Fossil fuels such as oil, coal, and natural gas on the contrary are available in finite quantities only. As we keep extracting them, they will run out sooner or later. Although produced in natural processes, fossil fuels do not replenish as quickly as we humans use them.
Message from the president of the board
Sustainable Energy is a Must!
Renewable energy is energy derived from natural resources that replenish themselves in less than a human lifetime without depleting the planet’s resources.
These resources “such as sunlight, wind, rain, tides, waves, biomass and thermal energy stored in the earth’s crust” are available in one form or another nearly everywhere. They are virtually inexhaustible. And, what is even more important, they cause very little climate or environmental damage comparing with any other source of energy.
Creating a value formed by sustainably and responsibly for the environment by investing in the green power is the most important R&D process our decade.
Environmental, Social and Governance (ESG) standards are in the core of our decision-making process. Board of Directors supervise the whole management team to provide the viability and its creation of sustainable, long-term returns.
Lately, the position of the energy industry has been changing dramatically. New or updated international agreements are being done such as concerning climate change, and trends toward the low-carbon/zero-carbon society.
Geothermal Energy Plants are perhaps the most important ones amongst all green production. Because its source is the almost unlimited amount of heat generated by the Earth’s core. In geothermal plants hot water taken from the reservoir is than being reinjected back to its original place. This makes the process the most sustainable energy source.
Geothermal power plants produce electricity consistently, running 24 hours per day / 7 days per week, regardless of weather conditions. No need for importing LNG, coal or diesel, if you produce your own energy. The footprint of a geothermal power plant is very small, using less land per GWh than wind, solar PV with center station or coal.
Mehmet KÜÇÜKBEYCAN
MSc, MBA
President of the Board
Figures
Kucuk Menderes Enerji A.S.
in Numbers
35
MWe Geothermal
2
MWe Solar
3.6
MWe WindGo Green, Go Geothermal, Solar & Wind!
Ecology Is Your Best
Investment
Green energy is a hot topic in a world concerned about climate change. Power generation that doesn’t rely on the burning of fossil fuels to generate electricity for our homes or industries is creating a growing number of investment opportunities. Water, wind and solar are among the top sources of renewable energy.
Renewable Energy
BENEFITS OF USING GEOTHERMAL ENERGY
- First, it’s clean. Energy can be extracted without burning a fossil fuel such as coal, gas, or oil. Geothermal fields produce only about one-sixth of the carbon dioxide that a relatively clean natural-gas-fueled power plant produces, and very little if any, of the nitrous oxide or sulfur-bearing gases. Binary plants, which are closed cycle operations, release essentially no emissions.
- Geothermal energy is available 24 hours a day, 365 days a year. Geothermal power plants have average availabilities of 90% or higher, compared to about 75% for coal plants.
- Geothermal power is homegrown, reducing our dependence on foreign oil.
Is Geothermal Energy harmful?
Geothermal energy has the smallest land footprint of any comparable energy source in the world. Direct use applications and geothermal heat pumps have almost no negative effects on the environment. In fact, they can have a positive effect by reducing the use of energy sources that may have negative effects on the environment.
Does generating electrical power from geothermal sources causes pollution?
Electrical power does not, by its nature, create pollution. Modern closed-loop geothermal power plants used to generate electrical power do not emit greenhouse gases. Additionally, they consume less water on average than most conventional power generation technologies.
Can we run out of geothermal energy?
It is a renewable energy and will never deplete. Abundant geothermal energy will be available for as long as the Earth exists. Worldwide energy consumption is currently around 15 terawatts, which is far from the total potential energy available from geothermal sources. Can be produced consistently, running 24 hours a day, 7 days a week, regardless of weather conditions.
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