“The technology is ripe, and the potential is vast;
now is the time to invest in geothermal energy and
accelerate our journey towards a sustainable future.”
Financing the future of Geothermal
The Global Geothermal Impact Summit 2024 takes on a mission that is critical to our planet’s future: financing geothermal energy. The conversation about geothermal energy often revolves around its technological advancement, ecological benefits, and potential as a renewable resource. However, there’s a dimension that’s equally vital yet often overlooked: the financial aspect.
The role of the Global Geothermal Impact Summit 2024
The Global Geothermal Impact Summit 2024 aims to be the epicenter of this financial conversation. By gathering experts from the geothermal sector, financial institutions, governmental bodies, and impact investors, the GGIS2024 will create a platform for dialogue, collaboration, and strategic planning. Sessions will explore financing models, risk management, public-private partnerships, impact investment, and more.
This focus on finances isn’t just a theme for the summit; it’s a turning point in how we approach geothermal energy. By addressing the financial aspects head-on, the GGIS2024 stands to shift paradigms, forge new partnerships, and pave the way for a global geothermal renaissance.
Join us in this critical endeavour. Your participation, sponsorship, or exhibition at the GGIS2024 is more than a business opportunity; it’s a stand for a sustainable, equitable, and prosperous future.
Why Attend
Financing Geothermal
Explore innovative financing mechanisms and investment strategies in the geothermal sector. Understand the economic viability, return on investments, and risk mitigation strategies in geothermal projects. Our panel of industry experts will delve into case studies, providing valuable insights into the complexities of financing in the geothermal industry.
Impact Investment
In an era where sustainability and social responsibility are becoming significant drivers for investment, learn how geothermal projects can offer lucrative opportunities for impact investors. Understand the social, environmental, and economic impacts of investing in geothermal energy, and how these projects can align with your impact investment goals.
Program
At a Glance
Time / Date | 22/04 | 23/04 | 24/04 | 25/04 |
|---|---|---|---|---|
Morning | Sessions & Workshops | Sessions & Workshops | Field Trips |
|
Afternoon | Sessions & Workshops | Sessions & Workshops | ||
Evening | Welcome Reception | Networking Party | Aftershow Sundowner |
Day 1 (23 April 2024) – Financing Geothermal
| Time | Main Stage |
|---|---|
| registration & coffee | |
| 09:00 - 09:30 | Opening Session / Keynote Kick off the summit with a powerful keynote by Sander De Jong (EBN B.V.) and opening remarks by Sylvain Broglé (IGA), setting the tone for the day and focusing on the current state and future potential of geothermal financing and impact investment. The session and day will be expertly guided by our Master of Ceremony, Boel Stier (Baseload Capital). |
| 09:30 - 10:30 | Global Perspectives on Geothermal: Uniting Finance and Innovation This session offers a global perspective on the geothermal sector, uniting financial expertise and innovative approaches. Featuring insights from Amanda Lonsdale (USAID Climate Finance for Development Accelerator), Daniel Phillipson (Deep Energy Capital), and Staffan Qvist (Virya Energy), the discussion will be led by moderator Patrick Hanson (Expro). It will highlight the synergies between technological advancements and financial strategies in driving the geothermal industry forward. |
| 10:30 - 11:00 | coffee break |
| 11:00 - 12:30 | Overcoming Early Stage Risk Explore the evolving dynamics of geothermal financing with global insights from Mike Matson (Boston Consulting Group), and African focus by KfW Bank with their leading Africa-oriented geothermal risk-mitigation facility (GRMF) implemented by Kai Imolauer (Rödl & Partner). In addition, looking at the EU Geothermal Strategy ahead, Gitta Zaalberg-Metselaar (EBN B.V.) will present their perspectives on overcoming early stage risk in The Netherlands, topped up by the insurance sector's role in reaching finance close in the exploration stage through successful implementation by Achim Fischer-Erdsiek (NW Assekuranz). The session will be moderated by Stephan Hannke (OMV). |
| 12:30 - 14:00 | lunch break |
| 14:00 - 15:15 | New Frontiers in Geothermal Energy: Adding Value to Geothermal Finance Are you a start-up and would you like to learn from trailblazers how to successfully raise funds for your company? Then join this session with four super successful pioneers in the geothermal space, including Robert Winsloe (Eavor Technologies Inc.), Horst Kreuter (Vulcan Energy Resources), Cindy D. Taff (Sage Geosystems Inc.), and Ghazal Izadi (XGS Energy). This session, led by moderator Max Brouwers from Getech, will highlight how new technologies and business models are adding value and transforming the geothermal finance landscape. |
| 15:15 - 15:45 | coffee break |
| Financing Mechanisms in Geothermal A deep dive into the concrete opportunities that geothermal project finance is offering for the green energy investment community. From Carbon Credits to Green Bonds, this session will feature insights from Brynja Kolbrún Pétursdóttir (Orkuveitan), Luca Pozzoni (Exergy ORC), and Robert Voskuilen (FMO - Dutch entrepreneurial development bank). The discussion will be facilitated by moderator Solrun Kristjansdottir (Veitur). |
Side Sessions & Workshops:
The EU Geothermal Strategy
The EU Geothermal Strategy
Tuesday, 23 April 2024, 11:00 – 12:30. Break-Out Room 1
The EU is embarking on a phenomenal journey towards geothermal implementation. The European Parliament’s Plenary voted on a resolution, led by Professor Krasnodębski MEP from the European Conservatives & Reformist Group (ECR), to support a European geothermal energy strategy.
