Dec 05, 2024
Geothermal energy development in Alberta, Canada, has significant potential, underpinned by the province’s skilled workforce, resource extraction expertise, and existing infrastructure. Yet innovators and the industry face considerable political, financial, technical, and regulatory challenges that must be addressed to fully harness this potential for Canada and aid its energy transformation.
Early in 2024, CRIN hosted a workshop series to explore geothermal development in Canada. Participants included developers, service providers, industry leaders, Indigenous groups, academics, and funders. The workshops targeted identifying challenges and benefits of geothermal energy in Canada, such as energy security, decarbonization, food security, job creation, and supply chain opportunities.
To realize its geothermal potential, Alberta must address political, financial, technical, and regulatory obstacles. By building on its existing strengths and fostering collaborative efforts, Canada can lead the way in geothermal energy development, contributing to a sustainable and resilient energy future.
Canada’s legacy in responsible hydrocarbon resource development offers a strong foundation for geothermal development, with experienced personnel, established infrastructure, regulatory and risk management expertise.
Leveraging this foundation allows geothermal developers to reduce startup costs and operational challenges. By viewing geothermal as complementary to traditional energy sectors, Canada can integrate this resource into its energy mix while optimizing economic and environmental benefits for Canadians.
