Direct measurements of secondary water inventory of steam generator PGV-213 in operation

Energy Technology Data Exchange (ETDEWEB)

Tarankov, G A; Trunov, N B; Dranchenko, B N; Kamiagin, W W [OKB Gidropress (Russian Federation)

1998-12-31

Results of weight measurement of PGV-213 steam generator during filling in, heating-up and power increase are described. Special measurement system based on stress gauges has been developed. Method of derivation of secondary water inventory is described. Comparison of the data for two steam generators prove accuracy of the measurements. (orig.). 1 refs.

Universities Venture into Venture Capitalism.

Science.gov (United States)

Desruisseaux, Paul

2000-01-01

Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

How Korean Venture Capitals Invest In New Technology Ventures

Directory of Open Access Journals (Sweden)

Youngkeun Choi

2013-01-01

Full Text Available In the entrepreneurship field, this study examines what kinds of external endorsements are helpful for venture capitals investment and the growth of new technology ventures in developing countries. This study uses the signalling theory and the methodologies of multiple regression and survival analysis with the panel data of the ventures in Korea. In the results, collaboration with business groups and certification of government are positively influential in attracting venture capitals’ investment, which accelerate the growth of new technology ventures. The practical implication for entrepreneurs is that they need to obtain the endorsement from business groups and governments strategically.

Case : Google ventures

NARCIS (Netherlands)

Friesike, Sascha; Gassman, Oliver; Schweitzer, Fiona

2013-01-01

Google Ventures - the venture capital department of Google - couples the idea of a corporate incubator with the methods of a classical venture capital firm. A corporate incubator strives to create innovation, whereas a venture capital firm's idea is to create money. As such, corporate incubators

Report on a mission to the Philippines regarding the opportunities for private investment in geothermal power generation

International Nuclear Information System (INIS)

1990-12-01

The Philippines has a rich potential for geothermal energy development, according to the assessment of opportunities for U.S. private investment in the sector. Areas covered in detail are the Philippines' geothermal resources, the legal structure of the geothermal industry, conditions acting as stimuli to geothermal power generation, and interest in private geothermal investment. Major finding are as follows. (1) The Philippine geothermal power industry is the world's second largest. (2) Geothermal resources are owned by the Government of the Philippines and a complex legal structure governs their exploitation. (3) Since the Philippines is poor in most energy resources (e.g., coal, oil, and gas), use of geothermal energy is necessary. (4) Despite legal and structural obstacles, various foreign private enterprises are interested in participating in geothermal development. Two possible options for U.S. investors are presented: a joint venture with the National Oil Company, and negotiation of a service contract, either alone or with a Philippine partner, for a concession on land administered by the Office of Energy Affairs

Economic analysis of venture capital funds rate of return on venture activity

Directory of Open Access Journals (Sweden)

Usatenko O.V.

2017-08-01

Full Text Available The research deals with the topic of the analysis of venture capital funds’ rate of return on venture activity. The discovered venture capital funds have such a peculiarity as the involved investors of various types and concentrated financial resources, which lead to advantages in investing. Based on the analyzed scientific approaches to the evaluation of income rate met by various economic entities the paper determines the optimal indicators of such an analysis developed due to the article research. They are supposed to improve significantly the process of making decisions on venture capital investments. The author suggests to evaluate venture capital funds rate of return on venture activity by means of the basic four indicators usually employed for investment efficiency definition: net profit, internal rate of return, return period and return index. The research presents the examination of rates of return on venture activity of venture capital funds being controlled by a single asset management company. Thus, one can estimate not only the rate of return on venture activity, but also the efficiency of control taken by an asset management company.

MeProRisk - a Joint Venture for Minimizing Risk in Geothermal Reservoir Development

Science.gov (United States)

Clauser, C.; Marquart, G.

2009-12-01

Exploration and development of geothermal reservoirs for the generation of electric energy involves high engineering and economic risks due to the need for 3-D geophysical surface surveys and deep boreholes. The MeProRisk project provides a strategy guideline for reducing these risks by combining cross-disciplinary information from different specialists: Scientists from three German universities and two private companies contribute with new methods in seismic modeling and interpretation, numerical reservoir simulation, estimation of petrophysical parameters, and 3-D visualization. The approach chosen in MeProRisk consists in considering prospecting and developing of geothermal reservoirs as an iterative process. A first conceptual model for fluid flow and heat transport simulation can be developed based on limited available initial information on geology and rock properties. In the next step, additional data is incorporated which is based on (a) new seismic interpretation methods designed for delineating fracture systems, (b) statistical studies on large numbers of rock samples for estimating reliable rock parameters, (c) in situ estimates of the hydraulic conductivity tensor. This results in a continuous refinement of the reservoir model where inverse modelling of fluid flow and heat transport allows infering the uncertainty and resolution of the model at each iteration step. This finally yields a calibrated reservoir model which may be used to direct further exploration by optimizing additional borehole locations, estimate the uncertainty of key operational and economic parameters, and optimize the long-term operation of a geothermal resrvoir.

International joint ventures

DEFF Research Database (Denmark)

Sørensen, Karsten Engsig

2001-01-01

The article analysis problems connected with corporate joint ventures. Among others the possible conflicts between the joint venture agreement and the statutes of the companies is examined, as well as certain problems connected to the fact that the joint venture partners have created commen control...... over their joint company....

Joint ventures

DEFF Research Database (Denmark)

Sørensen, Karsten Engsig

Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret......Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret...

Forming a multinational joint venture

International Nuclear Information System (INIS)

Bhatia, N.K.; Garb, R.H.; Statton, T.D.

1990-01-01

This paper discusses the basis and mechanics for forming a multinational joint venture. The topics of the paper include the motivations for a joint venture, selection of the appropriate co-venturer, management of the multinational joint venture, and the joint venture agreement. The authors state that a joint venture is not applicable or desirable in all instances and to be successful, must be carefully planned

Groundwater chemistry in the vicinity of the Puna Geothermal Venture Power Plant, Hawai‘i, after two decades of production

Science.gov (United States)

Evans, W.C.; Bergfeld, D.; Sutton, A.J.; Lee, R.C.; Lorenson, T.D.

2015-01-01

We report chemical data for selected shallow wells and coastal springs that were sampled in 2014 to determine whether geothermal power production in the Puna area over the past two decades has affected the characteristics of regional groundwater. The samples were analyzed for major and minor chemical species, trace metals of environmental concern, stable isotopes of water, and two organic compounds (pentane and isopropanol) that are injected into the deep geothermal reservoir at the power plant. Isopropanol was not detected in any of the groundwaters; confirmed detection of pentane was restricted to one monitoring well near the power plant at a low concentration not indicative of source. Thus, neither organic compound linked geothermal operations to groundwater contamination, though chemical stability and transport velocity questions exist for both tracers. Based on our chemical analysis of geothermal fluid at the power plant and on many similar results from commercially analyzed samples, we could not show that geothermal constituents in the groundwaters we sampled came from the commercially developed reservoir. Our data are consistent with a long-held view that heat moves by conduction from the geothermal reservoir into shallow groundwaters through a zone of low permeability rock that blocks passage of geothermal water. The data do not rule out all impacts of geothermal production on groundwater. Removal of heat during production, for example, may be responsible for minor changes that have occurred in some groundwater over time, such as the decline in temperature of one monitoring well near the power plant. Such indirect impacts are much harder to assess, but point out the need for an ongoing groundwater monitoring program that should include the coastal springs down-gradient from the power plant.

Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory

Directory of Open Access Journals (Sweden)

Kaihong Wang

2016-01-01

Full Text Available When venture capital has been invested into venture companies, venture capitalists and venture entrepreneurs form a principal-agent relationship. Take into account the fact that the venture entrepreneur’s effort is a long process, because the effort is not the same at different stage. Therefore, efforts variables are seen as the multistage dynamic variable, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of the classic principal-agent theory in the paper. Further, in the later stage effort of venture entrepreneurs is affected by the size of prestage benefit with venture capitalists and venture entrepreneurs; thus the fairness preference model is improved, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of fairness preference theory. Both theoretical derivation and simulation have demonstrated that, under the condition of information asymmetry, if the fairness preference of venture entrepreneurs holds, then (1 venture capitalists provide venture entrepreneurs with level higher than that without fairness preference, (2 in every single stage venture entrepreneurs make efforts higher than those without fairness preference, and (3 in two periods both venture investors and venture entrepreneurs gain total real gains higher than those in two periods without fair preference.

Venture capital and internationalization

NARCIS (Netherlands)

Schertler, A.G.; Tykvova, T.

Cross-border investments represent a substantial share of venture capital activities. We use a comprehensive dataset on investments worldwide to analyze the internationalization of venture capital financing. We postulate that cross-border activity is shaped by macroeconomic factors in the venture

Verification of Dinamika-5 code on experimental data of water level behaviour in PGV-440 under dynamic conditions

Energy Technology Data Exchange (ETDEWEB)

Beljaev, Y.V.; Zaitsev, S.I.; Tarankov, G.A. [OKB Gidropress (Russian Federation)

1995-12-31

Comparison of the results of calculational analysis with experimental data on water level behaviour in horizontal steam generator (PGV-440) under the conditions with cessation of feedwater supply is presented in the report. Calculational analysis is performed using DIMANIKA-5 code, experimental data are obtained at Kola NPP-4. (orig.). 2 refs.

Verification of Dinamika-5 code on experimental data of water level behaviour in PGV-440 under dynamic conditions

Energy Technology Data Exchange (ETDEWEB)

Beljaev, Y V; Zaitsev, S I; Tarankov, G A [OKB Gidropress (Russian Federation)

1996-12-31

Comparison of the results of calculational analysis with experimental data on water level behaviour in horizontal steam generator (PGV-440) under the conditions with cessation of feedwater supply is presented in the report. Calculational analysis is performed using DIMANIKA-5 code, experimental data are obtained at Kola NPP-4. (orig.). 2 refs.

Financing clean energy market creation. Clean energy ventures, venture capitalists and other investors

Energy Technology Data Exchange (ETDEWEB)

Teppo, T. [Helsinki Univ. of Technology, Espoo (Finland). Development and Management in Industry

2006-07-01

Many factors have emerged for change towards cleaner and more efficient technologies and services: climate change, increasing oil demands, and rising living standards in many parts of the world are putting an ever-increasing strain on the environment. Recently, these drivers have fueled the formation of a clean energy venture capital market where both independent venture capitalists (VCs) and corporate venture capitalists (CVCs) have invested in clean energy start-ups. Financing of clean energy market creation is the focus of this dissertation. The dissertation contributes to several bodies of literature in the area of entrepreneurship, new industry creation, corporate venturing, and venture capital research. The dissertation uses a grounded theory approach. The study is guided by three data collection approaches with an emphasis on the first two. First, interviews with European and North American VC and CVC firms that have invested in the clean energy sector were carried out. Second, a clean energy venture financing survey that consisted of qualitative, essay-format questions and some quantitative questions was carried out. Third, interviews with clean energy stakeholders were carried out in order to gain a better understanding of the emerging sector. The research results consist of three main findings. First, the research results suggest that clean energy ventures face the following three main entrepreneurial challenges: financing, market education, and growth management. A further study of three clean energy industry categories revealed additional challenges that varied according to the industry development stage. Second, the results demonstrate that, from a venture capitalist perspective, clean energy venture risk characteristics can be divided into two groups: generally recognized risk characteristics and cognitive risk characteristics. The identified generally recognized risk characteristics were market demand and adaptation, incompatibility with the VC model

How venture capital works.

Science.gov (United States)

Zider, B

1998-01-01

The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. economy. Today's venture capitalists are more like conservative bankers than the risk takers of days past. They have carved out a specialized niche in the capital markets, filling a void that other institutions cannot serve. They are the linch-pins in an efficient system for meeting the needs of institutional investors looking for high returns, of entrepreneurs seeking funding, and of investment bankers looking for companies to sell. Venture capitalists must earn a consistently superior return on investments in inherently risky businesses. The myth is that they do so by investing in good ideas and good plans. In reality, they invest in good industries--that is, industries that are more competitively forgiving than the market as a whole. And they structure their deals in a way that minimizes their risk and maximizes their returns. Although many entrepreneurs expect venture capitalists to provide them with sage guidance as well as capital, that expectation is unrealistic. Given a typical portfolio of ten companies and a 2,000-hour work year, a venture capital partner spends on average less than two hours per week on any given company. In addition to analyzing the current venture-capital system, the author offers practical advice to entrepreneurs thinking about venture funding.

Assessment of realization possibility of borate-lithium water chemical regime of the PGV-100 secondary circuit for NPP with WWER-1000 type reactor

International Nuclear Information System (INIS)

Smykov, V.B.; Ermolaev, N.P.; Borzov, I.A.

1994-01-01

The theoretical and experimental assessment of chemical equilibrium reactions resulting in the weak-alkaline boric buffering water chemistry of secondary side PGV-1000 has been performed out in the article. 18 refs

Does Venture Capital Spur Innovation?

OpenAIRE

Samuel Kortum; Josh Lerner

1998-01-01

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been evaluated systematically. We address this omission by examining the influence of venture capital on patented inventions in the United States across twenty industries over three decades. We address concerns about causality in several ways, including exploiting a 1979 policy shift that spurred venture capital fundraising. We find that the amount of venture capital activity in an indust...

Investment Timing for New Business Ventures

OpenAIRE

George W. Blazenko; Andrey D. Pavlov

2010-01-01

A key requirement for the start of many entrepreneurial businesses is private equity or venture capital financing. In the traditional approach to entrepreneurial investment analysis, an entrepreneur starts a new venture and a venture capitalist finances the new venture when business return exceeds the financial opportunity cost for comparable risk the cost of capital for the new venture. The real options literature recommends that entrepreneurs delay business start due to investment irreversi...

GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

Directory of Open Access Journals (Sweden)

Fazekas Balazs

2014-07-01

Full Text Available JEREMIE (Joint European Resources for Micro to Medium Enterprises program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture capital funds were founded in four rounds and 130 billion HUF capital was allocated into these funds with the contribution of Hungarian government. A well-established venture capital market can boost entrepreneurship and innovation, therefore economic growth which is the foundation of government involvement. On the other hand, there is an extensive literature highlighting the limits and possible drawbacks of the active role of public sector in the venture capital market. There is a consensus in the literature that in the long run the extensive role of government in venture capital industry is counterproductive. Substituting market participants by government agencies will hardly result in a competitive and efficient market. However, temporarily as a catalyst public sector can contribute to the development of venture capital market. Direct government intervention supportable temporarily only in the infancy of the industry. The primary objective of every program must be to develop the market to the level where it becomes self-sustaining. This way the success of these programs must not be measured only by the amount of invested capital, financial performance of venture capital funds and venture capital backed companies. Raising private sector awareness and the progress of necessary institutions are also the criteria of a successful program. During the design and implementation of venture capital agendas these aspects must be taken into consideration. This

12 CFR 347.107 - Joint ventures.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Joint ventures. 347.107 Section 347.107 Banks... INTERNATIONAL BANKING § 347.107 Joint ventures. (a) Joint ventures. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization that is a joint venture, and the bank or its...

International New Venture Legitimation

DEFF Research Database (Denmark)

Turcan, Romeo V.

2013-01-01

the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK......There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during......, and had internationalized and struggled for survival during the dotcom era. Grounded in data, this study corroborates a number of legitimation strategies yielded by prior research and refutes others. It further contributes to our understanding of international new venture legitimation by suggesting new...

Campus/Industry Joint Ventures.

Science.gov (United States)

McDonald, Eugene J.

1985-01-01

Opportunities for joint economic ventures of colleges and industry are discussed, and a variety of ventures undertaken by Duke University are outlined, including a health club, hotel, and office building. Tax and financing considerations are noted. (MSE)

Study on promotion of venture business

International Nuclear Information System (INIS)

Kim, Hwa Sup; Song, Ki Dong; Chung, Whan Sam; Pae, Jang In; Choi, Young Duck; Rhee, Yong Duck; Kim, Seung Sim; Jeon, Hyoung Won

2002-10-01

This study reviewed the concepts of venture business and surveyed venture business support system nationwide. The venture business support system is summarized in depth to help the pre-entrepreneurs under establishing venture business. This study also reviewed the technology management system of KAERI and surveyed its historical accomplishment of technology transfer. Then, this study suggested its future direction by surveying the system of advanced countries and also suggested the measures to meet the future direction. The main finding of this study is that the direct investment to venture business by KAERI could greatly contribute to promoting venture business. Therefore, the government and KAERI should make efforts to change the technology management system toward the direct investment. Finally, this study concluded by offering policy suggestions to the government on improvement of technology management system

Overview of physician-hospital ventures.

Science.gov (United States)

Cohn, Kenneth H; Allyn, Thomas R; Rosenfield, Robert H; Schwartz, Richard

2005-01-01

An ongoing environment of reimbursement lagging behind escalating expenses has led physicians to explore new sources of revenue. The goal of physician-hospital ventures is to create a valuable entity that benefits patients, physicians, and the hospital. Physicians may choose to invest in healthcare facilities to improve patient care and obtain increased control over daily operations. If so, they should seek counsel to avoid violating Stark laws and anti-kickback laws. Modalities for investing in physician-hospital ventures are joint equity (stock) ventures, participating bond transactions (PBTs), and contractual integration, a new method to align the goals of specialists and hospital management without using joint equity ventures. Physicians and management should invest time in developing a shared vision of the future before beginning contract negotiations. Successful partnering requires transparency and stepwise building of trust. The greatest gain in joint ventures arises when both sides become active owners, rather than passive investors.

Institutional and financial guide to geothermal district heating. Serial No. 2

Energy Technology Data Exchange (ETDEWEB)

1982-03-01

General planning considerations which affect nearly every community are reviewed, and alternative operating structures which are available to communities are reviewed, including local governments, nonprofit cooperatives, private enterprises, and joint ventures. The financing options available to publicly-owned and privately-owned district heating systems are then summarized. The geothermal production and distribution activities most appropriate to each type of operating structure are reviewed, along with typical equity and debt funding sources. The tax advantages for private developers are described, as are the issures of customer contracts and service prices, and customer retrofit financing. The treatment is limited to an introductory overview. (LEW)

The joint venture alternative to mergers.