In this session, Moderator Margaret Krieger will explore with our partners from France (Jean-Jaques Graff), Poland (Beata Kepinska), the Netherlands (Hans Bolscher), and the European Geothermal Energy Council (Sanjeev Kumar), how the global industry can help to develop an European strategy for geothermal energy to reduce administrative burdens and aid investments in buildings, industry and agricultural sectors across the Union, and set-up the Geothermal Industrial Alliance to fast-track best practices and the effective implementation of legislation. In addition, the IGA is keen to help ensure a harmonized financial risk mitigation insurance scheme that can be globally deployed as well.
Aligning capital and opportunity: the geothermal challenge (by Deep Energy Capital)
Aligning capital and opportunity: the geothermal challenge
Tuesday, 23 April 2024, 11:00 – 12:30, Breakout-Room 2
Misalignments between geothermal project structuring and capital markets norms are constraining access to funding. How can these be addressed to potentially unlock the trillions of dollars being invested by institutional investors? An insightful session powered by Deep Energy Capital.
Project finance documentation - why is geothermal energy different? (by ING & Stek Advocaaten)
Project finance documentation – why is geothermal energy different?
Tuesday, 23 April 2024, 14:00 – 15:15. Breakout-Room 1
The fundamentals of project finance are fixed cash flows for revenue and tight planning of investment costs based on contracts that are fixed at financial close. Some of those elements work differently with geothermal energy. What documentation solutions and approaches could be used to make geothermal projects bankable after all?
After a more general introduction of the geothermal energy finance market and transaction experience, this session will focus on key characteristics of financing geothermal projects as well as on the financing documentation used.
Revitalizing Geothermal Wells: New Techniques for Restoring and Enhancing Production Capacity (by Solenis)
New Technique For Restoring Lost Production From Formation Scale: Dead and Dying Production and Reinjection Wells To Original Capacity and Beyond
Tuesday, 23 April 2024, 14:00 – 15:15. Breakout-Room 2
This is a significant step forward for the Geothermal industry.
Since the mainstream use of geothermal energy for electricity production began in the 1950s one problem that has so far eluded us is the ability to bring production and reinjection wells back to life after they have experienced blocking due to scaling deep in the formation. Around the world today there exist hundreds of production and reinjection wells where the well structure (casing integrity) is intact but due to formation scale these wells lay redundant.
Solenis has developed a technique with dual ability: to clean formation scale and to stimulate the formation, in both production and reinjection wells.
In the past few years several production and reinjection wells have been cleaned with the new technique and it has significantly increasing capacity above the historic maximums in many cases, indicating stimulation of the reservoir in addition to cleaning of scale. This paper documents case studies and explains the technique and pre work / investigation used to decide whether the technique is appropriate for the well in question.
This is an exciting development for companies with production (or reinjection) wells that are dead or declining due to formation scaling, and/or with clean wells who wish to increase their capacity.
We thank our Silver & Sustainability Sponsor Solenis for hosting and organizing this session.
