Nevada Petroleum and Geothermal Society Monthly Dinner Meeting
Title: The Increasing Value of Geothermal in the West, Get Your Pickaxes Ready
Speaker: Paul Thomsen, Ormat Technologies
Abstract: I will discuss the economic benefits and value of geothermal compared to other renewable resources using actual market data, as well as forecasts for the coming 10-20 years. I will briefly explain how geothermal accrues greater economic benefits than solar PV in the California ISO (CAISO) wholesale energy market and in meeting resource adequacy (RA) requirements. For these reasons and others, significant quantities (GW) of new geothermal are being selected through capacity expansion modeling in California’s integrated resource planning (IRP) proceedings. This will require accelerated geothermal expansion across the Western U.S.
Bio: Paul Thomsen is the Vice President of Business Development for Ormat Technologies. Upon assuming this role in November 2018, he has taken responsibility for expanding Ormat’s existing portfolio of geothermal, solar, and recovered energy generation projects.
Thomsen brings expertise in both the public and private energy sector, previously serving as Commissioner and Chairman of the Public Utilities Commission of Nevada, Director of the Nevada Governor’s Office of Energy, and Director of Policy and Business Development for Ormat. He also worked for the law firm of Lionel Sawyer and Collins and United States Senators Harry Reid and Richard Bryan. He has advocated for meaningful energy policy as President of the Board of Directors of the Geothermal Energy Association and Chairman of the United States Clean Heat and Power Association.
Thomsen earned a Bachelor’s Degree in Political Science and Master’s Degree in Public Administration from the University of Nevada, Reno.
Sign-up or more information here:
Date: Thursday, Oct 3, 2019
Time: 6:30 PM – 9:30 PM, Pacific Time
Location: Tamarack Junction
13101 South Virginia Street
Reno, NV 89511
Cocktails, wine and beer will be served starting at 6:30 PM, and dinner is served at 7:15 PM. The bar will be jointly sponsored by Krummrich Engineering, and McGinley & Associates