North America and Asia Pacific Lead the Market for Geothermal Power, With a Combined 56 Projects in Final Stages of Development,

  North America and Asia Pacific Lead the Market for Geothermal Power, With a
  Combined 56 Projects in Final Stages of Development, According to Navigant
  Research

Business Wire

BOULDER, Colo. -- June 7, 2013

Conventional geothermal power exploits naturally occurring pockets of steam or
hot water close to the Earth’s surface to generate electricity. Because such
conditions are rare, the majority of today’s geothermal power projects are
located in areas where such anomalies are most likely to be present. According
to a recent report from Navigant Research, North America and Asia Pacific lead
the world in terms of geothermal power projects in the final stages of
development, with 56 reported projects in either active drilling or
construction stages. Nearly all of these projects are in the United States,
the Philippines, and Indonesia, the top three countries in installed
geothermal power production capacity globally, the study concludes.

“More than 4 gigawatts (GW) of geothermal power capacity are expected to come
online worldwide between 2013 and 2018,” says Mackinnon Lawrence, principal
research analyst with Navigant Research. “This total includes only projects in
advanced stages of development. A significant, though mostly unconfirmed,
amount of capacity remains locked up in early-stage projects, some of which
are likely to be cancelled before completion. As a number of these projects
are further developed and their resource potential confirmed, the long-term
pipeline – 2017 and later – is expected to expand proportionally.”

Although North America leads all regions with the largest number of projects
in the pipeline, Asia Pacific has the most reported capacity under
development. Located in areas of high seismic and volcanic activity, the
island nations of Indonesia and the Philippines account for 63 percent of
reported projects across the Asia Pacific region, according to the report. A
reported 7.4 GW is currently in the pipeline in Asia Pacific, representing 40
percent of the global capacity under development. Latin America and Africa
account for a combined 3.8 GW of additional capacity under development equal
to 20 percent of the global pipeline.

The report, “Geothermal Power Projects”, includes a database covering
geothermal power projects targeting hydrothermal, enhanced geothermal systems,
and co-production resources. The database lists projects by geographic region
and provides key metrics on development stage, resource temperature
characteristics, expected project completion date, and total capacity. The
goal of this database is to provide the most up-to-date summary of geothermal
power projects available globally. An Executive Summary of the report is
available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Geothermal Power Projects,” is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results may
differ materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies used to
create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com