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CORE knowledge is a podcast devoted to exploring the many facets and immense potential of an old, but newly revivied energy source; Geothermal. The aim is to engage the energy, policy making and the investment communities in order to spur innovation in the geothermal space and also bring awareness to the immense potential it has to be a baseload energy source for the future.
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The role that research centers play in any energy ecosystem are extremely vital. We have seen this play out in the Oil and Gas space, mining, environmental, and so on. Well, Geothermal is no different. The Cascade Institute is on a mission to unlock ultra-deep geothermal resources within Canada specifically with the hopes that it spurs traction globally. From funding models, policy support, to in field test sites where technology can be de-risked unlocking critical investment dollars, these institutes are a key piece to the energy ecosystem. This episode features Peter Massie, the Director of the Geothermal office at the Cascade Institute and we touch on many of these topics and more, so come have a listen. Cascade Institute https://www.linkedin.com/company/cascade-institute/posts/?feedView=allPeter Massiehttps://www.linkedin.com/in/peter-massie/Peter's Book Recommendation How Solar Energy Became Cheap by Greg NenetHow Solar Energy Became Cheap: A Model for Low-Carbon Innovation: Nemet, Gregory F.: 9780367136598: Amazon.com: BooksCORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestarihttps://www.linkedin.com/in/nick-cestari-48059268/
The Future of Geothermal. What is it and how does it play out? The recent report by the IEA with the aforementioned title "The Future of Geothermal" goes into detail on the past, present and future of geothermal, new technologies, startups, oil and gas crossover, and so much more. It is well worth a read, but in the meantime, I sat down with Heymi Bahar, a senior analyst with the IEA to talk about the report in detail, giving a view into what the future may indeed hold for this amazing resource - the heat beneath our feet. Heymi Bahar https://www.linkedin.com/in/heymi-bahar/IEA https://www.linkedin.com/company/international-energy-agency/posts/?feedView=allHeymi's Book Recommendation The Perfectionist: Life and death in Haue cuisine by Stephen Chelminski Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/CORE Knowledge https://www.linkedin.com/company/core-geothermal
The heat beneath your feet. We say it at the beginning of every episode, and we mean it. There exists an immense energy source everywhere you are beneath your feet. Our goal is to shed light on the amazing people and companies working to bring geothermal projects to life. This week, Croatia is the country, and ENNA Geo is the company taking charge, bringing forward geothermal projects with the aim of having 20-30 MW online in the next 5 years. Tune into my conversation with Ivana Ivancic and Boris Vidos to hear more about the challenges ahead, promising projects and more. ENNA Geo https://www.linkedin.com/company/ennagroup/Ivanahttps://www.linkedin.com/in/ivana-ivancic-29385238/Borishttps://www.linkedin.com/in/boris-vidos/Book RecommendationsWhat I talk about when I talk about Running by Haruki Murakami and the Bible12 rules for Life by Jordan PetersonCORE Knowledge https://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Heating and cooling as an industry is one of the main offenders when it comes to emissions and accounts for a large pull on the energy sector as well. So, how do you solve the problem of decreasing energy demand while increasing resiliency and sustainability? Geothermal. The Earth has a stable temperature of around 55-70 degrees F depending on depth everywhere in the world and it can be tapped to be utilized for heating and cooling, both residential and commercial. I sit down with Ammar Alali, the CEO of Strataphy to talk about the huge opportunity that sits in front of the geothermal industry and how he and his team are looking to capitalize. Strataphy https://www.strataphy.com/Ammar Alali https://www.linkedin.com/in/ammar-alali/Ammar's Book RecommendationThe Tipping Point by Malcolm GladwellCORE Knowledge https://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Innovation is at the heart of the energy industry and with geothermal it is no different. Sigurdur Markusson has been involved in a variety of projects that have dealt with harvesting geothermal energy and using it to sustainably produce food and now takes over the role of managing director at GEORG. It is time for collaboration, innovation, and awareness to accelerate for the geothermal industry. GEORGhttps://www.linkedin.com/company/georg-geothermal-research-cluster/about/Sigurdur Markussonhttps://www.linkedin.com/in/sigurdur-h-markusson-8b979729/CORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
The Earth's heat produced from radioactive decay in the core has many benefits once recovered and brought to the surface. Most focus is placed on its ability to provide baseload power, which is important, but arguably the most widespread use case being heating and cooling gets overlooked. Geothermal is ubiquitous throughout the planet, however, it does vary by location the feasibility of extracting the resource, but harvesting low temperature resources can be done most anywhere. Once harvested, the use cases are seemingly endless, heat and cool your home, office building, school, grow vegetables, process dairy, aquaculture, and so much more. I had the chance to sit down with Celia Wells who is the Strategic Developments Manager at GeoExchange NZ and talk about their goals, the size of the prize and what challenges lie ahead. GeoExchange NZhttps://www.linkedin.com/company/geoexchange-new-zealand/posts/?feedView=allCelia Wellshttps://www.linkedin.com/in/celia-wells-74402291/Celia's Book Recommendation