Risk Mitigation Schemes Worldwide (by Rödl & Partner)
Risk Mitigation Schemes Worldwide
Tuesday, 23 April 2024, 15:45 – 17:00. Break-Out Room 1
Join us for an enlightening side session at GGIS2024, “Risk Mitigation Schemes Worldwide,” where key industry figures will discuss the various strategies and schemes designed to mitigate risk in the geothermal sector across different regions. Organized by Maria Ueltzen from Rödl & Partner, the session will delve into successful models like the Geothermal Risk Mitigation Facility (GRMF) for Africa and Germany’s national schemes, providing insights into how these frameworks support and enhance geothermal projects.
Contributions will also include perspectives from Jean-Jacques Graff of the French Geothermal Association AFPG, discussing risk mitigation in France, and Gitta Zaalberg from EBN, who will share details about the Netherlands’ approach to managing geothermal risks.
This session is a must-attend for anyone involved in the geothermal industry, from policymakers to developers and investors, seeking to understand how different countries are encouraging geothermal development through innovative risk mitigation strategies.
Discover how these tailored approaches can be applied to advance geothermal energy projects in various geological and economic contexts, and join the conversation on enhancing the security and viability of geothermal energy investments.
Day 2 (24 April 2024) – Impact Investment in Geothermal
| Time | Main Stage |
|---|---|
| registration & coffee | |
| 09:00 - 09:30 | Opening Session / Keynote: Day 2 kicks off with an opening by Gurbuz Gonul (IRENA) and a keynote by Amanda Lonsdale (USAID Climate Finance for Development Accelerator (USAID CFDA), that frames the significance of impact investment in propelling geothermal energy forward. The session and day will be expertly guided by our Master of Ceremony, Boel Stier (Baseload Capital). |
| 09:30 - 10:30 | Triple Up Finance: A pivotal discussion on financing the rapid expansion of renewables with Bruce Douglas from the Global Renewables Alliance (GRA), Eddie Rich from the International Hydropower Association (IHA), Marit Brommer (IGA), Rebecca Collyer (European Climate Foundation), and Gurbuz Gunul (IRENA) addressing the urgent need for investment to achieve the 2030 renewables goal. Moderator: Arthur Wiggers (GRA). |
| 10:30 - 11:00 | coffee break |
| 11:00 - 11:30 | special surprise |
| 11:30 - 12:30 | Exploring Dedicated Geothermal Funding Mechanisms: Discover unique funding approaches for geothermal energy with insights from Terra Rogers (Clean Air Task Force), Torsten Kolind (Underground Ventures), and Magnus Brandberg (Baseload Capital). Panellists will discuss the intricacies of funding from concept to commercialization, moderated by Aurore Belfrage (SusTechable). |
| 12:30 - 13:30 | lunch break |
| 13:30 - 14:45 | Scaling Up to Accelerate the Geothermal Revolution: A deep dive into scaling up investments in geothermal energy with Elín Hallgrímsdóttir from The World Bank, Ann Robertson-Tait from GeothermEx Inc., Rósbjörg Jónsdóttir from the Iceland Renewable Energy Cluster, Rick Gambetta from Kalahari GeoEnergy Ltd., and Budi Herdiyanto from MEMR Indonesia. Moderator: Helen Robinson. |
| 14:45 - 15:15 | coffee break |
| 15:15 - 16:15 | Climate Neutral Cities: Learn from the experiences of Aarhus (Asbjørn Haugstrup, Innargi), Austria (Stephan Hannke, OMV), Berlin (Henning von Zanthier, Von Zanthier & Dachowski, Berlin - Poznan), and The Hague (Martijn van Stam and Johan Noordhoek, Gemeente Den Haag) in their journey towards climate neutrality, focusing on the role of geothermal in sustainable heating. |
| 16:15 - 16:30 | Closing Session: Day 2 wraps up with insightful closing remarks, summarizing the day’s key takeaways and a special announcement, marking commitments to the future of geothermal energy. |
| Aftershow Sundowner |
Side Sessions & Workshops:
Impact Investment in Geothermal - A Round Table Discussion
Impact Investment in Geothermal – A Round Table Discussion
Wednesday, 24 April 2024, 11:30 – 12:30, Breakout-Room 2
Session details. t.b.a.
How to unlock geothermal energy in LATAM?
How to unlock geothermal energy in LATAM?
Wednesday, 24 April 2024, 13:30 – 14:45, Breakout-Room 1
Latin America, with its abundant high-temperature geothermal resources, stands on the brink of a geothermal revolution. However, despite its potential and early advancements, the region’s growth in geothermal capacity has been modest compared to the global trend. This session promises to unravel the complexities behind this scenario, offering a platform to explore and unlock the region’s full geothermal capabilities.
