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Update released on Canadian Geothermal Supply Chain and Sector Profile

Update released on Canadian Geothermal Supply Chain and Sector Profile Well MC6 being flowtested at Meager Creek, BC/ Canada (source: Western GeoPower)
Alexander Richter 12 Jun 2013

CanGEA has just released the 2013 updated versions of both the Canadian Geothermal Supply Chain and Canadian Geothermal Sector Profile reports. Both can be downloaded on CanGEA's website.

The Canadian Geothermal Energy Association (CanGEA) has been working on several projects as part of a larger scale effort on a Geothermal Technology Roadmap for utilizing Canada’s geothermal resources for power generation and large scale direct use.

As part of that work CanGEA has just released the 2013 updated versions of both the Canadian Geothermal Supply Chain and Canadian Geothermal Sector Profile reports. A link to the report can be found below.

Enormous geothermal resource potential and an accessible supply chain provide a strong basis for the geothermal power and direct use of heat and cooling sector, despite currently limited development in Canada.

Describing the supply chain of an industry sheds light on the maturity of an industry sector as it relates to technology development, existing infrastructure, suppliers and services provided, while at the same time highlighting gaps and opportunities for growth in the specific industry sector.

This report therefore defines the segments of the geothermal power and direct use of heat and cooling industry segments, provides an introduction to those segments and lists a selective number of companies known to CanGEA at the time of writing.

The sector segments were defined by looking at the industry as a whole, including segments that serve the industry either directly or indirectly, and by looking at the value chain of geothermal development. Furthermore, the Canadian Geothermal Energy Association
(CanGEA) conducted a survey and several interviews with industry participants to identify various elements of the sector and to determine the current state of the industry, including gaps and opportunities.

The analysis of market participants and companies working in and serving the sector both in Canada and internationally showed that the sector is potentially much larger than anticipated.

The report then also highlights, in detail, the similarities of the oil & gas, carbon capture and storage/sequestration and mining sectors with activities in the geothermal sector in Canada. It points out opportunities of technology crossover and similarities of services provided by companies in other related industry sectors. The opportunities of technology and service company crossover provide both a strong basis for geothermal development in Canada as well as an opportunity to smooth out the mining and oil and gas resource boom and bust cycles. Further, because of the direct applicability of their skills and technology, geothermal provides a general advantage in the ability for technology and service companies to compete internationally.

The document and other reports can be downloaded via the Reports page of the CanGEA website at: http://www.cangea.ca/reports/