Range by David Epstein CORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Large scale energy infrastructure projects require significant up-front investment and usually carry a considerable amount of risk. How the projects are financed plays a key role in the success of the project and future scalability. Geothermal is no different than the Oil and Gas industry, solar, wind, hydrogen you name it - a lot of money will be needed but will need to be efficiently and effectively deployed to achieve the desired outcome for all stakeholders. I sit down with Amanda Lonsdale at Magnitude Global Finance to talk about the nuances in financing large scale projects, available instruments to mitigate risk, and hurdles still to overcome. Magnitude Global Finance https://www.linkedin.com/company/magnitude-global-finance/Amanda Lonsdale https://www.linkedin.com/in/amanda-lonsdale-390749/Amanda's Book RecommendationCreating Climate Wealth by Jigar Shah CORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestarihttps://www.linkedin.com/in/nick-cestari-48059268/
World Geothermal Energy Day 2024 - CORE Knowledge got to be a part by helping to raise awareness, be a voice and spread educational content around geothermal and what roles it can play in the energy ecosystem of today and tomorrow. I sit down with Jason Fisher from Blue Spark and Peter Duncan from Microseismic to cover a variety of topics from why they love geothermal to how it has changed the way we look at decarbonizing the globe. Blue Spark https://www.linkedin.com/company/bluesparkenergy/Jason Fisher https://www.linkedin.com/in/geothermal-fisher/Microseismichttps://www.linkedin.com/company/microseismicinc/posts/?feedView=allPeter Duncan https://www.linkedin.com/in/petermduncan/CORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/Gallanthttps://www.linkedin.com/company/gallantculture/posts/?feedView=all
Today's episode brings a perspective from a company that gets to be a part of a myriad of geothermal projects all across the globe. Steam Geothermal, an owner's engineering consultancy specializes in simply coming in alongside the developer to fill gaps where their expertise is lacking on top of being a voice for the geothermal sector around the world. We sit down with William Thompson, Strategic Development Director at Steam about how he got lured into geothermal, helped with a complete rebrand and now how he is leading Steam's efforts in championing geothermal plus aiding in developing truly transformational projects. Steam Geothermal https://www.linkedin.com/company/steam-geothermal/posts/?feedView=allWilliam Thompson https://www.linkedin.com/in/twilliamthompson/William's Book recommendationMeditations by Marcus AureliusCORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Australia is no stranger to natural resources; they are a powerhouse in the mining and petroleum industry and now are a burgeoning developer in the renewable energy space. With energy security and sustainability top of mind for many in today's world, Australia is tackling this by exploring all potential solutions. One, however, may just hold the golden ticket for them once again to become a powerhouse - geothermal. Come, listen into my conversation with Adam Stepanoff of Whitebark Energy Ltd., a leader in the space, with some of the first and largest permitted areas for geothermal exploration and development to learn about some of the hurdles and opportunities the country faces. Adam Stepanoff https://www.linkedin.com/in/adam-stepanoff-70267265/Whitebark Energy Ltd. https://www.linkedin.com/company/whitebark-energy-limited/posts/?feedView=allAdam's Book Recommendation The Courtneys of Africa by Wilbur Smith CORE Knowledge https://www.linkedin.com/company/core-geothermal/?viewAsMember=trueNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
When designing and developing a project, it is important to consider the full generation life cycle in order to incorporate efficiencies, cost savings, safety measures, inclusivity, and so much more. In the case of geothermal, it allows for innovative thinking around how to incorporate a mindset of circular economy benefits and engaging with the local community to ensure mutual benefit. I had the pleasure of sitting down with Greg Thompson, the acting CEO at the time of the interview at MB Century and the Director of International BD, Robert Mandjes to discuss the rich history of MB Century and how they are innovating and continuing to lead in the design and development of various energy projects across New Zealand. MB Century https://www.mbcentury.com/Robert Mandjeshttps://www.linkedin.com/in/robertmandjes/Greg Thompson https://www.linkedin.com/in/greg-thompson-5173831a/CORE Knowledgehttps://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
1Often times in the midst of forging a new path, discovering a new breakthrough technology, or simply applying a new technique or theory it is hard to think about what the future might hold. In this case, Devon Energy was pioneering the deployment of fiberoptic cables permanently downhole to help analyze many facets of their operations and now in the heat of the energy transition, they have teamed up with a leading geothermal energy developer, Fervo Energy to yet again forge a new path. Come join the riveting coversation with Kyle Haustveit, Manager of Devon Energy Ventures as we discuss how the past is helping lead the way for the future and how Devon is playing a role. Kyle Haustveit https://www.linkedin.com/in/kyle-haustveit/ Devon Energy https://www.devonenergy.com/Kyle's Book recommendationThe War below and Elon Musk by Walter Issacson CORE Knowledge https://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Always been interested in learning more about the circular economy? How does geothermal fit in? Can we create a truly self-sustaining ecosystem? Come listen in to my conversation with Helga Johannsdottir, Manager of Business Development at ON