Moderated by the insightful Cecilia Rodriguez-Gomez, the session features a line-up of geothermal experts, including Gurbuz Gonul, Vanessa Interiano, Michelle Ramirez, Oscar Eduardo LLamosa Ardila, Marlene Jamilet Elias de Quan, and Maria Cristina Higuera Cardozo. Together, they will lead a vibrant, interactive discussion, moving beyond traditional presentations to foster real-time engagement and exchange.
Our aim is to critically analyse efforts made in the past decade, understand their impact on the geothermal landscape in Latin America, and identify forward-looking strategies to overcome existing challenges. We seek not just to reflect on past actions but to forge a pathway for actionable solutions, leveraging the shared experiences and insights of our panellists and participants.
This session is set to be a dynamic convergence of ideas and expertise, where every attendee will have the opportunity to engage, ask questions, and contribute to a lively conversation. It’s more than a discussion; it’s a collaborative effort to shape the future of geothermal energy in a region ripe with opportunity.
Register now!
GGIS2024 – Full event ticket for Day 1 & 2949,00 €Ticket includes: Full conference pass for both days 23 & 24 April 2024, Note: This ticket does not include the Party on 23 April and can be booked additionally.- GGIS2024 – Day 1 – Financing Geothermal499,00 €Ticket includes: 1-day conference pass for Day 1 - Financing Geothermal (23 April 2024). Note: This ticket does not include the Party on 23 April and can be booked additionally.
- GGIS2024 – Day 2 – Impact Investment499,00 €Ticket includes: 1-day conference pass for Day 2 - Impact Investment (24 April 2024). Note: This ticket does not include the Party on 23 April and can be booked additionally.
GGIS2024 Field trip to HAL 25 April0,00 €We are excited to offer participants of the GGIS2024 a fieldtrip to Haagse Aardwarmte at the Leyweg (HAL) in Den Haag.
GGIS2024 Networking Party 23 April50,00 €Join us for an unforgettable evening at the GGIS2024 Networking Party, hosted at the vibrant and lively Crazy Pianos in Scheveningen.
Note: Registration closes Monday 22 April at 12:00 CEST!
IGA Members get a special discount! Please contact us at iga@lovegeothermal.org for further details.
A special Thank You to our sponsors!
Main Sponsor
Energie Beheer Nederland is a public energy company. We invest our knowledge, skills and financial resources to help build a sustainable energy system. We are working towards a reliable energy system in which we share the costs and benefits of the transition fairly: an energy system that works for everyone. As a state-owned company we invest in Dutch geothermal projects for direct heat through public-private partnerships.
Silver & Event Sustainability Sponsor
Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the geothermal power market. Owned by Platinum Equity, the company’s product portfolio includes a broad array of water treatment chemistries, process aids, functional additives, cleaners and disinfectants as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact, and create cleaner and safer environments.
Silver Sponsor
We are Ennatuurlijk Aardwarmte. We are leaders in geothermal heat and are among the largest geothermal producers in the Netherlands. As a team, we come from all over the world and have very diverse backgrounds. Together we share the same dream: we want to make the unlimited heat from the earth available to the Netherlands and thus accelerate the energy transition.
Special Sponsor
The Hague, being the city of peace and justice, has always had a great track record in the energy industry. It is home to research institutes, trade associations, the government, a wide range of service providers and leading companies. The Hague is a global hub for energy activities, thanks to its proximity to national government agencies, research centers, trade associations, as well as the port of Rotterdam. The region of The Hague is paving the way for sustainable energy, taking meaningful steps in Europe towards a new energy system, as well as the transition readiness of the cities to become zero-carbon areas.
New Energy covers upstream activities, such as power and heat generating industries like (offshore) wind, solar, marine, and geothermal energy, alongside sustainable solutions like green hydrogen and energy storage. The Hague offers a strong and supportive industry landscape for companies to flourish.
Known as ImpactCity, The Hague is a hub for innovation, where over 30,000 individuals come together every day to create a positive change for a better, safer, and more just world.
Merch Sponsor
Since 1987, Steam has been helping developers realize highly sustainable and highly efficient geothermal projects with minimum environmental impact. With projects in over 30 countries since 2015 and an increasing portfolio of training initiatives, Steam is an internationally recognized and dedicated geothermal consultancy.