Science.gov (United States)

Enders, R J

1995-02-01

However, while a joint venture may be "safe" from antitrust challenge, it is not without some practical difficulties, especially with respect to consolidating services at one location or jointly offering services provided at multiple facilities. These practical concerns include: 1. Who will exercise operational management of the joint venture? 2. How will the joint venture deal with different pricing for services that will be provided at multiple locations? 3. What criteria will be used to decide the location at which consolidated tertiary services will be offered? 4. In what circumstances can the joint venture be unwound, either in its entirety or as to discrete functions? When clinical services have been consolidated at one location, there is an appropriate concern by the other hospital that it will be unable to provide or re-enter the market for those services if the joint venture dissolves. These operational concerns, of course, are not addressed in the Consent Decree. Thus, even if a joint venture relationship survives antitrust scrutiny, the parties must still negotiate and resolve these operational issues in order for the joint venture to be viable.

15 CFR 296.8 - Joint venture agreement.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture agreement. 296.8 Section... PROGRAM General § 296.8 Joint venture agreement. NIST shall not issue a TIP award to a joint venture and no costs shall be incurred under a TIP project by the joint venture members until such time as a...

Multistage Selection and the Financing of New Ventures

OpenAIRE

Jonathan T. Eckhardt; Scott Shane; Frédéric Delmar

2006-01-01

Using a random sample of 221 new Swedish ventures initiated in 1998, we examine why some new ventures are more likely than others to successfully be awarded capital from external sources. We examine venture financing as a staged selection process in which two sequential selection events systematically winnow the population of ventures and influence which ventures receive financing. For a venture to receive external financing its founders must first select it as a candidate for external fundin...

22 CFR 228.34 - Joint ventures.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Joint ventures. 228.34 Section 228.34 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES ON SOURCE, ORIGIN AND NATIONALITY FOR COMMODITIES AND... Financing § 228.34 Joint ventures. A joint venture or unincorporated association is eligible only if each of...

Geothermal research in the Vulcano Island

Energy Technology Data Exchange (ETDEWEB)

Silvano, A.

1985-03-01

In 1952-1953 AGIP drilled some geothermal wells in the Vulcano Island: these wells had experimental peculiarity, reaching a depth of about 230 meters. Located near the famous ''Porto di Levante'' hot springs, they were tested showing a low production (a mixture of water and steam). For several reasons the exploration in the area has been stopped for years until 1982 when some geological and geophysical surveys were carried on by a joint-venture among AGIP S.p.A., Ente Minerario Siciliano and Ente Nazionale Energia Elettrica. With the financial support of ECC a well has been drilled (total depth 2050 meters): all the sediments have volcanic nature with very low or absent permeability, but with very high temperature gradient (more than 420/sup 0/C at the bottom), encouraging to continue the research.

Russian upstream joint ventures logging progress

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Occidental Petroleum Corp. has begun exporting oil from Russia as part of an enhanced recovery joint venture in western Siberia. Oxy holds a 50% interest in the joint venture company, Vanyoganneft, and will market the oil. In other activity, two Canadian companies are marking progress with Russian upstream joint ventures

GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

OpenAIRE

Fazekas Balazs

2014-01-01

JEREMIE (Joint European Resources for Micro to Medium Enterprises) program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture c...

Mudaraba-Venture Capital Closed-end Mutual Funds and Mudaraba-Venture Capital Open-end Mutual Funds

OpenAIRE

Halil Ibrahim Bulut

2008-01-01

The important part of this study attempts to explain that both venture capital and interest-free financing are based on similar ground, if not the same. Two new models called Mudaraba-Venture Capital Closed-End Mutual Funds and Mudaraba-Venture Capital Open-End Mutual Funds, based on both the similarities and the needs of financial innovation in the interest-free financing system, are detailed. It is believed that the development of these two models could make some improvements not only in th...

Internationale joint ventures - udvalgte selskabsretlige problemstillinger

DEFF Research Database (Denmark)

Sørensen, Karsten Engsig

2001-01-01

Artiklen behandler en række problemstillinger som er særlige for joint ventures stiftet i selskaber af aktie-, anpartsselskabstypen. Bl.a. behandles en række problemer omkring joint venture aftalens forhold til selskabets vedtægter samt en række problemstillinger knyttet til det forhold at der er...... etableret fælles kontrol over joint venture selskabet....

CAPITAL STRUCTURE AND VENTURE CAPITAL

Directory of Open Access Journals (Sweden)

Becsky-Nagy Patricia

2015-07-01

Full Text Available Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears in the increase of the value of the equity. At the same time with taking active role in the management, agency problem occurs, that complicates the cooperation and the success of exit. In this article we search the answer for the question whether the preferred equity, that are commonly used in the US for bridging the agency problem, are used and able to help Hungarian venture capitalists to manage agency problems. On the other hand we examined how the venture capital affect capital structure, how the venture capitalists value added appear in the capital structure. During the evaluation of the three case studies, we came to the conclusion, that the venture capital investments have positive effect on the liabilities of the enterprises, as the capital structure indexes show. However, the investors need the ownership, which help them to step up resolutely, when things change for the worse, and companies need the expertise, which the investors bring with their personal assistance. The investor’s new attitude also has positive effect on a mature company, which has an experienced leader, because he can show another aspect, as a person who come from outside. During the examination of the capital structure, we cannot disregard the events of the company’s environment, which have effects on the firm. The investor’s decisions also appear different ways. Because of this, every venture capital investment is different, just as the capital structure of the firms, in which they invest.

Business Plans in New Ventures : An Institutional Perspective

OpenAIRE

Karlsson, Tomas

2005-01-01

This thesis is about business plans in new ventures. It takes an institutional perspective with a particular focus on how external actors influence ventures through norms, regulations and way of thinking. Through an intensive study of six new ventures at a business incubator, and a structured, computer-aided analysis, this study probes the following questions: How are new ventures influenced to write business plans, and what sources influence them? What strategies do new ventures use to deal ...

Development of an internet based geothermal information system for Germany - region Baden-Wuerttemberg; Aufbau eines geothermischen Informationssystems fuer Deutschland - Landesteil Baden-Wuerttemberg

Energy Technology Data Exchange (ETDEWEB)

Jodocy, M.; Stober, I. [Regierungspraesidium Freiburg (RPF), Freiburg im Breisgau (Germany)

2008-10-15

Renewable energies as a part of the total energy supply of the Federal Republic of Germany are to be extended in the next years. In terms of geothermal resources the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports the project ''Development of an Internet Based Geothermal System for Germany'' (GeotIS). The total duration of the project is three years. Lead-managed by the Leibniz Institute for Applied Geosciences (GGA-Institute) it is realized in a country wide joint venture project with different partners. Initially the geothermal information system will contain data only about hydrogeothermal resources. The object of the project is to improve quality in the planning stage of geothermal plants and to minimize explorations risks. Key parameters are production rate and temperature. The District Authority (Regierungspraesidium) Freiburg has been assigned to attend to the areas of the Upper Rhine Graben and the North Alpine Foreland Basin (Molasse Basin) both situated in Baden-Wuerttemberg. First intermediate results are presented. (orig.)

Venture Capital and Innovation Strategies

NARCIS (Netherlands)

Da Rin, M.; Penas, M.F.

2015-01-01

Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the

Venture Capitalists in Systems of Innovation

DEFF Research Database (Denmark)

Munk, Kasper B.; Vintergaard, Christian

regional innovation systems.In attempt to locate and determine the potentials and importance of the venture capitalists in the innovationsystem a two-dimensional taxonomy is constructed and used to illuminate their role and position. Thetaxonomy gains insights through theoretical reasoning and the possible...... initiatives to be taken to raise venture capitalists to a more direct and formal role in the contextof systems of innovation.Key words: Venture capital, innovation systems, innovation....

Venture Capital and Innovation Strategies

NARCIS (Netherlands)

Da Rin, Marco; Penas, Maria

2015-01-01

Venture capital investors are specialized financial intermediaries that provides funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company’s choice of innovation strategies.

Venture capital and innovation strategies

NARCIS (Netherlands)

Da Rin, Marco; Penas, Fabiana

2017-01-01

Venture capital investors are specialized financial intermediaries that provide funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company's choice of innovation strategies.

15 CFR 296.7 - Joint venture registration.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture registration. 296.7 Section 296.7 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade NATIONAL... PROGRAM General § 296.7 Joint venture registration. Joint ventures selected for assistance under the...

Geothermal energy

International Nuclear Information System (INIS)

Rummel, F.; Kappelmeyer, O.; Herde, O.A.

1992-01-01

Objective of this brochure is to present the subject Geothermics and the possible use of geothermal energy to the public. The following aspects will be refered to: -present energy situation -geothermal potential -use of geothermal energy -environemental aspects -economics. In addition, it presents an up-dated overview of geothermal projects funded by the German government, and a list of institutions and companies active in geothermal research and developments. (orig./HP) [de

Venture Capitalist Enabled Entrepreneurial Mentoring

DEFF Research Database (Denmark)

Agrawal, Anirudh

2018-01-01

Traditionally the success of a venture capital model has been anchored around two dimensions‚ namely equity as a trade for investment and start-up valuation and profitable exits. Scholars have focused less on the inter-organizational interaction between the venture capital (VC) and start-up entre...

Gulf Canada's Russian joint venture

International Nuclear Information System (INIS)

Motyka, D.

1992-01-01

After three years of evaluating prospects and negotiating with government and industry representatives, Gulf Canada established its first joint venture in the Russian Federation with Komineft, a production association from the Komi autonomous republic. Komineft has a 50% share of the venture, and the rest is shared equally between Gulf and British Gas. The operating area is at the Vozey and Upper Vozey fields in the Timan-Pechora Basin, some 1,500 km northeast of Moscow just inside the Arctic Circle. An attractive feature of the Upper Vozey project is low development costs of ca $2/bbl. In the Vozey field, the venture will set up an enhanced oil recovery demonstration project to test techniques perfected in Alberta. About 60 Canadians are involved on the project, and headquarters are in Usinsk, ca 100 km south of the oil fields. In the first half of 1992, oil production in the first phase of the venture averaged around 10,000 bbl/d and continues to increase

Venture Capital

National Research Council Canada - National Science Library

Lister, M. J; Andreassen, A; Bales, Shanda; Biddle, J. G; Chang, M. M; McCormick, R; Packard, W. J; Sun, T

2006-01-01

Leveraging venture capital to the advantage of the Naval Services should be viewed as part of the larger project of reforming the acquisition system to permit rapid introduction of new technologies...

Staged Financing in Venture capital market.

OpenAIRE

Damania, Priti

2009-01-01

The report shows the venture capital decision making in staged financing from a real option perspective. The report also describes entrepreneur-venture capital relationship from a prisoner's dilemma approach.

Joint ventures: to pursue or not to pursue?

Science.gov (United States)

Blaszyk, Michael D; Hill-Mischel, Jody

2007-11-01

Hospitals should carefully select joint venture partners. The joint venture evaluation process should involve a high-level screen of strategic opportunities. Hospitals should develop a full business plan for the joint venture.

Geothermal Today: 2003 Geothermal Technologies Program Highlights (Revised)

Energy Technology Data Exchange (ETDEWEB)

2004-05-01

This outreach publication highlights milestones and accomplishments of the DOE Geothermal Technologies Program for 2003. Included in this publication are discussions of geothermal fundamentals, enhanced geothermal systems, direct-use applications, geothermal potential in Idaho, coating technology, energy conversion R&D, and the GeoPowering the West initiative.

Venture business and control of ь organizations under globalization

OpenAIRE

Ostap Boiko; Olga Pogaidak; Petro Khariv

2015-01-01

The activity of venture companies and peculiarities of each management stage of venture financing which in modern terms is quite risky has been described in the article. The state of venture entrepreneurship in the world and in Ukraine has been analyzed, the main problems faced by domestic venture enterprises have been outlined and ways of their solution have been determined. The method of forming the system for the venture controlling at industrial...

Corporate Venturing, Allocation of Talent, and Competition for Star Managers

OpenAIRE

De Bettignies , Jean-Etienne; Chemla , Gilles

2008-01-01

We provide new rationales for corporate venturing, based on competition for talented managers. As returns to venturing increase, firms engage in corporate venturing for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by increasing incentives. Managers increase effort, prompting firms to reallocate them to new ventures, where the marginal product of effort is highest. Second, as returns to venturing become lar...

UK manufacturers construction joint venture

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-07-01

This report examines the legal and commercial framework for UK manufacturers to collaborate in a construction venture for a small combustion/steam cycle power plant fueled with biomass. The integration of technology and project plan, the working capital and capitalisation, financial aspects, the market plan, turnkey packages, joint venture entities, and collaboration are discussed. (UK)

15 CFR 296.9 - Activities not permitted for joint ventures.

Science.gov (United States)

2010-01-01

... joint venture of any product, process, or service, other than the distribution among the parties to such venture, in accordance with such venture, of a product, process, or service produced by such venture, the... INNOVATION PROGRAM General § 296.9 Activities not permitted for joint ventures. The following activities are...

Sustainable Venture Capital Investments: An Enabler Investigation

Directory of Open Access Journals (Sweden)

Elena Antarciuc

2018-04-01

Full Text Available Investing in sustainable projects can help tackle the current sustainability challenges. Venture capital investments can contribute significantly to the growth of sustainable start-ups. Sustainable venture capital (SVC research is just emerging. This paper identifies enablers for sustainable venture capital investments in Saudi Arabia taking into account different stakeholders and firm’s tangible and intangible resources. Using perspectives from venture capital experts in Saudi Arabia and the grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL method, this study pinpoints the most critical enablers and investigates their causal and effect interconnections. The methodological process consists of reviewing the SVC literature and consulting the experts to identify the SVC enablers, creating a questionnaire, acquiring the answers from four experts, analyzing the data with grey-based DEMATEL and performing a sensitivity analysis. The government use of international standards, policies and regulations for sustainable investments, the commitment of the venture capitalists to sustainability and their deep understanding of sustainable business models are the most influential enablers. The paper concludes with implications for different actors, limitations and prospective directions for the sustainable venture capital research.

The Perfect Storm of Business Venturing? The Case of Entomology-Based Venture Creation

OpenAIRE

Pascucci, S.; Dentoni, D.; Mitsopoulos, D.

2015-01-01

In this paper we discuss how cooperation and trust among entrepreneurs can be challenged when they are dealing with venture creation in the context of radical innovation. Entomology-based foods are considered as one of the most promising innovation in the food sector. However they impose radical changes in food consumption habits with high risk of low consumer acceptance. Four European entrepreneurs joined forces in a new venture operating in this sector, trying to make it a successful busine...

Essays on equity joint ventures, uncertainty and experience

NARCIS (Netherlands)

Cuypers, I.R.P.

2009-01-01

Amidst increasingly global competition during the last decades, we observed a sharp increase in the number of joint ventures. As a result, joint ventures have triggered considerable enthusiasm in recent years among scholars and practitioners. However, studies have shown that most joint ventures fail

Venture capital: Generator of growth of SME investment activities

Directory of Open Access Journals (Sweden)

Dželetović Milenko

2017-01-01

Full Text Available The aim of the paper is to point out the importance and role of venture capital in creation of new values based on the knowledge economy. By reviewing relevant literature about venture capital, this paper presents the importance of the venture capital investments in innovative activities of SMEs that have an impact on economic growth. Pointing to the importance and quantifying the overall effects of venture capital investments, will be used the overview and trends in venture capital investments in the sectors of economy in Europe which generate a larger number of patents. According to data during the period of 2007 - 2015 will be defined venture capital investments and number of registered patents in the sectors of the knowledge economy. Empirical analysis indicated that the venture investments in the sectors of the knowledge economy generated more patents in those sectors. In addition, the paper analyzes the venture capital investment and innovation activities of SMEs, which are reflected in patent activities, where the result is a correlation between these activities in the European economies.

Geothermal Energy

International Nuclear Information System (INIS)

Haluska, Oscar P.; Tangir, Daniel; Perri, Matias S.

2002-01-01

A general overview of geothermal energy is given that includes a short description of the active and stable areas in the world. The possibilities of geothermal development in Argentina are analyzed taking into account the geothermal fields of the country. The environmental benefits of geothermal energy are outlined

International New Venture Legitimation: An Exploratory Study

Directory of Open Access Journals (Sweden)

Romeo V. Turcan

2013-11-01

Full Text Available There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis, and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK, and had internationalized and struggled for survival during the dotcom era. Grounded in data, this study corroborates a number of legitimation strategies yielded by prior research and refutes others. It further contributes to our understanding of international new venture legitimation by suggesting new types of legitimation strategies: technology, operating, and anchoring. Studying international new ventures through theoretical lenses of legitimation is a promising area of research that would contribute to the advancement of international entrepreneurship theory.

Corporate Venturing

DEFF Research Database (Denmark)

Vintergaard, Christian

path of an entrepreneurial opportunity of the Danish corporate venture capitalist,Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurialopportunities by creating a holistic and conceptual framework, which broadens and expands theperception of the market participants...

Geotherm: the U.S. geological survey geothermal information system

Science.gov (United States)

Bliss, J.D.; Rapport, A.

1983-01-01

GEOTHERM is a comprehensive system of public databases and software used to store, locate, and evaluate information on the geology, geochemistry, and hydrology of geothermal systems. Three main databases address the general characteristics of geothermal wells and fields, and the chemical properties of geothermal fluids; the last database is currently the most active. System tasks are divided into four areas: (1) data acquisition and entry, involving data entry via word processors and magnetic tape; (2) quality assurance, including the criteria and standards handbook and front-end data-screening programs; (3) operation, involving database backups and information extraction; and (4) user assistance, preparation of such items as application programs, and a quarterly newsletter. The principal task of GEOTHERM is to provide information and research support for the conduct of national geothermal-resource assessments. The principal users of GEOTHERM are those involved with the Geothermal Research Program of the U.S. Geological Survey. Information in the system is available to the public on request. ?? 1983.

Taxation and venture capital-backed entrepreneurship

DEFF Research Database (Denmark)

Keuschnigg, Christian; Nielsen, Søren Bo

2003-01-01

In recent years, venture capital has increasingly become a factor in thefinancing of new firms. We examine how the value of mature firms determinesthe incentives of entrepreneurs to start up new firms and of venture capitaliststo finance and advise them. We examine how capital gains taxes as well...... assubsidies to start-up costs of new firms affect venture capital-backedentrepreneurship. We also argue that dividend and capital gains taxes onmature firms have important consequences for start-up firms as well.JEL Classification: D82, G24, H24 and H25Keywords: double moral hazard, entrepreneurship, taxes...

