I write in response to “CBC News Poll: Why the economic crisis could speed up transition to renewable energy” published recently:
Geothermal is the missing link in Earth’s energy mix. It’s the only scalable solution that is both clean and baseload. Without a clean baseload power source, the grid will struggle to replace all the legacy coal, gas and nuclear power, with just intermittent sources like wind and solar (even with better batteries than exist today).
Geothermal, however, can fill this gap. More importantly, we can do this not by importing windmills, solar panels and batteries from China, but by building on the same world-leading assets and expertise that sit idle in the oil service industry today. We can lead the world simply by using this expertise to convert our old abandoned well sites to geothermal use.
Even better, Eavor’s “made in Canada” solution (which is available to any Canadian developer), facilitates rapid scaling. In particular, Eavor’s technology eliminates or vastly reduces the need for exploration uncertainties, delays and costs. It also transforms geothermal from baseload to dispatchable. This allows Eavor to work much more synergistically with wind and solar where needed. Eavor’s technology, known as “Eavor-Loop™”, works by drilling a sealed well-bore loop which gently harvests geothermal heat over a large surface area simply through conduction. Without the need for a geothermal aquifer, this enables implementation almost anywhere in the world. In line with this, Eavor has assembled a multi-year, multi-billion-dollar prospect pipeline. These prospects are, however, all outside of Western Canada.
What will it take to enable Eavor, and other Canadian geothermal developers like Terrapin and DEEP, to bring this geothermal revolution home? The same thing that has nurtured successful and growing geothermal industries elsewhere – a combination of early grants and energy pricing that recognizes the advantages of green baseload power. Ideally these incentives would be modeled after the SDE+ system in the Netherlands, which is more efficient, but has the same net effect as a Feed-in-Tariff.
Our calculations are that, a geothermal “Moon Shot” for Western Canada with the above incentives, could easily attract $4 billion in foreign investment capital, to create 400 MW of clean, dispatchable power, all the while employing 5,500 oil service workers for 4 years. Larger plans could employ 25,000 for a decade or more. Such a plan would create a geothermal ecosystem in Canada that could lead the world and represent an entire new clean export industry. At Eavor, we believe that is a vision worth getting excited about. In short, the current situation doesn’t have to devolve into a fight between oil industry jobs or renewables. It doesn’t have to be a zero-sum game. With geothermal solutions like Eavor the same investment dollar can protect oil service jobs and improve the environment all at the same time.
To learn more about Eavor visit Eavor
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Alberta’s COVID-19 breakthrough – Highest number of tests and lowest number of new cases in one day
It certainly appears to be a sign that the first wave of COVID-19 is abating. Friday, Alberta’s Chief Medical Officer reported 6,455 people were tested over the last 24 hours and there were only 7 new positive cases. This resulted in a very interesting video update from Dr. Deena Hinshaw as the province announced several changes that will be resulting from the success of Alberta’s battle with COVID-19.
Albertans will soon be able to visit loved ones in hospital. The province will continue to move toward protecting Albertans at the highest risk of severe outcomes. That means more freedoms for the majority of Albertans as the province prepares to announce Stage 2 details early next week.
Alberta eyes business eviction protection tied to COVID-19 economy lockdown
EDMONTON — Alberta Premier Jason Kenney says legislation is coming to address those businesses facing eviction due to the COVID-19 pandemic.
Kenney says details are coming next week, but adds the province is “looking closely” at a recent eviction ban imposed in British Columbia.
Earlier this week, the B.C. government announced it was imposing new rules on landlords who are eligible for federal rent relief but don’t apply for it and try to evict tenants for lack of payment.
Those landlords will not be allowed to evict such tenants through to the end of the month, when the federal rent relief program is set to end.
Kenney says he is hesitant to bring in a blanket ban, given that there may be legitimate reasons to evict a tenant, but says Alberta is taking action and commercial landlords need to “get with the program.”
Kenney also announced a new $200-million program to provide small- and medium-sized businesses with up to $5,000 each to help them reopen following government-imposed lockdowns to battle the pandemic.
This report by The Canadian Press was first published June 5, 2020
The Canadian Press
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