In June of this year, the California Public Utilities Commission put out a decision requiring an additional 11,500MW of clean energy capacity to be procured by entities supplying the California grid by 2026. But also stipulated 1,000MW of this has to come from zero-emitting, renewable resources that have at least an 80% capacity factor, or, geothermal. In part 1 of this series we talked about the new technologies enabling geothermal development. In part 2, we'll talk about the business case -- how this regulation has set off a wave of activity in the sector, from incumbent geothermal developers, and those planning to utilize new geothermal generation technologies. Today on the show, we’ve got Paul Thomsen, Vice President of Business Development at Ormat Technologies. He’ll tell us about what’s going on in California and how Ormat and others are responding to this demand.

BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.

Switched On is hosted this week by Mark Taylor.

In June of this year, the California Public Utilities Commission put out a decision requiring an additional 11,500MW of clean energy capacity to be procured by entities supplying the California grid by 2026. But also stipulated 1,000MW of this has to come from zero-emitting, renewable resources that have at least an 80% capacity factor, or, geothermal. In part 1 of this series we talked about the new technologies enabling geothermal development. In part 2, we'll talk about the business case -- how this regulation has set off a wave of activity in the sector, from incumbent geothermal developers, and those planning to utilize new geothermal generation technologies. Today on the show, we’ve got Paul Thomsen, Vice President of Business Development at Ormat Technologies. He’ll tell us about what’s going on in California and how Ormat and others are responding to this demand.BNEF users can hear this interview and more, on BNEF&lt;GO&gt; on the Bloomberg Terminal, <a href="https://cms.megaphone.fm/organizations/0bbaaaa6-027b-11e7-b684-3717adf9e9b8/podcasts/17d0d27e-92a8-11e9-9d5e-43538e740cb6/episodes/15acdd24-677f-11ea-9cd2-ffae81e64385/www.bnef.com">bnef.com</a> or <a href="https://about.bnef.com/mobile/">BNEF Mobile</a>.Switched On is hosted this week by Mark Taylor.

Conversations about global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Each week, Dana Perkins sits down with different BloombergNEF (BNEF) analysts to discuss their latest research and unique perspective on the future of energy, transport, agriculture, sustainability and more.

Conversations about global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Each week, Dana Perkins sits down with different BloombergNEF (BNEF) analysts to discuss their latest research and unique perspective on the future of energy, transport, agriculture, sustainability and more.

The future of energy, transport, sustainability and more from Bloomberg analysts

Switched On

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins sits down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins sits down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The Future of Geothermal Part 2: The Business Case

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/916c4877-f99c-43c8-8452-ae3c00027140/transcript

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