A survey of venture capital research

NARCIS (Netherlands)

Hellmann, T.; Puri, M.L.; Da Rin, M.; Constantinides, G.; Harris, M.; Stulz, R.

2013-01-01

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

A Survey of Venture Capital Research

NARCIS (Netherlands)

Da Rin, M.; Hellmann, T.; Puri, M.L.

2011-01-01

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

NATIONAL GEOTHERMAL DATA SYSTEM (NGDS) GEOTHERMAL DATA DOMAIN: ASSESSMENT OF GEOTHERMAL COMMUNITY DATA NEEDS

Energy Technology Data Exchange (ETDEWEB)

Anderson, Arlene [United States Department of Energy; Blackwell, David [Southern Methodist University; Chickering, Cathy [Southern Methodist University; Boyd, Toni [Oregon Institute of Technology; Horne, Roland [Stanford University; MacKenzie, Matthew [Uberity Technology Corporation; Moore, Joseph [University of Utah; Nickull, Duane [Uberity Technology Corporation; Richard, Stephen [Arizona Geological survey; Shevenell, Lisa A. [University of Nevada, Reno

2013-01-01

To satisfy the critical need for geothermal data to ad- vance geothermal energy as a viable renewable ener- gy contender, the U.S. Department of Energy is in- vesting in the development of the National Geother- mal Data System (NGDS). This paper outlines efforts among geothermal data providers nationwide to sup- ply cutting edge geo-informatics. NGDS geothermal data acquisition, delivery, and methodology are dis- cussed. In particular, this paper addresses the various types of data required to effectively assess geother- mal energy potential and why simple links to existing data are insufficient. To create a platform for ready access by all geothermal stakeholders, the NGDS in- cludes a work plan that addresses data assets and re- sources of interest to users, a survey of data provid- ers, data content models, and how data will be ex- changed and promoted, as well as lessons learned within the geothermal community.

Foreign Venture Capital Firm - Skye in China.

OpenAIRE

Hu, XiaoRui

2007-01-01

The reasons of why Tom Skype paid more attention to Venture Capital management have received more and more attentions from academic researchers in many current business studies. Based upon one case study in the Skype, this research has analyzed the significant of the Venture Capital. This research listed some differences of the situations in for the Skype and how it set up the Venture Capital strategic in China, then gave the author's own opinions to the research question.

Financing of Competing Projects with Venture Capital

OpenAIRE

Goldfain, Ekaterina; Kovac, Eugen

2005-01-01

We analyze innovation race in a moral hazard setting. We develop a model in which two competing entrepreneurs work independently on the same project. The entrepreneurs do not possess any wealth of their own and their research is financed by a venture capitalist. The project, if successful, generates a prize, which is to be shared between the winning entrepreneur and the venture capitalist. The venture capitalist cannot observe the allocation of funds he provides, which creates a moral hazard ...

Geothermal energy

International Nuclear Information System (INIS)

Laplaige, Ph.; Lemale, J.

2008-01-01

Geothermal energy is a renewable energy source which consists in exploiting the heat coming from the Earth. It covers a wide range of techniques and applications which are presented in this article: 1 - the Earth, source of heat: structure of the Earth, geodynamic model and plate tectonics, origin of heat, geothermal gradient and terrestrial heat flux; 2 - geothermal fields and resources; 3 - implementation of geothermal resources: exploration, main characteristic parameters, resource exploitation; 4 - uses of geothermal resources: power generation, thermal uses, space heating and air conditioning heat pumps, district heating, addition of heat pumps; 5 - economical aspects: power generation, heat generation for district heating; 6 - environmental aspects: conditions of implementation, impacts as substitute to fossil fuels; 7 - geothermal energy in France: resources, organisation; 8 - conclusion. (J.S.)

Strategies for Creating New Venture Legitimacy

Science.gov (United States)

Karlsson, Tomas; Middleton, Karen Williams

2015-01-01

New ventures, being heavily subjected to liabilities of newness, are seen to engage in legitimacy strategies to overcome these liabilities. Building on an adapted theoretical framework of organizational legitimacy, self-reported weekly diaries of twelve entrepreneurs were analysed to identify strategies used by new ventures to create legitimacy.…

Challenges in Bootstrapping a Start-Up Venture: Keenga Research Turning the Tables on Venture Capitalists

Directory of Open Access Journals (Sweden)

Prescott C. Ensign

2016-01-01

Full Text Available This case study chronicles the timeline of a new venture – Keenga Research. Keenga Research has a novel proposition that it is seeking to introduce to the market. The business concept is to ask entrepreneurs to review the venture capital (VC firm that funded them. Reviews of VC firms would then be developed and marketed to those interested (funds and perhaps enterprises seeking funding. What makes this case unique is that Keenga Research was a lean start-up. Bootstrapping is a situation in which the entrepreneur chooses to fund the venture with his/her own personal resources. It involves self-funding (family and friends, tight monitoring of expenses, and maintaining control of ownership and management (Winborg & Landstrom 2001; Perry, Chandler, Yao, & Wolff, 2011; Winborg, 2015. The lean start-up approach favors experimentation over elaborate planning, customer feedback over intuition and iterative design over traditional big upfront research and development. This case study requires the reader to consider a number of the basic challenges facing all entrepreneurs and new ventures. Is the concept marketable? Can the concept be developed and brought to market in a timely manner? Will the product generate revenue? How? When? What are the commitments of the entrepreneurs? Have they considered the major challenges to be faced? Since this venture involved gathering and developing research information and then creating an online platform, Keenga Research faced significant concept-to-market challenges. The research method used in this case study is first person participant observation and interviews. One of the authors was a team member so the contextual details come from direct observation and first-hand knowledge. This method of research is often used in anthropology, sociology, and social psychology where an investigator studies the group by sharing in its activities. The other author provided an objective and conceptual perspective for analyzing

Geothermal spas

International Nuclear Information System (INIS)

Woodruff, J.L.; Takahashi, P.K.

1990-01-01

The spa business, part of the health and fitness industry that has sprung up in recent years, is highly successful world-wide. The most traditional type of spa is the geothermal spa, found in geothermal areas around the world. In Japan, for example, some 2,000 geothermal spas and resorts generate $6 billion annually. Hawaii has an ideal environment for geothermal spas, and several locations in the islands could supply warm mineral water for spa development. Hawaii receives about 6 million visitors annually, a high percentage of whom are familiar with the relaxing and therapeutic value of geothermal spas, virtually guaranteeing the success of this industry in Hawaii. Presently, Hawaii does not have a single geothermal spa. This paper reports that the geothermal spa business is an industry whose time has come, an industry that offers very promising investment opportunities, and one that would improve the economy while expanding the diversity of pleasurable vacation options in Hawaii

TENDENCY OF IMPROVEMENT ANALYSIS OF VENTURE ACTIVITY FOR MANAGEMENT DECISIONS

Directory of Open Access Journals (Sweden)

G.Yu. Iakovetс

2015-03-01

Full Text Available The questions concerning the definition of current trends and prospects of venture financing new innovative enterprises as one of the most effective and alternative, but with a high degree of risk financing sources of the entity. The features of venture financing that is different from other sources of business financing, as well as income from investments of venture capital can greatly exceed the volume of investments, but at the same time such financing risks are significant, so it all makes it necessary to build an effective system of venture capital investments in the workplace. In the course of the study also revealed problems of analysis and minimization of risks in the performance of venture financing of innovative enterprises. Defining characteristics analysis and risk assessment of venture financing helps to find ways to minimize and systematization, avoidance and prevention of risks in the performance of venture capital. The study also identified the major areas of improvement analysis of venture capital for management decisions.

Geothermal energy

International Nuclear Information System (INIS)

Le Du, H.; Bouchot, V.; Lopez, S.; Bialkowski, A.; Colnot, A.; Rigollet, C.; Sanjuan, B.; Millot, R.; Brach, M.; Asmundsson, R.; Giroud, N.

2010-01-01

Geothermal energy has shown a revival for several years and should strongly develop in a near future. Its potentiality is virtually unexhaustible. Its uses are multiple and various: individual and collective space heating, heat networks, power generation, heat storage, heat exchanges etc.. Re-launched by the demand of renewable energy sources, geothermal energy has become credible thanks to the scientific works published recently which have demonstrated its economical and technical relevance. Its image to the public is changing as well. However, lot of work remains to do to make geothermal energy a real industry in France. Several brakes have to be removed rapidly which concern the noise pollution of geothermal facilities, the risk of bad results of drillings, the electricity costs etc. This dossier gives an overview of today's main research paths in the domain of geothermal energy: 1 - geothermal energy in France: historical development, surface and deep resources, ambitions of the French national energy plan (pluri-annual investment plan for heat generation, incentives, regional 'climate-air-energy' schemes), specific regulations; 2 - geothermal energy at the city scale - sedimentary basins: Ile-de-France 40 years of Dogger reservoir exploitation, potentialities of clastic reservoirs - the Chaunoy sandstones example; 3 - geothermal power generation: conventional reservoirs - the Bouillante model (Guadeloupe, French Indies); the Soultz-sous-Forets pilot plant (Bas-Rhin, France); the supercritical reservoirs - the Krafla geothermal area (Iceland). (J.S.)

FY 2000 report of survey by NEDO in Sydney on the Venture capitals and businesses in Australia; 2000 nendo Goshu no venture capital to venture business chosa hokokusho

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-03-01

The venture capitals and businesses in Australia are surveyed and reported. Venture Capital Guide (2000), annually issued by Polliticon Publications, estimates a total of 120 venture businesses raise a total funds B$7.393 from the domestic sources, of which B$3.546 is invested on 1113 enterprises as of the end of December, 2000. Of the enterprises on which the funds are invested, 766 are currently of portfolio enterprises and 347 have completely disposed them. The Government of Australia has introduced several venture capital supporting schemes, including PDF (Pooled Development Funds) to supply equity capitals to small- to medium-sized enterprises over extended periods, IIF (Innovation Investment Funds) to encourage early-stage investments on innovative small- to medium-sized enterprises, R and D Start to provide increased funds for small- to medium-sized enterprises now considering production on a commercial basis, COMET (Commercialising Emerging Technologies) and BITS (Building on Information Technology Strengths). (NEDO)

Peculiarities of cyclic deformation and fracture of heat-resistant steel 10GN2MFA under conditions typical for the steam generator PGV-1000 collector material

International Nuclear Information System (INIS)

Giginyak, F.F.

1998-01-01

In the present paper, the results are discussed concerning investigations into the regularities of deformation and fracture of steel, 10GN2MFA under conditions close to those of actual operation when used in collectors of PGV-1000-type steam generators, which are in service with WWER-1000-type reactors of nuclear power plants (NPP). (author)

Geothermal energy

International Nuclear Information System (INIS)

Kappelmeyer, O.

1991-01-01

Geothermal energy is the natural heat of the earth. It represents an inexhaustible source of energy. In many countries, which are mostly located within the geothermal belts of the world, geothermal energy is being used since many decades for electricity generation and direct heating applications comprising municipal, industrial and agricultural heating. Outside the geothermal anomalous volcanic regions, hot ground water from deep rock formations at temperatures above 70 o C is used for process heat and space heating. Low prices for gas and oil hinder the development of geothermal plants in areas outside positive geothermal anomalies; the cost of drilling to reach depths, where temperatures are above 50 o C to 70 o C, is high. The necessary total investment per MW th installed capacity is in the order of 5 Mio- DM/MW th (3 Mio $/MW th ). Experience shows, that an economic break even with oil is reached at an oil price of 30$ per barrel or if an adequate bonus for the clean, environmentally compatible production of geothermal heat is granted. Worldwide the installed electric capacity of geothermal power plants is approximately 6 000 MW e . About 15 000 MW th of thermal capacity is being extracted for process heat and space heat. The importance of the terrestrial heat as an energy resource would be substantially increased, if the heat, stored in the hot crystalline basement could be extracted at economical production costs. Geothermal energy is a competitive energy source in areas with high geothermal gradients (relative low cost for drilling) and would be competitive in areas with normal geothermal gradients, if a fair compensation for environmental implications from fossil and nuclear power production would be granted. (author) 2 figs., 1 tab., 6 refs

PRN 2011-1: Residential Exposure Joint Venture

Science.gov (United States)

This PR Notice is to advise registrants of an industry-wide joint venture, titled the Residential Exposure Joint Venture (REJV), which has developed a national survey regarding residential consumer use/usage data for pesticides.

16 CFR 801.40 - Formation of joint venture or other corporations.

Science.gov (United States)

2010-01-01

... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Formation of joint venture or other... § 801.40 Formation of joint venture or other corporations. (a) In the formation of a joint venture or... contributing to the formation of a joint venture or other corporation and the joint venture or other...

What Happens To International New Ventures beyond Start-up

DEFF Research Database (Denmark)

Turcan, Romeo V.; Juho, Anita

2014-01-01

ventures: strategic experimentation, tensions in organizational gestalt, and legitimacy lies. We conjecture that international new ventures do not reach a made-it point if they only manage to develop substantive capabilities to produce desired outputs at various levels within the venture, but fail...

Venture funding for science-based African health innovation.

Science.gov (United States)

Masum, Hassan; Chakma, Justin; Simiyu, Ken; Ronoh, Wesley; Daar, Abdallah S; Singer, Peter A

2010-12-13

While venture funding has been applied to biotechnology and health in high-income countries, it is still nascent in these fields in developing countries, and particularly in Africa. Yet the need for implementing innovative solutions to health challenges is greatest in Africa, with its enormous burden of communicable disease. Issues such as risk, investment opportunities, return on investment requirements, and quantifying health impact are critical in assessing venture capital's potential for supporting health innovation. This paper uses lessons learned from five venture capital firms from Kenya, South Africa, China, India, and the US to suggest design principles for African health venture funds. The case study method was used to explore relevant funds, and lessons for the African context. The health venture funds in this study included publicly-owned organizations, corporations, social enterprises, and subsidiaries of foreign venture firms. The size and type of investments varied widely. The primary investor in four funds was the International Finance Corporation. Three of the funds aimed primarily for financial returns, one aimed primarily for social and health returns, and one had mixed aims. Lessons learned include the importance of measuring and supporting both social and financial returns; the need to engage both upstream capital such as government risk-funding and downstream capital from the private sector; and the existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments. Based on these lessons, design principles for appropriate venture funding are suggested. Based on the cases studied and relevant experiences elsewhere, there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social returns. Such funds should be structured to overcome the

Geothermal Money Book [Geothermal Outreach and Project Financing

Energy Technology Data Exchange (ETDEWEB)

Elizabeth Battocletti

2004-02-01

Small business lending is big business and growing. Loans under $1 million totaled $460 billion in June 2001, up $23 billion from 2000. The number of loans under $100,000 continued to grow at a rapid rate, growing by 10.1%. The dollar value of loans under $100,000 increased 4.4%; those of $100,000-$250,000 by 4.1%; and those between $250,000 and $1 million by 6.4%. But getting a loan can be difficult if a business owner does not know how to find small business-friendly lenders, how to best approach them, and the specific criteria they use to evaluate a loan application. This is where the Geothermal Money Book comes in. Once a business and financing plan and financial proposal are written, the Geothermal Money Book takes the next step, helping small geothermal businesses locate and obtain financing. The Geothermal Money Book will: Explain the specific criteria potential financing sources use to evaluate a proposal for debt financing; Describe the Small Business Administration's (SBA) programs to promote lending to small businesses; List specific small-business friendly lenders for small geothermal businesses, including those which participate in SBA programs; Identify federal and state incentives which are relevant to direct use and small-scale (< 1 megawatt) power generation geothermal projects; and Provide an extensive state directory of financing sources and state financial incentives for the 19 states involved in the GeoPowering the West (GPW). GPW is a U.S. Department of Energy-sponsored activity to dramatically increase the use of geothermal energy in the western United States by promoting environmentally compatible heat and power, along with industrial growth and economic development. The Geothermal Money Book will not: Substitute for financial advice; Overcome the high exploration, development, and financing costs associated with smaller geothermal projects; Remedy the lack of financing for the exploration stage of a geothermal project; or Solve

Joint Ventures: A New Agenda for Education.

Science.gov (United States)

Griffin, Dean

1989-01-01

The author states that vocational education can join in partnerships with industry, labor, and government to contribute to economic development. Examples of current programs are included. The "joint venture" concept is explained and ideas for forming joint ventures are shared. (CH)

Building new businesses through corporate venturing at the danish NKT group

DEFF Research Database (Denmark)

Skat-Rørdam, Peter

2005-01-01

An in depth case study of how the danish NKT group used corporate venturing over a 25 year period to build new businesses. The study provides insights on purposes, drivers and results of corporate venturing and examines factors contributing to venture success and failure.......An in depth case study of how the danish NKT group used corporate venturing over a 25 year period to build new businesses. The study provides insights on purposes, drivers and results of corporate venturing and examines factors contributing to venture success and failure....

Practical issues in selecting a joint venture partner

International Nuclear Information System (INIS)

Hillary, R.B.