Power Iceland where we talk about their geothermal park and how they are creating a circular economy. Their model is not isolated to just Iceland and their hope as well as mine is that they can be an example for many others to create something similar. Helga Johannsdottirhttps://www.linkedin.com/in/hkjohannsdottir/ON Power https://www.on.is/Helga's Book Recommendation The Power of Habit by Charles DuhiggCORE Knowledge https://www.linkedin.com/company/core-geothermal/?viewAsMember=trueNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Curious to learn more about Exergy and their innovative ORC design? Well, first listen to this great episode where we delve into just that, but also go and check out their website or reach out to either Luca! Exergy ORChttps://www.exergy-orc.com/Luca Pozzonihttps://www.linkedin.com/in/luca-pozzoni-63739316/Luca Vaninihttps://www.linkedin.com/in/vaniniluca/CORE Knowledge https://www.linkedin.com/company/core-geothermalNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
There will always be the doubters who say that something is impossible and will never be achieved or realized. To people like Steve and John of Hephae Energy, it is music to their ears, a challenge accepted to go beyond where anyone has before. That is what they are doing for the geothermal industry in developing rotary steerable and MWD tools that can operate precisely downhole at temperatures well above 175 degrees C. Hephae Energy https://www.hephaeet.com/Steve Krasehttps://www.linkedin.com/in/stevekrase/CORE Knowledgehttps://www.linkedin.com/company/core-geothermal/?viewAsMember=trueNick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Iceland Drilling has been drilling geothermal wells for many years now, and is even taking their skillset and knowledge abroad to help in accessing this immense resource of heat beneath our feet. This episode talks all about the past, present, and future of the geothermal industry, Iceland Drilling and its role in that, as well as how we can look to continually advance and learn. Iceland Drilling https://www.jardboranir.is/Sveinn Hannesson https://www.linkedin.com/in/sveinn-hannesson-604b184/Daniel Draderhttps://www.linkedin.com/in/daniel-d-01730b44/CORE Knowledgehttps://www.linkedin.com/company/75072170/admin/feed/posts/Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Cross pollination within the energy sector is a must in order to achieve the global targets we have set out for ourselves. As energy demand rises rapidly, the need to decarbonize increases in importance, I believe the energy sector will actually shrink. Not in production or employees, but in how many once siloed companies and industries cross over into new territory. Join me as I talk with the one, the only Patrick Hanson, Senior Geothermal Development Manager with Expro about this very thing and how he is excited to be part of this future energy ecosystem. Expro https://www.expro.com/region/locations/corporate-hq-1Patrick Hansonhttps://www.linkedin.com/in/phanson610/Patrick's book recommendation The subtle art of not giving an F$%!CORE Knowledgehttps://www.linkedin.com/company/75072170/admin/feed/posts/Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
When time is spent comparing every energy source it can be missed how they complement each other and can ultimately unlock even more technologic advancement that enables decarbonization. Today's episode is to highlight some incredible energy entrepreneurs with Premier Resource Management that are trying to change this by combining solar, geothermal and storage. Mike Umbro, Partner and Head of Corporate Development gives us some insight into how this project can catapult the transition to carbon negative, renewable and resilient energy. Premier Resource Management https://www.linkedin.com/company/premier-resource-management-llc/about/Mike Umbrohttps://www.linkedin.com/in/mikeumbro/Mike's Book Recommendation Governing the commons by Elinor OstromCORE Knowledgehttps://www.linkedin.com/company/75072170/admin/feed/posts/ Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Scaling up many of the low carbon solutions that will help to decarbonize our world need extensive investment along with support in the form of access to market. Who better than incumbent energy companies to do this? They have balance sheets, established supply chains across the entire value chain of energy, social reputations and beyond. Ecopetrol is leading the way and setting a great example. They were the first energy company to announce roadmap to lower carbon intensity and emissions by 2040. Join in on my conversation with the Vice President of Low Carbon Solutions, Yeimy Baez and learn a little more on what exactly that roadmap entails. Ecopetrol https://www.ecopetrol.com.co/wps/portalYeimy Baezhttps://www.linkedin.com/in/yeimyb%C3%A1ez/Yeimy's Book Recommendation Love in the time of cholera by Gabriel Garcia Marquez CORE Knowledge https://www.linkedin.com/company/core-geothermal/Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
Ensuring access to food, water, and energy are some of the key objectives for the next couple decades, but doing so in a sustainable way is equally important. Geothermal can not only help address the access to energy for developing countries, but it also can play a significant role in eliminating food deserts, producing sustainable food even in climates that previously prohibited it. I sit down with Arni Pall Einarsson, Chief Commercial Officer at Matorka to talk about the fish farming industry and how they are pioneering with sustainable arctic char production utilizing geothermal. Matorka https://matorka.is/Arni Pall Einarsson https://www.linkedin.com/in/arni-pall-einarsson-03b75556/Arni's Book Recommendation Reluctant Genius by Charlotte Gray CORE Knowledge https://www.linkedin.com/company/75072170Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/
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