Steam offers full-spectrum geothermal engineering and consulting, from early geothermal field due diligence, modelling and plant concept design, through exploration and development drilling engineering and supervision, as well as feasibility studies, detailed engineering design, construction supervision and O&M.
Sponsor
Innargi has the mission to decarbonize heat by bringing geothermal heating to millions of homes with expert knowledge from an experienced team of geologists, reservoir-, facility-, and drilling engineers as well as through partnerships with district heating companies and cities. We finance, construct and operate the geothermal facilities and deliver heat as a service to district heating companies.
Special Supporter
Getech is a leading locator of the essential energy and mineral resources vital for the world’s energy transition. Getech’s unique data encompassing the most recent 400 million years of Earth’s evolution, coupled with its geoscience expertise, AI-driven analytics and extensive GIS capabilities, enables the company to provide valuable and actionable insights to support resource discovery and development.
The company understands how geology, infrastructure and demand combine to identify potential sites for geothermal projects. Getech provides global screening studies, techno-economic evaluations and site specific (pre)-feasibility analyses to clients ranging from governments, municipalities and energy companies to consumer goods and computing services companies. The company works with a broad range of technology partners to recommend the most optimal solution for your situation.
Together, let’s shape the future of financing in geothermal and pave the way for a sustainable energy revolution!
FAQ
Locations
Where will the GGIS2024 be held?
The GGIS2024 will be held at the Fokker Terminal in The Hague, The Netherlands.
The Fokker Terminal is a monumental and inspiring industrial building. The heart of the building is an impressive 9 meter high airplane hangar, spanning 35 meters wide and 68 meters long. This hangar was used by students to study airplane mechanics on real airplanes. What makes the Fokker Terminal a unique conference location are the 18 different breakout rooms that are all located around the hangar. The Fokker Terminal makes it possible to organize a conference in an unusual, industrial, and inspiring environment. The venue has 400 parking spaces on site and is easily accessible with public transport.
About the Fokker Terminal: https://fokkerterminal.nl/en/
Travel Information
How do I get from Amsterdam Schiphol Airport to The Hague?
1.1 By Public Transportation:
- Location: Schiphol Airport Train Station, located beneath Schiphol Plaza.
- Frequency: Trains to The Hague Central Station (Den Haag Centraal) depart every 10 minutes from platforms 5 or 6.
- Journey Time: Approximately 27 to 48 minutes.
- Fare: Around €10 each way.
- Tickets: Available at yellow NS machines at Schiphol Plaza or online at ns.nl/en.
- Planning: For detailed travel information, visit ns.nl/en or 9292.nl/en. Search criteria: ‘from: Schiphol Airport’ to ‘Den Haag Centraal’.
1.2 By Taxi:
- Location: Official taxi rank in front of Schiphol Plaza.
- Journey Time: Approximately 30 to 45 minutes.
- Fare: Around €90 to €120.
How Do I get from The Hague Central Station to the Fokker Terminal?
2.1 By Public Transportation:
- Starting Point: “Bushalte Centraal Station Busplatform” (1-minute walk from the station).
- Bus: Number 28 towards Station Voorburg, platform O.
- Stop: Zonweg (3-minute walk to Fokker Terminal).
- Fare: Approximately €1.50 to €2.00 for a round trip.
2.2 By Taxi:
- Journey Time: Approximately 6 minutes.
- Fare: Around €11.
2.3 Shuttle Service:
- Details: To be announced. We aim to offer a convenient shuttle service for our guests.
Hotel Recommendations
City Center
- Babylon Hotel at the Central Station
https://www.babylonhoteldenhaag.com/ - Hilton Hotel
https://www.hilton.com/en/hotels/amshhhi-hilton-the-hague/ - Hotel des Indes
https://www.hoteldesindes.nl/ - Best Western Hotel
https://www.bestwestern.nl/booking-path/hotel-rooms/best-western-hotel-den-haag-92702 - Stadsvilla Mozaic Hotel
https://www.mozaic.nl/ - NH Hotel
https://www.nh-hotels.com/en/hotel/nh-den-haag
Between City and the Beach
Close to the Beach
- Kurhaus Hotel
https://www.amrathkurhaus.com/
General recommendation
- Fletcher Hotels at various locations
https://www.fletcher.nl/nl/hotels/lijst?query=Scheveningen