1999-01-01

Some general issues regarding joint ventures and how they come about were discussed. The first section of the presentation identified potential joint venture candidates as being gas suppliers, project developers, steam hosts, financiers, facility owners, fuel managers and non-regulated utility affiliates. An explanation of the joint venture process and the motives driving it was then presented. There are many sources of potential conflicts of interest in a cogeneration venture. These include changes in either deregulation, prices markets, competitive environment or financial position of participants. Another section of this paper discussed some of the lessons learned from forced cogeneration restructuring and buyouts. Three examples of cogeneration projects which did not survive the challenges of partnership were presented. These included the New York cogeneration project at a manufacturing plant, the Pacific Northwest cogeneration project at a refinery, and the Quebec City cogeneration project at a pulp and paper mill. The last section of this paper discussed the pros and cons of joint venture and other types of deals

Geothermal Small Business Workbook [Geothermal Outreach and Project Financing

Energy Technology Data Exchange (ETDEWEB)

Elizabeth Battocletti

2003-05-01

Small businesses are the cornerstone of the American economy. Over 22 million small businesses account for approximately 99% of employers, employ about half of the private sector workforce, and are responsible for about two-thirds of net new jobs. Many small businesses fared better than the Fortune 500 in 2001. Non-farm proprietors income rose 2.4% in 2001 while corporate profits declined 7.2%. Yet not all is rosy for small businesses, particularly new ones. One-third close within two years of opening. From 1989 to 1992, almost half closed within four years; only 39.5% were still open after six years. Why do some new businesses thrive and some fail? What helps a new business succeed? Industry knowledge, business and financial planning, and good management. Small geothermal businesses are no different. Low- and medium-temperature geothermal resources exist throughout the western United States, the majority not yet tapped. A recent survey of ten western states identified more than 9,000 thermal wells and springs, over 900 low- to moderate-temperature geothermal resource areas, and hundreds of direct-use sites. Many opportunities exist for geothermal entrepreneurs to develop many of these sites into thriving small businesses. The ''Geothermal Small Business Workbook'' (''Workbook'') was written to give geothermal entrepreneurs, small businesses, and developers the tools they need to understand geothermal applications--both direct use and small-scale power generation--and to write a business and financing plan. The Workbook will: Provide background, market, and regulatory data for direct use and small-scale (< 1 megawatt) power generation geothermal projects; Refer you to several sources of useful information including owners of existing geothermal businesses, trade associations, and other organizations; Break down the complicated and sometimes tedious process of writing a business plan into five easy steps; Lead you

THE IMPORTANCE OF VENTURE CAPITAL

Directory of Open Access Journals (Sweden)

IRINA ANGHEL-ENESCU

2013-05-01

Full Text Available Created in the United States of America, Venture Capital is an asset class which attracted recently the attention of the policy makers all over the world. But the concept is still not clearly defined and understood. This paper attempts at introducing in the concept, its characteristics, and reviewing some of the benefits Venture Capital investments can bring at both the macroeconomic level, by looking at the correlation with the economic growth, and at the microeconomic level, for the portfolio companies.

Geothermal for kids

International Nuclear Information System (INIS)

Nemzer, M.; Condy, M.

1990-01-01

This paper reports that educating children about geothermal energy is crucial to the future growth of the geothermal industry. The Geothermal Education Office (GEO) was founded in 1989 to provide materials and support to teachers and the geothermal community in educating grades K-12 about geothermal energy. GEO's goals are to: provide easy access to or referral to appropriate sources of geothermal information; foster teacher interest; create posters, booklets, lesson plans and other educational materials; monitor and review textbooks, encyclopedias and other educational materials distributed by educational groups to ensure inclusion of appropriate, accurate information and to encourage fair treatment of alternative energy resources; contribute articles to industry, science and educational publications; and foster communication and cooperation among GEO, the geothermal industry, government agencies, and educational and environmental groups

Geothermal studies in China

International Nuclear Information System (INIS)

Wang Ji-Yang; Chen Mo-Xiang; Wang Ji-An; Deng Xiao; Wang Jun; Shen Hsien-Chieh; Hsiung Liang-Ping; Yan Shu-Zhen; Fan Zhi-Cheng; Liu Xiu-Wen

1981-01-01

Geothermal studies have been conducted in China continuosly since the end of the 1950's with renewed activity since 1970. Three areas of research are defined: (1) fundamental theoretical research of geothermics, including subsurface temperatures, terrestrial heat flow and geothermal modeling; (2) exploration for geothermal resources and exploitation of geothermal energy; (3) geothermal studies in mines. (orig./ME)

Interorganizational imitation and acquisitions of high-tech ventures

OpenAIRE

Ozmel, Umit; Reuer, J. J.; Wu, Cheng-Wei

2017-01-01

Research summary: This article shows that there is a positive association between the changes in the number of prior acquisitions or the changes in the prominence of prior acquirers within the focal venture's subfield and the venture's likelihood to be acquired. Results are in line with the existence of frequency- and trait-based imitation in acquisitions targeting tech ventures. More importantly, these positive associations are more pronounced when (a) exogenous technological uncertainty wit...

The dual role of external corporate venturing in technological exploration

DEFF Research Database (Denmark)

Li, Ying; van de Vrande, Vareska; Vanhaverbeke, Wim

2009-01-01

Innovating firms can not only explore new technologies from its innovation partners, but also explore new technologies from the organizations to which the innovating firm has had no prior relationships. Prior studies have mostly focused on a firm's exploratory learning from its venturing partners...... ("exploration from partners" or "EFP"). There has been little insight on how external corporate venturing may affect the exploratory learning beyond the venturing partnerships ("exploration beyond partners" or "EBP"). We claim that prior venturing relations have a dual role: First, the innovation firm can learn...... from knowledge embedded in its partners. Second, it can also learn from through its partners about knowledge developed by other firms or organizations with whom the innovating firm had no external venturing relations before. In this paper, we are interested how external corporate venturing partnerships...

Raising venture capital in the biopharma industry.

Science.gov (United States)

Leytes, Lev J

2002-11-15

Raising venture capital (VC) is both an art and a science. Future entrepreneurs should carefully consider the various issues of VC financing that have a strong impact on the success of their business. In addition to attracting the best venture capital firms, these issues include such subtle but important points as the timing of financing (especially of the first round), external support sources, desirable qualities of a VC firm, amount to be raised, establishing a productive interface between the founders and the venture capitalists, and most importantly the effects of well-executed VC funding on hiring senior executives and scientific leaders.

How to Create an Effective Venture Capitalist–Entrepreneur Relationship

Directory of Open Access Journals (Sweden)

Edmée van Dijk

2014-10-01

Full Text Available This study investigated the relationship between venture capitalists and entrepreneurs from an entrepreneur’s perspective. Its goal was to examine how perceived justice affects psychological contract breach (PCB and how PCB evokes reactions in the venture capitalist–entrepreneur relationship. The study was performed according to the grounded theory method. After a literature review, six entrepreneurs were interviewed who had founded a venture that received venture capital investment. Results indicate that distributive justice, formal procedures, informational justice, and interpersonal justice, among others, are important factors that can influence responses to the breach. This article discusses implications for both venture capitalists and entrepreneurs to make better decisions concerning ways to manage an effective relationship. In addition, a conceptual model is presented as a suggestion for future research.

Venture funding for science-based African health innovation

Directory of Open Access Journals (Sweden)

Daar Abdallah S

2010-12-01

Full Text Available Abstract Background While venture funding has been applied to biotechnology and health in high-income countries, it is still nascent in these fields in developing countries, and particularly in Africa. Yet the need for implementing innovative solutions to health challenges is greatest in Africa, with its enormous burden of communicable disease. Issues such as risk, investment opportunities, return on investment requirements, and quantifying health impact are critical in assessing venture capital’s potential for supporting health innovation. This paper uses lessons learned from five venture capital firms from Kenya, South Africa, China, India, and the US to suggest design principles for African health venture funds. Discussion The case study method was used to explore relevant funds, and lessons for the African context. The health venture funds in this study included publicly-owned organizations, corporations, social enterprises, and subsidiaries of foreign venture firms. The size and type of investments varied widely. The primary investor in four funds was the International Finance Corporation. Three of the funds aimed primarily for financial returns, one aimed primarily for social and health returns, and one had mixed aims. Lessons learned include the importance of measuring and supporting both social and financial returns; the need to engage both upstream capital such as government risk-funding and downstream capital from the private sector; and the existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments. Based on these lessons, design principles for appropriate venture funding are suggested. Summary Based on the cases studied and relevant experiences elsewhere, there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social

The Internationalization of Venture Capital: Challenges and Opportunities

OpenAIRE

Thomas Gstraunthaler; Galina Sagieva

2011-01-01

This paper attempts to summarize and systematize the landscape of the global venture capital industry. It presents major basic business models and investment strategies, assesses the contribution of venture capital (VC) to economic growth, and the incentives and constraints for VC’s development, and it identifies research gaps in this area. Venture capital is often regarded as the only source of support for start-ups, particularly for those in high-tech innovative sectors. The authors explore...

Geothermal energy

International Nuclear Information System (INIS)

Anon.

1992-01-01

This chapter discusses the role of geothermal energy may have on the energy future of the US. The topics discussed in the chapter include historical aspects of geothermal energy, the geothermal resource, hydrothermal fluids, electricity production, district heating, process heating, geopressured brines, technology and costs, hot dry rock, magma, and environmental and siting issues

A guide to organizing joint ventures with physicians.

Science.gov (United States)

Peters, G R

1986-12-01

Catholic health care facilities must consider the business and legal risks, canon law, and other constraints when planning a joint venture with physicians. Participants should first establish goals and compatibility, then determine the venture's type (property, service), form ("true," lease, contract), and structure (corporation, partnership, joint property ownership, trust). The administrator must decide whether the facility will participate directly in the venture or form a separate organization. Participants must determine their relationships with the venture, choosing among many options. The administrator should consider whether a venture raises any canon law issues, especially regarding ecclesiastical and secular assets, approval by the local bishop or Holy See, and need for consultation. Other pertinent legal issues include: Fraud and abuse. The venture should not appear as compensation to induce referrals. Physician referrals. Many states prohibit or restrict referrals by physician participants. Antitrust law. Participants may be liable for actions constituting on antitrust violation. Securities low. Organizers must clarify Securities and Exchange Commission registration exemptions and observe state "blue sky" laws. Tax issues. Catholic health care facilities must consider such factors as tax-exempt status, unrelated business income, taxable subsidiaries, and public charity status. Other considerations include tax ramifications for physicians; tax shelter registration; certificate of need (CON), licensing, and building standards; effects on reimbursement and pension plans; organizational and bond documents; corporate medical practice and fee-splitting questions; and labor and contractual issues.

Venture Capital Financing, Moral Hazard and Learning

NARCIS (Netherlands)

Bergemann, D.; Hege, U.

1997-01-01

We consider the provision of venture capital in a dynamic agency model. The value of the venture project is initially uncertain and more information arrives by developing the project. The allocation of the funds and the learning process are subject to moral hazard. The optimal contract is a

Geothermal pilot study final report: creating an international geothermal energy community

Energy Technology Data Exchange (ETDEWEB)

Bresee, J.C.; Yen, W.W.S.; Metzler, J.E. (eds.)

1978-06-01

The Geothermal Pilot Study under the auspices of the Committee on the Challenges of Modern Society (CCMS) was established in 1973 to apply an action-oriented approach to international geothermal research and development, taking advantage of the established channels of governmental communication provided by the North Atlantic Treaty Organization (NATO). The Pilot Study was composed of five substudies. They included: computer-based information systems; direct application of geothermal energy; reservoir assessment; small geothermal power plants; and hot dry rock concepts. The most significant overall result of the CCMS Geothermal Pilot Study, which is now complete, is the establishment of an identifiable community of geothermal experts in a dozen or more countries active in development programs. Specific accomplishments include the creation of an international computer file of technical information on geothermal wells and fields, the development of studies and reports on direct applications, geothermal fluid injection and small power plants, and the operation of the visiting scientist program. In the United States, the computer file has aready proven useful in the development of reservoir models and of chemical geothermometers. The state-of-the-art report on direct uses of geothermal energy is proving to be a valuable resource document for laypersons and experts in an area of increasing interest to many countries. Geothermal fluid injection studies in El Salvador, New Zealand, and the United States have been assisted by the Reservoir Assessment Substudy and have led to long-range reservoir engineering studies in Mexico. At least seven small geothermal power plants are in use or have been planned for construction around the world since the Small Power Plant Substudy was instituted--at least partial credit for this increased application can be assigned to the CCMS Geothermal Pilot Study. (JGB)

The post-formation management of international joint ventures

DEFF Research Database (Denmark)

Dao, Li

2014-01-01

International joint venture (IJV) is not a new organizational phenomenon in international business. Existing research in IJVs has provided a well-established body of knowledge informing much of the joint venture process from parent firms’ strategic consideration to implementation phase...... a sensemaking approach to IJV post-formation management in search of capturing such ‘soft’, invisible managerial processes in a visible conceptualization that contributes to a better understanding of this complex organizational phenomenon. Empirical insights from cases of Danish – Vietnamese joint ventures...

Geothermal tomorrow 2008

Energy Technology Data Exchange (ETDEWEB)

None, None

2009-01-18

Contributors from the Geothermal Technologies Program and the geothermal community highlight the current status and activities of the Program and the development of the global resource of geothermal energy.

National Geothermal Data System (NGDS) Geothermal Data: Community Requirements and Information Engineering

Energy Technology Data Exchange (ETDEWEB)

Anderson, Arlene [United States Department of Energy; Blackwell, David [Southern Methodist University; Chickering, Cathy [Southern Methodist University; Boyd, Toni [Oregon Institute of Technology; Horne, Roland [Stanford University; MacKenzie, Matthew [Uberity Technology Corporation; Moore, Joseph [University of Utah; Nickull, Duane [Uberity Technology Corporation; Richard, Stephen [Arizona Geological survey; Shevenell, Lisa A. [University of Nevada, Reno

2013-10-01

To satisfy the critical need for geothermal data to advance geothermal energy as a viable renewable energy contender, the U.S. Department of Energy is investing in the development of the National Geothermal Data System (NGDS). This paper outlines efforts among geothermal data providers nationwide to supply cutting edge geo-informatics. NGDS geothermal data acquisition, delivery, and methodology are discussed. In particular, this paper addresses the various types of data required to effectively assess geothermal energy potential and why simple links to existing data are insufficient. To create a platform for ready access by all geothermal stakeholders, the NGDS includes a work plan that addresses data assets and resources of interest to users, a survey of data providers, data content models, and how data will be exchanged and promoted, as well as lessons learned within the geothermal community.

International venture capital perspective

International Nuclear Information System (INIS)

Carter, D.

2004-01-01

'Full text:' The emerging fuel cell industry is characterized by global cooperation and partnerships in commercial, technical, and financial aspects. In this talk, we would like to provide observations about international venture capital focused on fuel cells globally. The talk will refer to experiences Conduit Ventures has had with its portfolio companies and other investors in various countries. We discuss our approach to working with portfolio companies who are geographically remote from our main office in London. We also discuss the process of making investment decisions on possible investments in various countries. The talk will conclude with insights and 'lessons learned' which may be of interest to fellow members of Fuel Cells Canada. (author)

World geothermal congress

International Nuclear Information System (INIS)

Povarov, O.A.; Tomarov, G.V.

2001-01-01

The World geothermal congress took place in the period from 28 May up to 10 June 2000 in Japan. About 2000 men from 43 countries, including specialists in the area of developing geothermal fields, creating and operating geothermal electrical and thermal plants and various systems for the earth heat application, participated in the work of the Congress. It was noted at the Congress, that development of the geothermal power engineering in the world is characterized by the large-scale application of geothermal resources for the electrical energy generation [ru

Taxes and Venture Capital Support

DEFF Research Database (Denmark)

Keuschnigg, Christian; Nielsen, Søren Bo

2003-01-01

In this paper we set up a model of start-up finance under double moral hazard.Entrepreneurs lack own resources and business experience to develop their ideas.Venture capitalists can provide start-up finance and commercial support. The effortput forth by either agent contributes to the firm......-set may paradoxically contribute to higher quality of venturecapital finance and welfare. Subsidies to physical investment in VC-backed startupsare detrimental in our framework.Keywords: Venture capital, capital gains taxation, double moral hazard.JEL-Classification: D82, G24, H24, H25...

What Determines Joint Venture Termination?

DEFF Research Database (Denmark)

Nielsen, Bo Bernhard

2012-01-01

Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination. This commen......Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination...

New venture creation as emerging interdependencies

DEFF Research Database (Denmark)

van Oorschot, Robin; Gottlieb, Frederik

2015-01-01

into an evocative and analytical direction which is rarely touched upon in the dominant literature on entrepreneurship. We illustrate the value of narrative research in enabling us to investigate what new venture creation is, from an involved participant perspective. We find interdependencies as enabling...... constraints between the persons involved in creating the new venture, paradoxically at the same time opening up and closing down opportunities, which affects the decision making....

Entrepreneurial Learning, Heuristics and Venture Creation

OpenAIRE

RAUF, MIAN SHAMS; ZAINULLAH, MOHAMMAD

2009-01-01

After rigorous criticism on trait approach and with the emergence of behavioral approach in entrepreneurship during 1980s, the researchers started to introduce learning and cognitive theories in entrepreneurship to describe and explain the dynamic nature of entrepreneurship. Many researchers have described venture creation as a core and the single most important element of entrepreneurship. This thesis will discuss and present the role of entrepreneurial learning and heuristics in venture cre...

The impact of joint ventures on U.S. hospitals.

Science.gov (United States)

Harrison, Jeffrey P

2006-01-01

This quantitative research study assesses the organizational characteristics, market factors, and profitability of US hospitals that operate joint ventures with other health care organizations. Data was obtained from the 2001 American Hospital Association annual survey, the Area Resource File, and the Center for Medicare and Medicaid Services Minimum Data Set. These data files provide essential information on individual acute care hospitals, the communities they serve, and the level of financial performance. Descriptive statistics were evaluated and a logistic regression model was utilized to examine hospitals operating joint ventures. The study found hospitals that operate joint ventures are located in communities with more elderly patients, lower unemployment, and lower HMO penetration. From an operating performance perspective, hospitals that operate joint ventures have a higher occupancy rate, a higher average length of stay, more clinical services, lower long-term debt, and a greater number of managed care contracts. The results also appear to indicate that joint ventures have a positive financial impact on US hospitals. The study has managerial implications supporting the use of joint ventures to improve hospital performance and policy implications on resource allocation.

Geothermal probabilistic cost study

Energy Technology Data Exchange (ETDEWEB)

Orren, L.H.; Ziman, G.M.; Jones, S.C.; Lee, T.K.; Noll, R.; Wilde, L.; Sadanand, V.

1981-08-01

A tool is presented to quantify the risks of geothermal projects, the Geothermal Probabilistic Cost Model (GPCM). The GPCM model is used to evaluate a geothermal reservoir for a binary-cycle electric plant at Heber, California. Three institutional aspects of the geothermal risk which can shift the risk among different agents are analyzed. The leasing of geothermal land, contracting between the producer and the user of the geothermal heat, and insurance against faulty performance are examined. (MHR)

Venture Capital Initiative: Ohio's School Improvement Effort.

Science.gov (United States)

Yoo, Soonhwa; Loadman, William E.

