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GLOBAL RENEWABLES ONLINE - DECEMBER 2011
This is a similar scenario with other countries as
well. There are lots of opportunities; we just need
to capitalize on them.
The developing industry just needs the
necessary incentives and the demand. Banks and
politicians need to think longer-term when
investing in renewables.
IM: There is obviously a clear benefit
to using geothermal as it is the most
renewable source of energy out there – so
what are the benefits that the public
should understand?
AR: If you look at the options countries have in
renewables to replace nuclear energy or coal power,
we need to be looking at sources that will run 24-7.
At the end of the day, the industrial customer
doesn’t get most of its power at 9-10 in the morning.
No—industrial customers need to provide power
24-7 especially at peak times.
When it comes down to it, we know things about
sun and wind power. But at night, there is no solar
power, and wind doesn’t blow all the time.
Utilities, biomass and geothermal energy can run
all the time. You always need to source the biomass,
but geothermal is a resource is always there. And
it’s local—there is no need to buy oil or diesel.
In a nutshell: Geothermal energy makes
communities self-sufficient. And in remote areas of
Canada, and other parts of the world—being self-
sufficient is invaluable.
Geothermal energy is a long-term, green energy
source, that has a positive business impact. While
the starting costs are high, there are tremendous
savings in the long-run. Geothermal energy
provides a source of energy that is reliable,
renewable, onsite, clean, and provides endless
power.
IM: Thank you Alex.
photo provided by ThinkGeoEnergy
photo provided by Iceland Dr i l l ing
ALEXANDER RICHTER - GEOTHERMAL
About Alex
From 2005 to 2011, Alexander was a director in the Geothermal Energy Team
of the Icelandic bank Íslandsbanki. As a founding member of the team, he
focused on business development, origination and research in geothermal en-
ergy. A German national, Alexander has a law degree from the University of
Konstanz, Germany, with additional legal studies at Queen’s University and
the University of Ottawa, Canada. He also has a Master of Electronic Com-
merce degree from Dalhousie University, Canada.
Alexander is also Founder and Managing Partner of the leading news
service for the global geothermal energy industry, ThinkGeoEnergy.
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