Green Energy Made Feasible with Innovations in Geothermal Power Plants

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A green energy company based in Iceland has made recent advances in geothermal technology that will make it possible to phase out smog-producing coal plants with geothermal power plants.

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It is challenging in that this is a unique 'win-win' situation of having the lowest power generation cost available, also being the most environmentally friendly.

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Someday soon the earth will be cleaner, thanks to efforts and innovations by Kaldara Green Energy, a Norwegian/Icelandic manufacturer of geothermal electrical power production equipment. According to output studies and specs on its latest KAPS ('Kaldara Power System') geothermal power plant, its innovations in geothermal technology will make a good alternative to coal or natural gas.

KAPS are container based 5 MW geothermal power plants that can operate stand-alone and are also capable of working together in power farms. Because of small sizes KAPS can be more easily adopted to the environment than large power plant structures. KAPS on-surface units can be used for all types of Wet/Dry and Binary/Flash geothermal Systems. The KAPS concept is to place a miniature power house in standard sized containers next to the production boreholes. The containers could be placed hidden into hillside areas or placed underground to avoid offensive structures in the environment, in full reconciliation with environmental groups. Using KAPS could therefore extend the reach of environmentally friendly exploitation for electrical power production worldwide. With the KAPS approach, boreholes can be harnessed at an earlier stage or within weeks after drilling is completed, whereas the conventional approach requires borehole evaluation period of 3-5 years before power production. Thus the earlier income alone can in most cases pay majority of the KAPS investment. KAPS units can be organized in power farms of same capacity as large geothermal power plants and even larger.

Outstanding efficiency is only to be compared with 30-50 MW highly advanced conventional geothermal power plants. By advanced technology and size standardization KAPS compares in cost effectiveness pr MW with the larger conventional geothermal power plants. Cost comparisons show an outstanding economic attractiveness for production from geothermal steam with prices much lower than for coal or natural gas.

"It is a common misunderstanding that power production is more expensive by using renewable energy instead of fossil fuel and Iceland has already proven the case for geothermal power production," says Skuli Johannsson Manager of Kaldara Green Energy and author of a published article on KAPS. "It is challenging in that this is a unique 'win-win' situation of having the lowest power generation cost available, also being the most environmentally friendly."

The KAPS technology lowers barriers of entry into the realm of geothermal power production, until now restricted by the number of production boreholes (>10) necessary to make sufficient energy for an economical version of conventional geothermal power plants (>30 MW). With modular and small-step approach of developing geothermal fields, boreholes can now be harnessed at an earlier stage to generate faster revenues. KAPS power plants are factory installed in containers. This flexible approach allows for reallocation in case of failing yield of boreholes.

About Kaldara Green Energy:
Kaldara Green Energy is a Norwegian/Icelandic company, with focus on production of KAPS geothermal electrical power production equipment. Headquarters are in Reykjavik, Iceland. Green Energy Group AS (GEG) is a Norwegian holding company, which core business area is to seek financial opportunities within the geothermal green energy space. GEG holds 100% of the Equity in the Icelandic Kaldara Green Energy. Green Energy Group seeks partners in geothermal power plant projects worldwide and especially in the USA where US government has announce this month plans for leasing of lands with high potential for geothermal resources in 11 Western states and Alaska.

Green Energy Group AS
Oslo, Norway
Stig Torvund, Chairman
Telephone: +44 7702811703

Kaldara Green Energy ehf
Reykjavik, Iceland
Skuli Johannsson, Manager
Telephone: +354 5354900



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Stig Torvund

Skuli Johannsson
Kaldara Green Energy ehf
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