In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try…

Factors related to the capital structure of small new ventures

NARCIS (Netherlands)

Harms, Rainer; Breitenecker, R.; Schwartz, E.J.; Wdowiak, M.A.

2012-01-01

In the literature, there exists evidence on the capital structure determinants for small ventures, but empirical research for new ventures is limited. We seek to address this gap by presenting a confirmatory analysis of determinants of capital structure of a sample of small new ventures in Austria.

Hawaii geothermal project

Science.gov (United States)

Kamins, R. M.

1974-01-01

Hawaii's Geothermal Project is investigating the occurrence of geothermal resources in the archipelago, initially on the Island of Hawaii. The state's interest in geothermal development is keen, since it is almost totally dependent on imported oil for energy. Geothermal development in Hawaii may require greater participation by the public sector than has been true in California. The initial exploration has been financed by the national, state, and county governments. Maximization of net benefits may call for multiple use of geothermal resources; the extraction of by-products and the application of treated effluents to agricultural and aquacultural uses.

The Determinants of Venture Capital Portfolio Size: Empirical Evidence

OpenAIRE

Douglas J. Cumming

2006-01-01

This paper explores factors that affect portfolio size among a sample of venture capital financing data from 214 Canadian funds. Four categories of factors affect portfolio size: (1) the venture capital funds' characteristics, including the type of fund, fund duration, fund-raising, and the number of venture capital fund managers; (2) the entrepreneurial firms' characteristics, including stage of development, technology, and geographic location; (3) the nature of the financing transactions, i...

Geothermal energy

International Nuclear Information System (INIS)

Vuataz, F.-D.

2005-01-01

This article gives a general overview of the past and present development of geothermal energy worldwide and a more detailed one in Switzerland. Worldwide installed electrical power using geothermal energy sources amounts to 8900 MW el . Worldwide utilization of geothermal energy for thermal applications amounts to 28,000 MW th . The main application (56.5%) is ground-coupled heat pumps, others are thermal spas and swimming pools (17.7%), space heating (14.9%), heating of greenhouses (4.8%), fish farming (2.2%), industrial uses (1,8%), cooling and melting of snow (1.2%), drying of agricultural products (0.6 %). Switzerland has become an important user of geothermal energy only in the past 25 years. Earlier, only the exploitation of geothermal springs (deep aquifers) in Swiss thermal baths had a long tradition, since the time of the Romans. Today, the main use of geothermal energy is as a heat source for heat pumps utilizing vertical borehole heat exchangers of 50 to 350 meters length. 35,000 installations of this type with heating powers ranging from a few kW to 1000 kW already exist, representing the highest density of such installations worldwide. Other developments are geostructures and energy piles, the use of groundwater for heating and cooling, geothermal district heating, the utilization of draining water from tunnels and the project 'Deep Heat Mining' allowing the combined production of heat and electric power

Advanced Geothermal Turbodrill

Energy Technology Data Exchange (ETDEWEB)

W. C. Maurer

2000-05-01

Approximately 50% of the cost of a new geothermal power plant is in the wells that must be drilled. Compared to the majority of oil and gas wells, geothermal wells are more difficult and costly to drill for several reasons. First, most U.S. geothermal resources consist of hot, hard crystalline rock formations which drill much slower than the relatively soft sedimentary formations associated with most oil and gas production. Second, high downhole temperatures can greatly shorten equipment life or preclude the use of some technologies altogether. Third, producing viable levels of electricity from geothermal fields requires the use of large diameter bores and a high degree of fluid communication, both of which increase drilling and completion costs. Optimizing fluid communication often requires creation of a directional well to intersect the best and largest number of fracture capable of producing hot geothermal fluids. Moineau motor stators made with elastomers cannot operate at geothermal temperatures, so they are limited to the upper portion of the hole. To overcome these limitations, Maurer Engineering Inc. (MEI) has developed a turbodrill that does not use elastomers and therefore can operate at geothermal temperatures. This new turbodrill uses a special gear assembly to reduce the output speed, thus allowing a larger range of bit types, especially tri-cone roller bits, which are the bits of choice for drilling hard crystalline formations. The Advanced Geothermal Turbodrill (AGT) represents a significant improvement for drilling geothermal wells and has the potential to significantly reduce drilling costs while increasing production, thereby making geothermal energy less expensive and better able to compete with fossil fuels. The final field test of the AGT will prepare the tool for successful commercialization.

Guidebook to Geothermal Finance

Energy Technology Data Exchange (ETDEWEB)

Salmon, J. P.; Meurice, J.; Wobus, N.; Stern, F.; Duaime, M.

2011-03-01

This guidebook is intended to facilitate further investment in conventional geothermal projects in the United States. It includes a brief primer on geothermal technology and the most relevant policies related to geothermal project development. The trends in geothermal project finance are the focus of this tool, relying heavily on interviews with leaders in the field of geothermal project finance. Using the information provided, developers and investors may innovate in new ways, developing partnerships that match investors' risk tolerance with the capital requirements of geothermal projects in this dynamic and evolving marketplace.

Proposed Chevron Tengiz venture stalls amid Soviet political squabble

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports on the status of foreign investment in Soviet oil and gas joint ventures which has reached a critical juncture. Just as the U.S. is considering granting most favored nation trade status to the U.S.S.R., the joint venture petroleum deal seen as the litmus test for such deals-Chevron Corp.'s proposed addition of supergiant Tengiz oil field to its Caspian Sea joint venture-has stalled amid controversy. Unconfirmed reports from Soviet officials and other foreign joint venture participants in the U.S.S.R. have Chevron pulling out of the long negotiated, multibillion dollar project after the Soviets rejected the company's terms. Chevron, however, insists the project is still alive

13 CFR 108.10 - Description of the New Markets Venture Capital Program.

Science.gov (United States)

2010-01-01

... Venture Capital Program. 108.10 Section 108.10 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Introduction to Part 108 § 108.10 Description of the New Markets Venture Capital Program. The New Markets Venture Capital (“NMVC”) Program is a...

The start-up processes of academic spin-offs and non-academic ventures

OpenAIRE

Roininen, Sari

2006-01-01

New and small firms are important for the national economic growth, and hence there is a growing interest among policy makers and researchers in understanding the start-up processes among new ventures in order to facilitate more new venture creations. Prior research addressing new ventures' start-up processes focus mainly on the individual behind the venture or different activities in the start-up process. The overall purpose of this study is to increase the understanding of new venture s...

Geothermal energy

Directory of Open Access Journals (Sweden)

Manzella A.

2017-01-01

Full Text Available Geothermal technologies use renewable energy resources to generate electricity and direct use of heat while producing very low levels of greenhouse-gas (GHG emissions. Geothermal energy is the thermal energy stored in the underground, including any contained fluid, which is available for extraction and conversion into energy products. Electricity generation, which nowadays produces 73.7 TWh (12.7 GW of capacity worldwide, usually requires geothermal resources temperatures of over 100 °C. For heating, geothermal resources spanning a wider range of temperatures can be used in applications such as space and district heating (and cooling, with proper technology, spa and swimming pool heating, greenhouse and soil heating, aquaculture pond heating, industrial process heating and snow melting. Produced geothermal heat in the world accounts to 164.6 TWh, with a capacity of 70.9 GW. Geothermal technology, which has focused for decades on extracting naturally heated steam or hot water from natural hydrothermal reservoirs, is developing to more advanced techniques to exploit the heat also where underground fluids are scarce and to use the Earth as a potential energy battery, by storing heat. The success of the research will enable energy recovery and utilization from a much larger fraction of the accessible thermal energy in the Earth’s crust.

Geothermal energy

Science.gov (United States)

Manzella, A.

2017-07-01

Geothermal technologies use renewable energy resources to generate electricity and direct use of heat while producing very low levels of greenhouse-gas (GHG) emissions. Geothermal energy is the thermal energy stored in the underground, including any contained fluid, which is available for extraction and conversion into energy products. Electricity generation, which nowadays produces 73.7 TWh (12.7 GW of capacity) worldwide, usually requires geothermal resources temperatures of over 100 °C. For heating, geothermal resources spanning a wider range of temperatures can be used in applications such as space and district heating (and cooling, with proper technology), spa and swimming pool heating, greenhouse and soil heating, aquaculture pond heating, industrial process heating and snow melting. Produced geothermal heat in the world accounts to 164.6 TWh, with a capacity of 70.9 GW. Geothermal technology, which has focused for decades on extracting naturally heated steam or hot water from natural hydrothermal reservoirs, is developing to more advanced techniques to exploit the heat also where underground fluids are scarce and to use the Earth as a potential energy battery, by storing heat. The success of the research will enable energy recovery and utilization from a much larger fraction of the accessible thermal energy in the Earth's crust.

Geothermal energy worldwide

International Nuclear Information System (INIS)

Barbier, Enriko

1997-01-01

Geothermal energy, as a natural steam and hot water, has been exploited for decades in order to generate electricity as well as district heating and industrial processes. The present geothermal electrical installed capacity in the world is about 10.000 MWe and the thermal capacity in non-electrical uses is about 8.200 MWt. Electricity is produced with an efficiency of 10-17%, and the cost of the kWh is competitive with conventional energy sources. In the developing countries, where a total installed electrical power is still low, geothermal energy can play a significant role: in El Salvador, for example, 25% of electricity comes from geothermal spring, 20% in the Philippines and 8% in Kenya. Present technology makes it possible to control the environmental impact of geothermal exploitation. Geothermal energy could also be extracted from deep geopressured reservoirs in large sedimentary basins, hot dry rock systems and magma bodies. (author)

provider venture capital funds: investing in innovation.

Science.gov (United States)

Potter, Mary Jo; Wesslund, Rick

2016-05-01

As health systems continue to embrace disruptive innovation, they are increasingly likely to consider making a move into venture capital. Working in venture capital can benefit a health system in several ways, including: Allowing it to operate outside of bureaucracy and align projects with its core values. Encouraging innovation within the organization. Enabling it to respond quickly to changes in the market.

Geothermal energy

OpenAIRE

Manzella A.

2017-01-01

Geothermal technologies use renewable energy resources to generate electricity and direct use of heat while producing very low levels of greenhouse-gas (GHG) emissions. Geothermal energy is the thermal energy stored in the underground, including any contained fluid, which is available for extraction and conversion into energy products. Electricity generation, which nowadays produces 73.7 TWh (12.7 GW of capacity) worldwide, usually requires geothermal resources temperatures of over 100 °C. Fo...

New ventures shape up for Russian projects

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that the foreign presence in the Soviet oil industry is destined to grow as a result of ventures by Canadian, British, and French companies. Gulf Canada Resources Ltd., Calgary, last week disclosed the government of the Russian republic has granted approvals necessary to enable Gulf Canada and British Gas plc's KomiArctic Oil joint venture to begin production operations immediately. The approvals follow the registration of Komi Arctic Oil by the Minister of Finance of the Russian Federation in November, at which time it became a legally constituted independent company in Russia. Canadian Fracmaster Ltd., also of Calgary, disclosed it plans to spend $75-100 million on three new joint venture production deals in the Russian republic in 1992

Instant Internationalization of Emerging Economy New Ventures

DEFF Research Database (Denmark)

Turcan, Romeo V.

2012-01-01

Being positioned and the intersection of international entrepreneurship and institutional theory, this study explores the process of instant internationalization of new ventures from emerging economies. It adopts a single-case study methodology, purposefully selecting an information-rich case where...... context of an emerging industry. Yet another set of contributions concerns the legitimation process of internationalization of a new venture from an emerging economy. A number of propositions are put forward to guide future research....... the phenomenon is manifested intensely, but not extremely. A family-owned venture located in Moldova that is in the business of processing fruit and vegetables was selected for this study. It started up in 2000 and from its inception the sales from exports grew almost 120% per year. Data collection took place...

How to establish and sustain a joint venture in China.

Science.gov (United States)

Lee, Paul

2008-01-01

Joint ventures with Chinese companies provide one of the most effective ways for international companies to establish a foothold in the booming Chinese economy. The benefits, opportunities and challenges of establishing a joint venture are explored here. Current partnering trends and successful Sino-foreign joint ventures in the fast-growing medical device industry in China are also highlighted.

Venture Capital Investment in the Life Sciences in Switzerland.

Science.gov (United States)

Hosang, Markus

2014-12-01

Innovation is one of the main driving factors for continuous and healthy economic growth and welfare. Switzerland as a resource-poor country is particularly dependent on innovation, and the life sciences, which comprise biotechnologies, (bio)pharmaceuticals, medical technologies and diagnostics, are one of the key areas of innovative strength of Switzerland. Venture capital financing and venture capitalists (frequently called 'VCs') and investors in public equities have played and still play a pivotal role in financing the Swiss biotechnology industry. In the following some general features of venture capital investment in life sciences as well as some opportunities and challenges which venture capital investors in Switzerland are facing are highlighted. In addition certain means to counteract these challenges including the 'Zukunftsfonds Schweiz' are discussed.

Patterns of venturing financing: The case of Chinese entrepreneurs

OpenAIRE

Liao, Jianwen; Welsch, Harold; Pistrui, David

2003-01-01

This study examines the sources of venture financing of Chinese entrepreneurs in Wuhan, China. Based on a sample of 222, we found that Chinese entrepreneurs in Wuhan mainly rely on venture financing on their own or parties that are within their close social networks such as parents, relatives and friends. External financing sources are notably missing. We also found that entrepreneurs who use significantly more personal saving in venture financing are older (>37 years), female, with high scho...

Geothermal system 'Toplets' and geothermal potential of Dojran region

International Nuclear Information System (INIS)

Karakashev, Deljo; Delipetrov, Marjan; Jovanov, Kosta

2008-01-01

The Toplets geothermal spring that expands into a wide geothermal net in the watershed of Lake Dojran along the geophysical exploration work carried out in the terrain, indicated the presence of a significant geothermal potential in the region. In the future it may become the major factor for the development of vegetable growing, the use of the medicinal properties of the mineral spas and tourism as well as the prosperity of the region. Water temperature in Lake Dojran amounts 15°C to 28°C during the year that is mach higher compared with the temperature of water lakes in neighbouring Greece. This indicates that beneath Lake Dojran there are other geothermal sources that replenish the lake with thermal water. Such manifestations of geothermal energy in the region along with other thermal phenomena speak for the presence of large reserves of geothermal energy in the Dojran depression. (Author)

Geothermal system 'Toplets' and geothermal potential of Dojran region

International Nuclear Information System (INIS)

Karakashev, Deljo; Delipetrov, Marjan; Jovanov, Kosta

2007-01-01

The Toplets geothermal spring that expands into a wide geothermal net in the watershed of Lake Dojran along the geophysical exploration work carried out in the terrain, indicated the presence of a significant geothermal potential in the region. In the future it may become the major factor for the development of vegetable growing, the use of the medicinal properties of the mineral spas and tourism as well as the prosperity of the region. Water temperature in Lake Dojran amounts 15°C to 28°C during the year that is mach higher compared with the temperature of water lakes in neighbouring Greece. This indicates that beneath Lake Dojran there are other geothermal sources that replenish the lake with thermal water. Such manifestations of geothermal energy in the region along with other thermal phenomena speak for the presence of large reserves of geothermal energy in the Dojran depression. (Author)

Geothermal System Extensions

Energy Technology Data Exchange (ETDEWEB)

Gunnerson, Jon [Boise City Corporation, ID (United States); Pardy, James J. [Boise City Corporation, ID (United States)

2017-09-30

This material is based upon work supported by the Department of Energy under Award Number DE-EE0000318. The City of Boise operates and maintains the nation’s largest geothermal heating district. Today, 91 buildings are connected, providing space heating to over 5.5 million square feet, domestic water heating, laundry and pool heating, sidewalk snowmelt and other related uses. Approximately 300 million gallons of 177°F geothermal water is pumped annually to buildings and institutions located in downtown Boise. The closed loop system returns all used geothermal water back into the aquifer after heat has been removed via an Injection Well. Water injected back into the aquifer has an average temperature of 115°F. This project expanded the Boise Geothermal Heating District (Geothermal System) to bring geothermal energy to the campus of Boise State University and to the Central Addition Eco-District. In addition, this project also improved the overall system’s reliability and increased the hydraulic capacity.

Duke University: Licensing and Real Estate Joint Ventures.

Science.gov (United States)

McDonald, Eugene J.

1984-01-01

Joint ventures undertaken by Duke University with industry are reported that illustrate the imaginative arrangements and economic and otherwise advantageous structures possible in co-ventures. They include patent and trademark licensing, travel agency commissions, a racquetball and health club, a hotel, and an office building. (MSE)

GEOTHERMAL / SOLAR HYBRID DESIGNS: USE OF GEOTHERMAL ENERGY FOR CSP FEEDWATER HEATING

Energy Technology Data Exchange (ETDEWEB)

Craig Turchi; Guangdong Zhu; Michael Wagner; Tom Williams; Dan Wendt

2014-10-01

This paper examines a hybrid geothermal / solar thermal plant design that uses geothermal energy to provide feedwater heating in a conventional steam-Rankine power cycle deployed by a concentrating solar power (CSP) plant. The geothermal energy represents slightly over 10% of the total thermal input to the hybrid plant. The geothermal energy allows power output from the hybrid plant to increase by about 8% relative to a stand-alone CSP plant with the same solar-thermal input. Geothermal energy is converted to electricity at an efficiency of 1.7 to 2.5 times greater than would occur in a stand-alone, binary-cycle geothermal plant using the same geothermal resource. While the design exhibits a clear advantage during hybrid plant operation, the annual advantage of the hybrid versus two stand-alone power plants depends on the total annual operating hours of the hybrid plant. The annual results in this draft paper are preliminary, and further results are expected prior to submission of a final paper.

Venture capital performance: the disparity between Europe and the United States

NARCIS (Netherlands)

Schwienbacher, A.; Hege, U.; Palomino, F.

2009-01-01

Abstract: This paper compares the success of venture capital investments in the United States and in Europe by analyzing individual venture-backed companies and the value generated within the stage financing process. We document that US venture capitalists generate significantly more value with

Geothermal energy

Directory of Open Access Journals (Sweden)

Manzella A.

