Program

At a Glance

Time / Date

22/04

23/04

24/04

25/04

Morning

Sessions & Workshops
09:00 - 12:30

Sessions & Workshops
09:00 - 12:30

Field Trips
09:15 - 11:10 & 10:45 -12:40

Afternoon

Sessions & Workshops
14:00 - 17:00

Sessions & Workshops
13:30 - 16:30

Evening

Welcome Reception
16:00 - 18:00

Networking Party
19:00 - 01:00

Aftershow Sundowner
16:30 - 18:00

Day 1 (23 April 2024) – Financing Geothermal

TimeMain Stage
08:00 - 09:00registration & coffee
09:00 - 09:30Opening 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 - 10:30Global 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 - 11:00coffee break
11:00 - 12:30Overcoming 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 - 14:00lunch break
14:00 - 15:15New 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 - 15:45coffee break
15:45 - 17:00Financing 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:

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. Room t.b.a.

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.

Project finance documentation – why is geothermal energy different?

Tuesday, 23 April 2024, 14:00 – 15:15. Room t.b.a.

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.

The EU Geothermal Strategy

Tuesday, 23 April 2024, 11:00 – 12:30. Room t.b.a.

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 the IGA will explore with our partners from France (Jean-Jaques Graff), Poland (Beata Kepinska), the Netherlands (Hans Bolscher), and Denmark (Asbjørn Haugstrup), 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.  

More Side Sessions & Workshops (details t.b.a. soon):

  • Risk Mitigation Schemes Worldwide

Day 2 (24 April 2024) – Impact Investment in Geothermal

TimeMain Stage
08:00 - 09:00registration & coffee
09:00 - 09:30Opening 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 - 10:30Triple 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), and Gurbuz Gunul (IRENA) addressing the urgent need for investment to achieve the 2030 renewables goal. Moderator: Arthur Wiggers (GRA).
10:30 - 11:00coffee break
11:00 - 11:30special surprise
11:30 - 12:30Exploring 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 - 13:30lunch break
13:30 - 14:45Scaling 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 - 15:15coffee break
15:15 - 16:15Climate 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 - 16:30Closing 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.
16:30 - 18:00Aftershow Sundowner

Side Sessions & Workshops:

Connecting Geothermal Impact in Iberoamerica

Wednesday, 24 April 2024, Time and Room t.b.a.

Momentum is building for geothermal energy, both in Spanish-speaking Europe and the Spanish-speaking regions of the American continent. The International Geothermal Association (IGA) is at the forefront of fostering this momentum. The Summit serves as a catalyst for networking opportunities and cross-border relationship-building activities. Language and culture, intricately intertwined, further strengthen these connections.

In response to specific demand from the vibrant Spanish-speaking community, the IGA is delighted to host this special session – “Connecting Geothermal Impact in Iberoamérica” to convene a community meeting on all geothermal opportunities happening, scheduled, and initiated in Spain, Central America, and South America.

The special session will facilitate knowledge sharing and community building,  offer advice and build relationships across the event and signals specific opportunities for Spanish-speaking communities both in the EU and Central & South America.

More Side Sessions & Workshops (details t.b.a. soon):

  • Impact Investment in Geothermal
  • Policies & Regulations in the EU