Geothermal Energy

The European Union Emission Trading System (EU ETS) is one of the key policies introduced by the European Union to promote emission-reductions in a cost-effective and economically efficient manner. The EU ETS was introduced in January 2005 as the largest greenhouse gas emission trading system worldwide that spans multiple countries and different sectors.

The power industry is one of the few industrial sectors, which affect prosperity of every sphere of economic and social life and exert a direct influence on general technological progress. Much of the world’s energy, however, is currently produced and consumed in ways that could not be sustained if technology were to remain constant and if overall quantities were to increase substantially.

The biggest disadvantage of Geothermal Energy for the production of electricity is that it requires a natural geothermal reservoir and thus it cannot be widely used. These geothermal reservoirs are available in only some areas of the world and particularly near the tectonic places where there is also high volcano activity.

Geothermal Energy is thermal energy that comes directly from the heat of the earth. The word geothermal comes from the Greek word “γη”, which means earth and from the Greek word “θερμός”, which means hot. The heat from the earth is then used in the form of steam or hot water to heat buildings or produce electricity.

Geothermal energy can be utilized in three different forms. First, by using geothermal heat pumps for heating and cooling purposes of buildings, second by utilizing geothermal reservoirs for the commercial production of electricity and third by the use of Enhance Geothermal Systems for the commercial production of electricity.

We have seen in previous articles how Geothermal Energy can be used for the production of electricity and for heating and cooling purposes of buildings. The following is a list of interesting facts about Geothermal Energy.

Before the installation of a Geothermal Heat Pump (GHP) system a number of design factors need to be considered. One of the most critical design factors is the type the loop of the GHP system. There are 2 types of GHP systems namely the closed loop systems and the open loop systems.