2015-01-01

Full Text Available Geothermal technologies use renewable energy resources to generate electricity and direct use of heat while producing very low levels of greenhouse-gas (GHG emissions. Geothermal energy is stored in rocks and in fluids circulating in the underground. Electricity generation usually requires geothermal resources temperatures of over 100°C. For heating, geothermal resources spanning a wider range of temperatures can be used in applications such as space and district heating (and cooling, with proper technology, spa and swimming pool heating, greenhouse and soil heating, aquaculture pond heating, industrial process heating and snow melting. Geothermal technology, which has focused so far on extracting naturally heated steam or hot water from natural hydrothermal reservoirs, is developing to more advanced techniques to exploit the heat also where underground fluids are scarce and to use the Earth as a potential energy battery, by storing heat. The success of the research will enable energy recovery and utilization from a much larger fraction of the accessible thermal energy in the Earth’s crust.

Geothermal energy in Jordan

International Nuclear Information System (INIS)

Al-Dabbas, Moh'd A. F.

1993-11-01

The potential of geothermal energy utilization in Jordan was discussed. The report gave a summary of the location of geothermal anomalies in Jordan, and of ongoing projects that utilize geothermal energy for greenhouse heating, fish farming, refrigeration by absorption, and water desalination of deep aquifers. The problems facing the utilization of geothermal energy in Jordan were identified to be financial (i.e. insufficient allocation of local funding, and difficulty in getting foreign financing), and inadequate expertise in the field of geothermal energy applications. The report gave a historical account of geothermal energy utilization activities in Jordan, including cooperation activities with international organizations and foreign countries. A total of 19 reports already prepared in the areas of geochemical and hydrological studies were identified. The report concluded that the utilization of geothermal energy offers some interesting economic possibilities. (A.M.H.). 4 refs. 1 map

U.S.-Soviet joint venture near final terms

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that U.S. and Russian partners expect late this moth to register their second oil and gas joint venture in western Siberia. If plans proceed on schedule following registration, Golden Mammoth partners about June 1992 will begin drilling joint venture wells in the Bakhilovsk region

The Cultural Context of Learning in International Joint Ventures.

Science.gov (United States)

Liu, Shimin; Vince, Russ

1999-01-01

A study of Chinese-Western joint business ventures showed that cultural context and different modes of managing and organizing must be considered. Successful joint ventures involve a process of collective, two-way learning. (SK)

Success in geothermal development

International Nuclear Information System (INIS)

Stefansson, V.

1992-01-01

Success in geothermal development can be defined as the ability to produce geothermal energy at compatible energy prices to other energy sources. Drilling comprises usually the largest cost in geothermal development, and the results of drilling is largely influencing the final price of geothermal energy. For 20 geothermal fields with operating power plants, the ratio between installed capacity and the total number of well in the field is 1.9 MWe/well. The drilling history in 30 geothermal fields are analyzed by plotting the average cumulative well outputs as function of the number of wells drilled in the field. The range of the average well output is 1-10 MWe/well with the mean value 4.2 MWe/well for the 30 geothermal fields studied. A leaning curve is defined as the number of wells drilled in each field before the average output per well reaches a fairly constant value, which is characteristic for the geothermal reservoir. The range for this learning time is 4-36 wells and the average is 13 wells. In general, the average well output in a given field is fairly constant after some 10-20 wells has been drilled in the field. The asymptotic average well output is considered to be a reservoir parameter when it is normalized to the average drilling depth. In average, this reservoir parameter can be expressed as 3.3 MWe per drilled km for the 30 geothermal fields studied. The lifetime of the resource or the depletion time of the geothermal reservoir should also be considered as a parameter influencing the success of geothermal development. Stepwise development, where the reservoir response to the utilization for the first step is used to determine the timing of the installment of the next step, is considered to be an appropriate method to minimize the risk for over investment in a geothermal field

United States -- Mexican joint ventures: A case history approach

Energy Technology Data Exchange (ETDEWEB)

Moore, N.L.; Chidester, R.J.; Hughes, K.R.; Fowler, R.A.

1993-03-01

Because the Mexican government has encouraged investment in Mexico by increasing the percentage of ownership of a Mexican business that a US company can hold, joint ventures are more attractive now than they had been in the past. This study provides preliminary information for US renewable energy companies who are interested in forming a joint venture with a Mexican company. This report is not intended to be a complete reference but does identifies a number of important factors that should be observed when forming a Mexican joint venture: (1)Successful joint ventures achieve the goals of each partner. (2)It is essential that all parties agree to the allocation of responsibilities. (3)Put everything in writing. (4)Research in depth the country or countries in which you are considering doing business.

The geothermal power organization

Energy Technology Data Exchange (ETDEWEB)

Scholl, K.L. [National Renewable Energy Lab., Golden, CO (United States)

1997-12-31

The Geothermal Power Organization is an industry-led advisory group organized to advance the state-of-the-art in geothermal energy conversion technologies. Its goal is to generate electricity from geothermal fluids in the most cost-effective, safe, and environmentally benign manner possible. The group achieves this goal by determining the Member`s interest in potential solutions to technological problems, advising the research and development community of the needs of the geothermal energy conversion industry, and communicating research and development results among its Members. With the creation and adoption of a new charter, the Geothermal Power Organization will now assist the industry in pursuing cost-shared research and development projects with the DOE`s Office of Geothermal Technologies.

Geothermal reservoir engineering

CERN Document Server

Grant, Malcolm Alister

2011-01-01

As nations alike struggle to diversify and secure their power portfolios, geothermal energy, the essentially limitless heat emanating from the earth itself, is being harnessed at an unprecedented rate.  For the last 25 years, engineers around the world tasked with taming this raw power have used Geothermal Reservoir Engineering as both a training manual and a professional reference.  This long-awaited second edition of Geothermal Reservoir Engineering is a practical guide to the issues and tasks geothermal engineers encounter in the course of their daily jobs. The bo

46 CFR 67.37 - Association or joint venture.

Science.gov (United States)

2010-10-01

... 46 Shipping 2 2010-10-01 2010-10-01 false Association or joint venture. 67.37 Section 67.37... DOCUMENTATION OF VESSELS Citizenship Requirements for Vessel Documentation § 67.37 Association or joint venture. (a) An association meets citizenship requirements if each of its members is a citizen. (b) A joint...

Joint ventures between industry and government

International Nuclear Information System (INIS)

Vant, T.R.

1991-01-01

Joint venture projects undertaken between government and industry in western Canada are reviewed. The first significant involvement of the Alberta government was with the Syncrude oil sands project. In 1974, one of the original participants, Atlantic Richfield, pulled out of Syncrude for financial reasons. After a government review and search for replacement participation, three provincial governments took equity positions in the project. The Syncrude project has since had a very significant impact on Alberta and Canada in terms of oil production, employment, investment, and profits. The Other Six Leases Operation (OSLO), the OSLO New Ventures Project, and the Lloydminster Bi-Provincial Upgrader would also not have advanced to their present stages of development without government participation. Since oil sand/heavy oil development requires significant capital investment over long lead times, and since there are few private companies that can undertake such a commitment, government assistance is often required. It also makes sense for governments to share upfront risk in such projects for both the long-term economic gain and such immediate benefits as job creation and energy supply security. An industry/government joint venture provides a means of getting large, inherently economic projects such as oil sands developments under way while protecting taxpayers' interests. The success of such a joint venture depends not only on the financing brought to the project but also on the expertise, decision making capability, and balanced management of regulatory and policy issues

How does venture capital operate in medical innovation?

Science.gov (United States)

Lehoux, P; Miller, F A; Daudelin, G

2016-07-01

While health policy scholars wish to encourage the creation of technologies that bring more value to healthcare, they may not fully understand the mandate of venture capitalists and how they operate. This paper aims to clarify how venture capital operates and to illustrate its influence over the kinds of technologies that make their way into healthcare systems. The paper draws on the international innovation policy scholarship and the lessons our research team learned throughout a 5-year fieldwork conducted in Quebec (Canada). Current policies support the development of technologies that capital investors identify as valuable, and which may not align with important health needs. The level of congruence between a given health technology-based venture and the mandate of venture capital is highly variable, explaining why some types of innovation may never come into existence. While venture capitalists' mandate and worldview are extraneous to healthcare, they shape health technologies in several, tangible ways. Clinical leaders and health policy scholars could play a more active role in innovation policy. Because certain types of technology are more likely than others to help tackle the intractable problems of healthcare systems, public policies should be equipped to promote those that address the needs of a growing elderly population, support patients who are afflicted by chronic diseases and reduce health disparities.

GEOTHERM programme supports geothermal energy world-wide. Geothermal energy, a chance for East African countries; GEOTHERM: BGR foerdert weltweit Nutzung geothermischer Energie. Geothermie - eine Chance fuer ostafrikanische Laender

Energy Technology Data Exchange (ETDEWEB)

Kraml, M.; Kessels, K.; Kalberkamp, U.; Ochmann, N.; Stadtler, C. [Bundesanstalt fuer Geowissenschaften und Rohstoffe (BGR), Hannover (Germany)

2007-02-15

The high geothermal potential of East Africa, especially of the Eastern Rift, is known for a long time. Since these pioneer studies, geothermal plants have been constructed at three sites in East Africa. Nevertheless, up to now geothermal has been a success story only in Kenya. The steam power plant Olkaria I in Kenya is running reliability since 25 years. Today, the country produces more than 12% of its electricity from geothermal. Now, Eritrea, Djibouti, Uganda, Tanzania and Ethiopia which are also situated along the East African Rift, are planning similar projects. The countries need to develop new energy sources because oil prices have reached a critical level. In the past, hydro power was regarded to be a reliable source of energy, but increased droughts changed the situation. Thus, the african states are searching for alternatives to be able to stabilise their energy supply and to cover the growing energy demand. There is much hope that the success of the Kenyan geothermal power plants will be repeated in the neighbouring countries. The East African countries have joined their forces to give impetus to the use of the regional geothermal resources. On behalf of the Federal Ministry for Economic Cooperation and Development, the Federal Institute for Geosciences and Natural Resources supports the countries in realising their plans as part of the GEOTHERM Programme. Together with further donors (Iceland, France, USA, Global Environment Facility) the path will be paved for geothermal power plants in the above mentioned six East African countries. The following main steps are necessary: - Awareness raising of political decision makers about the advantages of including geothermal into the national power plans - Improvement of knowledge about potentials geothermal sites - Development of a regional equipment pool including the necessary geophysical equipment, laboratories, etc. - Training in geothermal exploration and plant maintenance, to minimise risks of site

15 CFR 295.23 - Dissolution of joint research and development ventures.

Science.gov (United States)

2010-01-01

... Development Ventures § 295.23 Dissolution of joint research and development ventures. Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Dissolution of joint research and...

Geothermal fields of China

Science.gov (United States)

Kearey, P.; HongBing, Wei

1993-08-01

There are over 2500 known occurrences of geothermal phenomena in China. These lie mainly in four major geothermal zones: Xizang (Tibet)-Yunnan, Taiwan, East Coast and North-South. Hot water has also been found in boreholes in major Mesozoic-Cenozoic sedimentary basins. This paper presents a summary of present knowledge of these geothermal zones. The geological settings of geothermal occurrences are associated mainly with magmatic activity, fault uplift and depressional basins and these are described by examples of each type. Increased multipurpose utilisation of geothermal resources is planned and examples are given of current usages.

Geothermal systems: Principles and case histories

Science.gov (United States)

Rybach, L.; Muffler, L. J. P.

The classification of geothermal systems is considered along with the geophysical and geochemical signatures of geothermal systems, aspects of conductive heat transfer and regional heat flow, and geothermal anomalies and their plate tectonic framework. An investigation of convective heat and mass transfer in hydrothermal systems is conducted, taking into account the mathematical modelling of hydrothermal systems, aspects of idealized convective heat and mass transport, plausible models of geothermal reservoirs, and preproduction models of hydrothermal systems. Attention is given to the prospecting for geothermal resources, the application of water geochemistry to geothermal exploration and reservoir engineering, heat extraction from geothermal reservoirs, questions of geothermal resource assessment, and environmental aspects of geothermal energy development. A description is presented of a number of case histories, taking into account the low enthalpy geothermal resource of the Pannonian Basin in Hungary, the Krafla geothermal field in Northeast Iceland, the geothermal system of the Jemez Mountains in New Mexico, and extraction-reinjection at the Ahuachapan geothermal field in El Salvador.

External legitimation in international new ventures

DEFF Research Database (Denmark)

Turcan, Romeo V.

2012-01-01

This paper explores within the framework of new venture legitimation how and why international new ventures acquire external legitimacy and strive for survival in the face of critical events. Following a longitudinal multiple-case study methodology that was adopted for the purpose of theory...... building, the paper introduces the typology of captivity, and the four types that have emerged: captive industry supplier, captive dyadic partner, captive market leader, and free market leader. The effects of captivity types on the acquisition of external legitimacy and its survival, on reaching legitimacy...

Geothermal training at the International Institute of Geothermal Research in Pisa, Italy

International Nuclear Information System (INIS)

Dickson, M.H.; Fanelli, M.

1990-01-01

Between 1985 and 1990 the International School of Geothermics of Pisa has held 5 long-term courses, attended by 93 trainees. This paper reports that since 1970, when it began its activity, the Italian geothermal training center has prepared a total of 293 goethermists from 64 countries. Under its present structure the International School of Geothermics organizes short courses and seminars, along with the long-term courses directed mainly at geothermal exploration

GEOTHERMAL GREENHOUSING IN TURKEY

Directory of Open Access Journals (Sweden)

Sedat Karaman

2016-07-01

Full Text Available Use of renewable energy resources should be brought forward to reduce heating costs of greenhouses and to minimize the use of ever-depleting fossil fuels. Geothermal energy not only provides the heat required throughout plant growth, but also allow a year-long production. Geothermal resources with several other benefits therefore play significant role in agricultural activities. With regard to geothermal potential and implementation, Turkey has the 7th place in the world and the 1st place in Europe. Majority of country geothermal resources is used in greenhouse heating. The size of geothermal greenhouses increased 5 folds during the last decade and reached to 2500 decare. In this study, current status of geothermal greenhousing of Turkey was presented; problems and possible solutions were discussed.

Fueling innovation in medical devices (and beyond): venture capital in health care.

Science.gov (United States)

Ackerly, D Clay; Valverde, Ana M; Diener, Lawrence W; Dossary, Kristin L; Schulman, Kevin A

2009-01-01

Innovation in health care requires new ideas and the capital to develop and commercialize those ideas into products or services. The necessary capital is often "venture capital," but the link between public policy and the venture capital industry has not been well examined. In this paper we explore the link between venture capital and innovation in health care, and we present new descriptive data from a survey of health care venture capital fund managers. Respondents generally viewed policy levers (for example, reimbursement and regulations) as important risks to venture capital investments, potentially affecting their ability to raise capital for early-stage investment funds.

Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

Science.gov (United States)

Romeli, Norsyakilah; Muhamad Halil, Faridah; Ismail, Faridah; Sufian Hasim, Muhammad

2018-03-01

As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

Directory of Open Access Journals (Sweden)

Romeli Norsyakilah

2018-01-01

Full Text Available As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

Pros and cons of the ambulatory surgery center joint venture.

Science.gov (United States)

Giannini, Deborah

2008-01-01

If a physician group has determined that it has a realistic patient base to establish an ambulatory surgery center, it may be beneficial to consider a partner to share the costs and risks of this new joint venture. Joint ventures can be a benefit or liability in the establishment of an ambulatory surgery center. This article discusses the advantages and disadvantages of a hospital physician-group joint venture.

Geothermal Power Technologies

DEFF Research Database (Denmark)

Montagud, Maria E. Mondejar; Chamorro, C.R.

2017-01-01

Although geothermal energy has been widely deployed for direct use in locations with especial geologic manifestations, its potential for power generation has been traditionally underestimated. Recent technology developments in drilling techniques and power conversion technologies from low......-temperature heat resources are bringing geothermal energy to the spotlight as a renewable baseload energy option for a sustainable energy mix. Although the environmental impact and economic viability of geothermal exploitation must be carefully evaluated for each case, the use of deep low-temperature geothermal...... reservoirs could soon become an important contributor to the energy generation around the world....

Geothermal Risk Reduction via Geothermal/Solar Hybrid Power Plants. Final Report

Energy Technology Data Exchange (ETDEWEB)

Wendt, Daniel [Idaho National Lab. (INL), Idaho Falls, ID (United States); Mines, Greg [Idaho National Lab. (INL), Idaho Falls, ID (United States); Turchi, Craig [National Renewable Energy Lab. (NREL), Golden, CO (United States); Zhu, Guangdong [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2015-11-01

There are numerous technical merits associated with a renewable geothermal-solar hybrid plant concept. The performance of air-cooled binary plants is lowest when ambient temperatures are high due to the decrease in air-cooled binary plant performance that occurs when the working fluid condensing temperature, and consequently the turbine exhaust pressure, increases. Electrical power demand is generally at peak levels during periods of elevated ambient temperature and it is therefore especially important to utilities to be able to provide electrical power during these periods. The time periods in which air-cooled binary geothermal power plant performance is lowest generally correspond to periods of high solar insolation. Use of solar heat to increase air-cooled geothermal power plant performance during these periods can improve the correlation between power plant output and utility load curves. While solar energy is a renewable energy source with long term performance that can be accurately characterized, on shorter time scales of hours or days it can be highly intermittent. Concentrating solar power (CSP), aka solar-thermal, plants often incorporate thermal energy storage to ensure continued operation during cloud events or after sunset. Hybridization with a geothermal power plant can eliminate the need for thermal storage due to the constant availability of geothermal heat. In addition to the elimination of the requirement for solar thermal storage, the ability of a geothermal/solar-thermal hybrid plant to share a common power block can reduce capital costs relative to separate, stand-alone geothermal and solar-thermal power plant installations. The common occurrence of long-term geothermal resource productivity decline provides additional motivation to consider the use of hybrid power plants in geothermal power production. Geothermal resource productivity decline is a source of significant risk in geothermal power generation. Many, if not all, geothermal resources

Hoechst and Wacker plan joint venture in PVC

International Nuclear Information System (INIS)

Young, I.

