat pumps being used today for heating and cooling throughout the US in residential, commercial, and government buildings. In Canada this figure is close to 30,000, in the UK and Australia the number is significantly lower but it is growing.

This new way of cooling homes in Australia is gaining in popularity according to the International Geothermal Association's Website. In the year 2000, there were at least 2000 installations in place with an estimated market expansion of 50% per annum. The Australian government also has incentives and award systems in place t to promote the use of geothermal and other alternative energy source developments.

One of Australia's largest banks, Westpac Banking Corporation, decided to develop a geothermal system for their new call centre in Tasmania. The call centre supports 240 workstations, operating 14 hours a day, up to 7 days per week. In spite of Westpac's initial reservations, their decision has resulted in greater energy savings, significantly lower maintenance costs and less capital costs due to the smaller space requirement of the geothermal system.
Source: The Australian Greenhouse Office

The modern face
With the development and use of modern materials over the past decade, this technology has established itself as a reliable, long lasting and renewable energy source. Modern design features make geothermal heating and cooling a cost-effective compliment to standard HVAC systems and a viable alternative to natural gas and fossil fuel consumption.

Other uses for this technology include alligator farming, heating swimming pools and hot tubs and heating greenhouses.

The economics
Geothermal heat pumps generally cost more to install than conventional systems. But all research indicates this initial expense is recovered within 3-5 years as savings on regular energy costs.

Fader, states that "for every $100.00 you spend on natural gas, you get $80.00 of heating value. With geothermal you get $450.00." He also claims one of his installations saved one user over $1600.00 in one month, when compared to the same month the previous year - attributing this saving to the fact "that you are only paying for the energy to move the fluid in the pipes from the earth to the house. The energy requirement for this is approximately the equivalent of running three light bulbs."

Could this become another clean energy export credit?
The more developed nations incorporate this energy source into their economies, the more they will be able to impart the knowledge and components of this technology to developing countries. This, in turn, may benefit developed Kyoto ratifying nations by providing them with an additional source of "clean energy credits".
More Info
For more information on Geothermal Technologies, please visit:

International Geothermal Association - http://iga.igg.cnr.it
US Department of Energy - www.eren.doe.gov/geothermal
Australian Greenhouse Office - www.greenhouse.gov.au
Geothermal Heat Pump Consortium - www.geoexchange.org
Natural Resources Canada - www.canren.gc.ca
Alberta - www.cbsc.org/alberta
United Kingdom - www.earthenergy.co.uk
System Component Manufacturers - http://energy.sourceguides.com/businesses/byP/geothermcomp/byB/mfg/mfg.shtml
Earth Energy Society of Canada - www.EarthEnergy.ca
Our Cool House - www.ourcoolhouse.com
MJD Mechanical - www.mjdmechanical.com