1992-01-01

Restructuring of Europe's petrochemical industry has taken a further step with the announcement that Hoechst (Frankfurt) and Wacker Chemie (Munich) are planning a joint venture in polyvinyl chloride (PVC). The venture would include production, R ampersand D, sales and marketing, plus both companies' PVC recycling activities. However, their vinyl chloride monomer (VCM) plants, and Hoechst's Kalle PVC film business, have been left out. Erich Schnitzler, head of Hoechst's PVC business unit, does not anticipate problems with the European Community's competition directorate. We are both among the middle-sized European PVC producers, and together we would have a 9%-10% market share. Our joint venture would not limit competition. Both partners are hoping for approval from Brussels in first-quarter 1993. Hoechst has 255,000 m.t./year of PVC capacity at Gendorfand Knapsack, while Wacker has 365,000 m.t./year at Burghausen and Cologne. All the units, except Wacker's Cologne plant, are back integrated to VCM. The joint venture would buy VCM from the two parent companies and on the merchant market

Geothermal energy

International Nuclear Information System (INIS)

Lemale, J.

2009-01-01

The geothermal energy, listed among the new and renewable energy sources, is characterized by a huge variety of techniques and applications. This book deals with the access to underground geothermal resources and with their energy valorization as well. After a presentation of the main geological, hydrogeological and thermal exploitation aspects of this resource, the book presents the different geothermal-related industries in detail, in particular the district heating systems, the aquifer-based heat pumps, the utilizations in the agriculture, fishery and balneology sectors, and the power generation. (J.S.)

Coordination of geothermal research

Energy Technology Data Exchange (ETDEWEB)

Jessop, A.M.; Drury, M.J.

1983-01-01

Visits were made in 1983 to various investigators and institutions in Canada to examine developments in geothermal research. Proposals for drilling geothermal wells to provide hot water for heating at a college in Prince Edward Island were made. In Alberta, the first phase of a program examining the feasibility of mapping sedimentary geothermal reservoirs was discussed. Some sites for possible geothermal demonstration projects were identified. In British Columbia, discussions were held between BC Hydro and Energy, Mines and Resources Canada on the drilling of a research hole into the peak of a temperature anomaly in the Meager Creek Valley. The British Columbia government has offered blocks of land in the Mount Cayley volcanic complex for lease to develop geothermal resources. A list of papers of interest to the Canadian geothermal energy program is appended.

Geothermal Information Dissemination and Outreach

Energy Technology Data Exchange (ETDEWEB)

Clutter, Ted J. [Geothermal Resources Council (United States)

2005-02-18

Project Purpose. To enhance technological and topical information transfer in support of industry and government efforts to increase geothermal energy use in the United States (power production, direct use, and geothermal groundsource heat pumps). Project Work. GRC 2003 Annual Meeting. The GRC convened the meeting on Oct. 12-15, 2003, at Morelia's Centro de Convenciones y ExpoCentro in Mexico under the theme, International Collaboration for Geothermal Energy in the Americas. The event was also sponsored by the Comision Federal de Electricidad. ~600 participants from more than 20 countries attended the event. The GRC convened a Development of Geothermal Projects Workshop and Geothermal Exploration Techniques Workshop. GRC Field Trips included Los Azufres and Paricutin Volcano on Oct. 11. The Geothermal Energy Association (Washington, DC) staged its Geothermal Energy Trade Show. The Annual Meeting Opening Session was convened on Oct. 13, and included the governor of Michoacan, the Mexico Assistant Secretary of Energy, CFE Geothermal Division Director, DOE Geothermal Program Manager, and private sector representatives. The 2003 Annual Meeting attracted 160 papers for oral and poster presentations. GRC 2004. Under the theme, Geothermal - The Reliable Renewable, the GRC 2004 Annual Meeting convened on Aug. 29-Sept. 1, 2004, at the Hyatt Grand Champions Resort at Indian Wells, CA. Estimated total attendance (including Trade Show personnel, guests and accompanying persons) was ~700. The event included a workshop, Geothermal Production Well Pump Installation, Operation and Maintenance. Field trips went to Coso/Mammoth and Imperial Valley/Salton Sea geothermal fields. The event Opening Session featured speakers from the U.S. Department of Energy, U.S. Department of the Interior, and the private sector. The Geothermal Energy Association staged its Geothermal Energy Trade Show. The Geothermal Education Office staged its Geothermal Energy Workshop. Several local radio and

Classification of public lands valuable for geothermal steam and associated geothermal resources

Energy Technology Data Exchange (ETDEWEB)

Goodwin, L.H.; Haigler, L.B.; Rioux, R.L.; White, D.E.; Muffler, L.J.P.; Wayland, R.G.

1973-01-01

The Organic Act of 1879 (43 USC 31) that established the US Geological Survey provided, among other things, for the classification of the public lands and for the examination of the geological structure, mineral resources, and products of the national domain. In order to provide uniform executive action in classifying public lands, standards for determining which lands are valuable for mineral resources, for example, leasable mineral lands, or for other products are prepared by the US Geological Survey. This report presents the classification standards for determining which Federal lands are classifiable as geothermal steam and associated geothermal resources lands under the Geothermal Steam Act of 1970 (84 Stat. 1566). The concept of a geothermal resouces province is established for classification of lands for the purpose of retention in Federal ownership of rights to geothermal resources upon disposal of Federal lands. A geothermal resources province is defined as an area in which higher than normal temperatures are likely to occur with depth and in which there is a resonable possiblity of finding reservoir rocks that will yield steam or heated fluids to wells. The determination of a known geothermal resources area is made after careful evaluation of the available geologic, geochemical, and geophysical data and any evidence derived from nearby discoveries, competitive interests, and other indicia. The initial classification required by the Geothermal Steam Act of 1970 is presented.

The meaning of venture capital for financing small scale entrepreneurship

OpenAIRE

Robnik, Lidija

2015-01-01

Due to the appearance of new knowledge and managerial approaches, entrepreneurship has developed substantially and the career of the entrepreneur has become more attractive. Venture capital has become an important source for financing the growth of small enterprises. Venture capital funds are a form of financing intended for prospective dynamic companies that cannot obtain financing from banks. Venture capital takes the form of proprietary capital since it enters the company as a co-owner for...

Characteristics and drivers of venture capital investment activity in Romania

Directory of Open Access Journals (Sweden)

Mihaela DIACONU

2012-07-01

Full Text Available The present paper aims at characterising the venture capital market and identifying factors affecting the venture capital investments activity in Romania in the period 2000-2010. With a view to assessing the intensity of manifestation of various factors on the supply and demand of venture capital we use an econometric model of macroeconomic variables already tested in the literature. We consider, however, that we bring contributions to the approach, by analysing the features of the venture capital market in Romania and impact factors, our work being, at the same time, support in assessing the types of decisions to be adopted by policymakers to the formation of an authentic market and stimulating innovation. Our results indicate that the total R&D intensity is the main determinant of the venture capitals invested in this period in the two phases (for early stages and expansion. A significant incidence, mainly on the supply side, also shows the annual long term real interest rate, while the market capitalisation, the effective marginal tax rate on corporate income, the annual inflation or unemployment rate do not impact on the venture capital. Our recommendations, in terms of formation and development of the venture capital market, look as a priority, strengthening the demand for resources, respectively encouraging of enterprises to innovate, creating of conditions for the supply to be manifested in the seed and start-up stages and the compatibilization of the need for resources with prudential rules by adapting regulations for institutional investors.

Public policy for start-up entrepreneurship with venture capital and bank finance

DEFF Research Database (Denmark)

Keuschnigg, Christian; Nielsen, Søren Bo

2003-01-01

This paper proposes and analyses a model of start-up investment. Innovative entrepreneursare commercially inexperienced and can benefit from venture capital support. Only part ofthem succeed in matching with a venture capitalist while the rest must resort to standard bankfinance. We consider a nu...... a number of policies to promote entrepreneurship and venture capitalbacked innovation.JEL Classification: D82, G24, G28, H24.Keywords: venture capital bank finance, matching, moral hazard, public policy....

"Assistance to States on Geothermal Energy"

Energy Technology Data Exchange (ETDEWEB)

Linda Sikkema; Jennifer DeCesaro

2006-07-10

This final report summarizes work carried out under agreement with the U.S. Department of Energy, related to geothermal energy policy issues. This project has involved a combination of outreach and publications on geothermal energy—Contract Number DE-FG03-01SF22367—with a specific focus on educating state-level policymakers. Education of state policymakers is vitally important because state policy (in the form of incentives or regulation) is a crucial part of the success of geothermal energy. State policymakers wield a significant influence over all of these policies. They are also in need of high quality, non-biased educational resources which this project provided. This project provided outreach to legislatures, in the form of responses to information requests on geothermal energy and publications. The publications addressed: geothermal leasing, geothermal policy, constitutional and statutory authority for the development of geothermal district energy systems, and state regulation of geothermal district energy systems. These publications were distributed to legislative energy committee members, and chairs, legislative staff, legislative libraries, and other related state officials. The effect of this effort has been to provide an extensive resource of information about geothermal energy for state policymakers in a form that is useful to them. This non-partisan information has been used as state policymakers attempt to develop their own policy proposals related to geothermal energy in the states. Coordination with the National Geothermal Collaborative: NCSL worked and coordinated with the National Geothermal Collaborative (NGC) to ensure that state legislatures were represented in all aspects of the NGC's efforts. NCSL participated in NGC steering committee conference calls, attended and participated in NGC business meetings and reviewed publications for the NGC. Additionally, NCSL and WSUEP staff drafted a series of eight issue briefs published by the

Geothermal Energy Program overview

International Nuclear Information System (INIS)

1991-12-01

The mission of the Geothermal Energy Program is to develop the science and technology necessary for tapping our nation's tremendous heat energy sources contained with the Earth. Geothermal energy is a domestic energy source that can produce clean, reliable, cost- effective heat and electricity for our nation's energy needs. Geothermal energy -- the heat of the Earth -- is one of our nation's most abundant energy resources. In fact, geothermal energy represents nearly 40% of the total US energy resource base and already provides an important contribution to our nation's energy needs. Geothermal energy systems can provide clean, reliable, cost-effective energy for our nation's industries, businesses, and homes in the form of heat and electricity. The US Department of Energy's (DOE) Geothermal Energy Program sponsors research aimed at developing the science and technology necessary for utilizing this resource more fully. Geothermal energy originates from the Earth's interior. The hottest fluids and rocks at accessible depths are associated with recent volcanic activity in the western states. In some places, heat comes to the surface as natural hot water or steam, which have been used since prehistoric times for cooking and bathing. Today, wells convey the heat from deep in the Earth to electric generators, factories, farms, and homes. The competitiveness of power generation with lower quality hydrothermal fluids, geopressured brines, hot dry rock, and magma ( the four types of geothermal energy) still depends on the technical advancements sought by DOE's Geothermal Energy Program

Geothermal country update of Japan

International Nuclear Information System (INIS)

Higo, M.

1990-01-01

This paper reports on the status of geothermal energy in Japan. Topics covered include: present and planned production of electricity, present utilization of geothermal energy for direct heat, information about geothermal localities, and wells drilled for electrical utilization of geothermal resources to January 1, 1990

Competitive advantages in the first product of new ventures

NARCIS (Netherlands)

Song, L.Z.; Benedetto, Di A.C.; Song, Michael

2010-01-01

The new venture launching its first product faces substantial risks and is typically resource-poor. Moreover, failure with the first product is closely related to failure of the new venture itself, as investors seek alternate investments with better track records. While much guidance appears in the

Geothermal studies in China

Science.gov (United States)

Ji-Yang, Wang; Mo-Xiang, Chen; Ji-An, Wang; Xiao, Deng; Jun, Wang; Hsien-Chieh, Shen; Liang-Ping, Hsiung; Shu-Zhen, Yan; Zhi-Cheng, Fan; Xiu-Wen, Liu; Ge-Shan, Huang; Wen-Ren, Zhang; Hai-Hui, Shao; Rong-Yan, Zhang

1981-01-01

Geothermal studies have been conducted in China continuously since the end of the 1950's with renewed activity since 1970. Three areas of research are defined: (1) fundamental theoretical research on geothermics, including subsurface temperatures, terrestrial heat flow and geothermal modeling; (2) exploration for geothermal resources and exploitation of geothermal energy; and (3) geothermal studies in mines. Regional geothermal studies have been conducted recently in North China and more than 2000 values of subsurface temperature have been obtained. Temperatures at a depth of 300 m generally range from 20 to 25°C with geothermal gradients from 20 to 40°C/km. These values are regarded as an average for the region with anomalies related to geological factors. To date, 22 reliable heat flow data from 17 sites have been obtained in North China and the data have been categorized according to fault block tectonics. The average heat flow value at 16 sites in the north is 1.3 HFU, varying from 0.7 to 1.8 HFU. It is apparent that the North China fault block is characterized by a relatively high heat flow with wide variations in magnitude compared to the mean value for similar tectonic units in other parts of the world. It is suggested that although the North China fault block can be traced back to the Archaean, the tectonic activity has been strengthening since the Mesozoic resulting in so-called "reactivation of platform" with large-scale faulting and magmatism. Geothermal resources in China are extensive; more than 2000 hot springs have been found and there are other manifestations including geysers, hydrothermal explosions, hydrothermal steam, fumaroles, high-temperature fountains, boiling springs, pools of boiling mud, etc. In addition, there are many Meso-Cenozoic sedimentary basins with widespread aquifers containing geothermal water resources in abundance. The extensive exploration and exploitation of these geothermal resources began early in the 1970's. Since then

ACTUAL TRENDS IN THE DEVELOPMENT OF VENTURE INVESTMENT IN RUSSIA

Directory of Open Access Journals (Sweden)

K. P. Aleksandrova

2014-06-01

Full Text Available Relevance of research topic is related to the significant influence of the venture capital industry on the Russian economy. Innovative development of our country depends mainly on the effective commercialization of research and development, but the technology companies access to financial resources is a key factor in the innovation process . Venture capital plays a major role in this respect: it provides a fast and timely financial support to local entrepreneurs breakthrough ideas and enhances the competitiveness of the Russian economy as a whole. Objective - Analysis of Venture Investment in Russia , identifying issues and current trends in development. In the process, a set of methods has been applied economic and statistical analysis: methods of synthesis, comparison and analysis of economic and statistical information. In the study, it was determined that the current Russian venture market is characterized by an increase in the number of venture capital funds and private equity funds, as well as increasing their capitalization; an increasing number of companies financed, but about 90 % of all investments allocated for funding mature companies and only 10 % - for companies at the venture development stages; Central Federal District continues to firmly hold the leadership of the share of the total investment of all federal districts . Identified the following problems: lack of funding companies in the initial stages of development, infrastructure venture industry, inadequate legislation and taxation system , the problems associated with the protection and registration of intellectual property, the problem of lack of professional management, the lack of a well-functioning stock market, high-tech industries unattractive for investment.Purchase on Elibrary.ru > Buy nowDOI: http://dx.doi.org/10.12731/2070-7568-2014-3-5

Geothermics in Aquitaine

International Nuclear Information System (INIS)

Dane, J.P.

1995-01-01

The geothermal exploitation of the Aquitanian Basin (S W France) started 15 years ago and has extended today to 12 different places. Three main aquifers of different depth are exploited in Bordeaux region: the old alluvial deposits of Garonne river (20-30 m), the Middle Eocene aquifer (300-400 m), and the Cenomanian-Turonian aquifer (900-1100 m) which is the deepest and most exploited for geothermal purposes. The drinkable quality of the water and the use of single-well technique are important factors that reduce the operating costs. Geothermics remains competitive with other energy sources due to the long-term stability of geothermal energy costs. (J.S.). 2 figs., 1 tab., 5 photos

2008 Geothermal Technologies Market Report

Energy Technology Data Exchange (ETDEWEB)

Cross, J.; Freeman, J.

2009-07-01

This report describes market-wide trends for the geothermal industry throughout 2008 and the beginning of 2009. It begins with an overview of the U.S. DOE's Geothermal Technology Program's (GTP's) involvement with the geothermal industry and recent investment trends for electric generation technologies. The report next describes the current state of geothermal power generation and activity within the United States, costs associated with development, financing trends, an analysis of the levelized cost of energy (LCOE), and a look at the current policy environment. The report also highlights trends regarding direct use of geothermal energy, including geothermal heat pumps (GHPs). The final sections of the report focus on international perspectives, employment and economic benefits from geothermal energy development, and potential incentives in pending national legislation.

Development trends of the venture capital financing institution: spaciotemporal profile

Directory of Open Access Journals (Sweden)

T. I. Volkova

2010-09-01

Full Text Available The article describes the results of the research of development and performance features of the venture capital financing institution in leading countries as well as in Russia and in its regions. A number of main trends in venture financing in accordance with the level of innovation process` development abroad and in our country are emphasized, first of all by stages of support of scientific and technological developments and projects. Positive trends and contradictions in development of venture capital financing institution in Russia and its regions are revealed. Main directions of activation of venture financing process are systematized in accordance with the requirements of the Concept of long-term social-economic development of the Russian Federation till 2020 and the Strategy of social-economic development of the Sverdlovsk region until 2020.

South Dakota geothermal handbook

Energy Technology Data Exchange (ETDEWEB)

1980-06-01

The sources of geothermal fluids in South Dakota are described and some of the problems that exist in utilization and materials selection are described. Methods of heat extraction and the environmental concerns that accompany geothermal fluid development are briefly described. Governmental rules, regulations and legislation are explained. The time and steps necessary to bring about the development of the geothermal resource are explained in detail. Some of the federal incentives that encourage the use of geothermal energy are summarized. (MHR)

The Internationalization Process of International New Ventures: The Case of Skype

OpenAIRE

Chan, Cheuk-Hay

2007-01-01

Past literature has emphasized on large, long-established multinational enterprises (MNEs) in international business. However, the emerging phenomenon of international new ventures has attracted much attention due to their distinctive internationalization processes. Skype Technologies S.A. is one of these international new ventures with comparable characteristics, albeit it has shown differences compared with the typical international new ventures. This research aims to compare and contrast t...

California Geothermal Forum: A Path to Increasing Geothermal Development in California

Energy Technology Data Exchange (ETDEWEB)

Young, Katherine R. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2017-01-01

The genesis of this report was a 2016 forum in Sacramento, California, titled 'California Geothermal Forum: A Path to Increasing Geothermal Development in California.' The forum was held at the California Energy Commission's (CEC) headquarters in Sacramento, California with the primary goal being to advance the dialogues for the U.S. Department of Energy's Geothermal Technologies Office (GTO) and CEC technical research and development (R&D) focuses for future consideration. The forum convened a diverse group of stakeholders from government, industry, and research to lay out pathways for new geothermal development in California while remaining consistent with critical Federal and State conservation planning efforts, particularly at the Salton Sea.

The Perfect Storm of Business Venturing? The Case of Entomology-Based Venture Creation

NARCIS (Netherlands)

Pascucci, S.; Dentoni, D.; Mitsopoulos, D.

2015-01-01

In this paper we discuss how cooperation and trust among entrepreneurs can be challenged when they are dealing with venture creation in the context of radical innovation. Entomology-based foods are considered as one of the most promising innovation in the food sector. However they impose radical

The Importance of Venture Capital Financing System in Financing Entrepreneurship: Applications in Turkey

OpenAIRE

Erkan Poyraz; Yusuf Tepeli

2016-01-01

The prominent concept of venture capital is examined as a financing model to the financing of entrepreneurship according to related literature. Venture capital is used with success in developed countries for a long time. Venture capital is a modern financing model that allows entrepreneurs to perform dynamic, creative, and innovative investment ideas as well as management, marketing and business support without requesting financial strength from those entrepreneurs. However, venture capital h...

Geothermal development plan: Maricopa county

Energy Technology Data Exchange (ETDEWEB)

White, D.H.

1981-01-01

Maricopa county is the area of Arizona receiving top priority since it contains over half of the state's population. The county is located entirely within the Basin and Range physiographic region in which geothermal resources are known to occur. Several approaches were taken to match potential users to geothermal resources. One approach involved matching some of the largest facilities in the county to nearby geothermal resources. Other approaches involved identifying industrial processes whose heat requirements are less than the average assessed geothermal reservoir temperature of 110/sup 0/C (230/sup 0/F). Since many of the industries are located on or near geothermal resources, geothermal energy potentially could be adapted to many industrial processes.

Geothermal Today - 1999

Energy Technology Data Exchange (ETDEWEB)

None

2000-05-01

U.S. Department of Energy 1999 Geothermal Energy Program Highlights The Hot Facts Getting into Hot Water Turning Waste water into Clean Energy Producing Even Cleaner Power Drilling Faster and Cheaper Program in Review 1999: The Year in Review JanuaryCal Energy announced sale of Coso geothermal power plants at China Lake, California, to Caithness Energy, for $277 million. U.S. Export-Import Bank completed a $50 million refinancing of the Leyte Geothermal Optimization Project in the Philippines. F

Geothermal handbook

Science.gov (United States)

1976-01-01

The Bureau of Land Management offered over 400,000 hectares (one million acres) for geothermal exploration and development in 1975, and figure is expected to double this year. The Energy Research and Development Administration hopes for 10-15,000 megawatts of geothermal energy by 1985, which would require, leasing over 16.3 million hectares (37 million acres) of land, at least half of which is federal land. Since there is an 8 to 8-1/2 year time laf between initial exploration and full field development, there would have to be a ten-fold increase in the amount of federal land leased within the next three years. Seventy percent of geothermal potential, 22.3 million hectares (55 million acres), is on federal lands in the west. The implication for the Service are enormous and the problems immediate. Geothermal resource are so widespread they are found to some extent in most biomes and ecosystems in the western United States. In most cases exploitation and production of geothermal resources can be made compatible with fish and wildlife management without damage, if probable impacts are clearly understood and provided for before damage has unwittingly been allowed to occur. Planning for site suitability and concern with specific operating techniques are crucial factors. There will be opportunities for enhancement: during exploration and testing many shallow groundwater bodies may be penetrated which might be developed for wildlife use. Construction equipment and materials needed for enhancement projects will be available in areas heretofore considered remote projects will be available in areas heretofore considered remote by land managers. A comprehensive knowledge of geothermal development is necessary to avoid dangers and seize opportunities. This handbook is intended to serve as a working tool in the field. It anticipated where geothermal resource development will occur in the western United States in the near future. A set of environmental assessment procedures are

R & D joint ventures and tacit product market collusion

DEFF Research Database (Denmark)

Martin, Stephen

1996-01-01

It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal......It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal...

Human Resources in Geothermal Development

Energy Technology Data Exchange (ETDEWEB)

Fridleifsson, I.B.

1995-01-01

Some 80 countries are potentially interested in geothermal energy development, and about 50 have quantifiable geothermal utilization at present. Electricity is produced from geothermal in 21 countries (total 38 TWh/a) and direct application is recorded in 35 countries (34 TWh/a). Geothermal electricity production is equally common in industrialized and developing countries, but plays a more important role in the developing countries. Apart from China, direct use is mainly in the industrialized countries and Central and East Europe. There is a surplus of trained geothermal manpower in many industrialized countries. Most of the developing countries as well as Central and East Europe countries still lack trained manpower. The Philippines (PNOC) have demonstrated how a nation can build up a strong geothermal workforce in an exemplary way. Data from Iceland shows how the geothermal manpower needs of a country gradually change from the exploration and field development to monitoring and operations.

An evaluation of charity care for tax-exempt hospitals engaging in joint ventures.

Science.gov (United States)

Smith, Pamela C

2006-01-01

The study examines whether the level of charity care and financial stability contribute to a nonprofit hospital's motivation for partnering with a for-profit hospital through a joint venture. The Internal Revenue Service (IRS) has heightened its scrutiny of joint ventures within the health care sector. Considering recent calls to investigate the merit of the tax-exempt status of hospitals engaged in joint ventures, this research will assist policy makers in the evaluation of nonprofit hospitals. Constituents will continue to question whether joint ventures contribute to a reduced focus on charitable activities. Results indicate that the propensity to engage in a joint venture significantly increases with increased levels of charity care. Furthermore, nonprofit hospitals with lower profitability are more likely to engage in joint ventures. These results are useful to policy makers when evaluating the level of charity care provided by hospitals seeking alternative strategic alliances. Considering many critics allege hospitals are reducing the provision of charity care to the community, it is imperative for management to be conscious of the impact of joint ventures on the provision of charity care.

Geothermal energy in Denmark. The Committee for Geothermal Energy of the Danish Energy Agency

International Nuclear Information System (INIS)

1998-06-01

The Danish Energy Agency has prepared a report on the Danish geothermal resources and their contribution to the national energy potential.Environmental and socio-economic consequences of geothermal power systems implementation are reviewed. Organizational models and financing of geothermal-seismic research are discussed, and the Committee of the Energy Agency for Geothermal Energy recommends financing of a pilot plant as well as a prompt elucidation of concession/licensing problems. (EG)

Proceedings of NEDO International Geothermal Symposium

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-03-11

This is a proceedings of the NEDO International Geothermal Symposium held in Sendai in 1997. The worldwide geothermal energy power generation capacity exceeds 7000 MW. Geothermal energy is widely used also for heating, snow melting, greenhouse cultivation as well as electric power generation. Geothermal energy generates far less CO2 causing the global warming than fossil fuels. The geothermal energy is clean and renewable. Considering the environmental issue and energy supply/demand of the world, we have to exert further efforts for the geothermal development. In this conference, discussions were made on each country`s experiences of the geothermal development, and future prediction and strategies for geothermal utilization in the Asia/Pacific region, in particular. Further, in the technical session, conducted were the IEA study and technical presentation/discussion for technical cooperation. The proceedings includes research reports of more than 30, which are clarified into three fields: impacts of the geothermal development on the environment, technical development of the hot dry rock power generation system, and development of technology for collecting deep-seated geothermal resource

Finishing touch to joint venture

CERN Multimedia

2003-01-01

"A new process for polishing titanium and its alloys has been announced following an agreement between Bripol (an Anopol/Delmet joint venture) of Birmingham and the European Organisation for Nuclear Reseach (CERN) in Geneva" (1 paragraph).

The relationship between venture capital investment and macro economic variables via statistical computation method

Science.gov (United States)

Aygunes, Gunes

2017-07-01

The objective of this paper is to survey and determine the macroeconomic factors affecting the level of venture capital (VC) investments in a country. The literary depends on venture capitalists' quality and countries' venture capital investments. The aim of this paper is to give relationship between venture capital investment and macro economic variables via statistical computation method. We investigate the countries and macro economic variables. By using statistical computation method, we derive correlation between venture capital investments and macro economic variables. According to method of logistic regression model (logit regression or logit model), macro economic variables are correlated with each other in three group. Venture capitalists regard correlations as a indicator. Finally, we give correlation matrix of our results.

Deep geothermics

International Nuclear Information System (INIS)

Anon.

1995-01-01

The hot-dry-rocks located at 3-4 km of depth correspond to low permeable rocks carrying a large amount of heat. The extraction of this heat usually requires artificial hydraulic fracturing of the rock to increase its permeability before water injection. Hot-dry-rocks geothermics or deep geothermics is not today a commercial channel but only a scientific and technological research field. The Soultz-sous-Forets site (Northern Alsace, France) is characterized by a 6 degrees per meter geothermal gradient and is used as a natural laboratory for deep geothermal and geological studies in the framework of a European research program. Two boreholes have been drilled up to 3600 m of depth in the highly-fractured granite massif beneath the site. The aim is to create a deep heat exchanger using only the natural fracturing for water transfer. A consortium of german, french and italian industrial companies (Pfalzwerke, Badenwerk, EdF and Enel) has been created for a more active participation to the pilot phase. (J.S.). 1 fig., 2 photos

Joint Ventures: The Promise, Power and Performance of Partnering.

Science.gov (United States)

Francisco, Grace; Hannah, Kathryn Covier; Keller, Shelly G.; Waters, Joan; Wong, Patricia M. Y.

This document provides case studies that represent a sampling of successful public library joint ventures in California and other U.S. cities and counties. Chapter 1 defines what a partnership is and how a joint venture differs from a partnership. It also describes the benefits of partnering, the knowledge, attitude, and skills required, and how…

Geothermal energy: a brief assessment

Energy Technology Data Exchange (ETDEWEB)

Lunis, B.C.; Blackett, R.; Foley, D. (eds.)

1982-07-01

This document includes discussions about geothermal energy, its applications, and how it is found and developed. It identifies known geothermal resources located in Western's power marketing area, and covers the use of geothermal energy for both electric power generation and direct applications. Economic, institutional, environmental, and other factors are discussed, and the benefits of the geothermal energy resource are described.

The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?

OpenAIRE

Simon C. Parker; C. Mirjam van Praag

2006-01-01

We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode is associated with higher levels of schooling and wealth, whereas managerial experience, new venture start-up capital requirements and risk promote the takeover mode. Entrepreneurs whose parents run a...

Geothermal energy. A national proposal for geothermal resources research

Energy Technology Data Exchange (ETDEWEB)

Denton, J.C. (ed.)

1972-01-01

Discussions are given for each of the following topics: (1) importance to the Nation of geothermal resources, (2) budget recommendations, (3) overview of geothermal resources, (4) resource exploration, (5) resource assessment, (6) resource development and production, (7) utilization technology and economics, (8) environmental effects, (9) institutional considerations, and (10) summary of research needs.

Geothermal Program Review XII: proceedings. Geothermal Energy and the President's Climate Change Action Plan

Energy Technology Data Exchange (ETDEWEB)

1994-12-31

Geothermal Program Review XII, sponsored by the Geothermal Division of US Department of Energy, was held April 25--28, 1994, in San Francisco, California. This annual conference is designed to promote effective technology transfer by bringing together DOE-sponsored researchers; utility representatives; geothermal energy developers; suppliers of geothermal goods and services; representatives from federal, state, and local agencies; and others with an interest in geothermal energy. In-depth reviews of the latest technological advancements and research results are presented during the conference with emphasis on those topics considered to have the greatest potential to impact the near-term commercial development of geothermal energy.

THE IMPROVEMENT OF THE CONCEPT OF THE EFFICIENCY OF VENTURE BUSINESS'S ATTRACTION

Directory of Open Access Journals (Sweden)

А. Cherednik

2017-08-01

Full Text Available The concept of the efficiency of venture business’s attraction was improved in the article. The theoretical foundations of venture business’s concept were explored, four approaches to venture business’s understanding were singled out, and its own definition which fully reflects the essence was developed in the investigation. The author examines the existing approaches to the concepts of effect and efficiency and revealed that efficiency is the ratio of the effect obtained to the costs incurred to achieve it. Also, the author developed the concept of effectiveness of venture business’s attraction.

High- and middle-energy geothermics

International Nuclear Information System (INIS)

Anon.

1995-01-01

High and middle energy geothermal resources correspond to temperature intervals of 220-350 C and 90-180 C, respectively, and are both exploited for electricity production. Exploitation techniques and applications of high and of middle energy geothermics are different. High energy geothermics is encountered in active volcanic and tectonic zones, such as the circum-Pacific fire-belt, the lesser Antilles, the peri-Mediterranean Alpine chain or the African rift zone. The geothermal steam is directly expanded in a turbine protected against gas and minerals corrosion. About 350 high energy plants are distributed in more than 20 different countries and represent 6000 M We. The cost of high energy installed geothermal kWh ranges from 0.20 to 0.50 French Francs. Middle energy geothermics is encountered in sedimentary basins (between 2000 and 4000 m of depth), in localized fractured zones or at lower depth in the high energy geothermal fields. Heat exchangers with organic fluid Rankine cycle technology is used to produce electricity. Unit power of middle energy plants generally ranges from few hundreds of k W to few MW and correspond to a worldwide installed power of about 400 M We. The annual progression of geothermal installed power is estimated to 4 to 8 % in the next years and concerns principally the circum-Pacific countries. In France, geothermal resources are mainly localized in overseas departments. (J.S.). 3 photos

Product Innovation in Sustainability-Oriented New Ventures : A Process Perspective

NARCIS (Netherlands)

Keskin, D.

2015-01-01

Despite the recognition that new ventures are potential candidates of creating innovations necessary for sustainability, little is know on how they actually engage in this journey. Sustainability-oriented new ventures are confronted with high levels of uncertainty that stem from the liabilities of

Issues and Challenges on Venturing into Facebook Commerce

OpenAIRE

Caroline Sumathi; Manimekalai Jambulingam; Gobindran Raj Rajagopal

2015-01-01

The study examines the challenges encountered by small entrepreneurs when venturing into Facebook commerce. Social media has revolutionized not only our daily lives, but also the business world. This study involved 50 small entrepreneurs and adopted mixed method of quantitative and qualitative designs to collect data. The study revealed that lack of IT knowledge and set of cost significantly affected the respondents ‘decision to venture into Facebook commerce. However, many small entrepreneur...

Health impacts of geothermal energy

International Nuclear Information System (INIS)

Layton, D.W.; Anspaugh, L.R.

1982-01-01

Geothermal resources are used to produce electrical energy and to supply heat for non-electric applications like residential heating and crop drying. The utilization of geothermal energy consists of the extraction of hot water or steam from an underground reservoir followed by different methods of surface processing along with the disposal of liquid, gaseous, and even solid wastes. The focus of this paper is on electric power production using geothermal resources greater than 150 0 C because this form of geothermal energy utilization has the most serious health-related consequences. Based on measurements and experience at existing geothermal power plants, atmospheric emissions of non-condensing gases such as hydrogen sulphide and benzene pose the greatest hazards to public health. Surface and ground waters contaminated by discharges of spent geothermal fluids constitute another health hazard. In this paper it is shown that hydrogen sulphide emissions from most geothermal power plants are apt to cause odour annoyances among members of the exposed public -some of whom can detect this gas at concentrations as low as 0.002 ppmv. A risk-assessment model is used to estimate the lifetime risk of incurring leukaemia from atmospheric benzene caused by 2000 MW(e) of geothermal development in California's Imperial Valley. Also assessed is the risk of skin cancer due to the ingestion of river water in New Zealand that is contaminated by waste geothermal fluids containing arsenic. Finally, data on the occurrence of occupational disease in the geothermal industry is briefly summarized. (author)

24 CFR 943.151 - What procurement standards apply to a joint venture itself?

Science.gov (United States)

2010-04-01

... a joint venture itself? 943.151 Section 943.151 Housing and Urban Development Regulations Relating... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.151 What procurement standards apply to a...

The importance of trust for investment : Evidence from venture capital

NARCIS (Netherlands)

Bottazzi, L.; Da Rin, Marco; Hellmann, T.

We examine the effect of trust in venture capital. Our theory predicts a positive relationship of trust with investment, but a negative relationship with success. Using a hand-collected dataset of European venture capital deals, we find that the Eurobarometer measure of trust among nations

NEW VENTURE CREATION: HOW START-UPS GROW?

Directory of Open Access Journals (Sweden)

AIDIN SALAMZADEH

Full Text Available ABSTRACT Start-ups, often seen as sources of innovation and change, are prone to failure and accordingly they are attracting considerable attention not least from policy makers and Government officials. However, the various new venture creation studies that have emerged since the early 1980s lack cohesiveness, and the domain remains controversial. This article not only exposes the limitations of the existing body of understanding on the topic but attempts to develop a more comprehensive and comprehendible framework for start up (new venture creation. To do so it uses the frameworks proposed by Whetten, and March and Smith to develop 11 propositions. The resultant model suggests that the creation of a start up involves the identification of an idea or opportunity by an entrepreneur who subsequently organizes a series of activities, mobilizes resources and creates competence using his/her networks in an environment in order to create value. It sheds light on the start-up (new venture creation process and has relevance for entrepreneurs, policy makers and researchers.

Cost Accounting of Venture Company Depending on the Stage of Its Life Cycle

OpenAIRE

Olha Usatenko

2015-01-01

The purpose of the article is to identify groups of costs that are inherent in life-cycle stages of venture companies and which directly are the objects of accounting. The author distinguishes stages of the life cycle of the venture company with an indication of the degree of risk and the need for venture capital, which determine the accounting tasks required to reflect it. The model of lifecycle accounting of venture company is grounded. The conventional range of expected return on the inves...

Research status of geothermal resources in China

Science.gov (United States)

Zhang, Lincheng; Li, Guang

2017-08-01

As the representative of the new green energy, geothermal resources are characterized by large reserve, wide distribution, cleanness and environmental protection, good stability, high utilization factor and other advantages. According to the characteristics of exploitation and utilization, they can be divided into high-temperature, medium-temperature and low-temperature geothermal resources. The abundant and widely distributed geothermal resources in China have a broad prospect for development. The medium and low temperature geothermal resources are broadly distributed in the continental crustal uplift and subsidence areas inside the plate, represented by the geothermal belt on the southeast coast, while the high temperature geothermal resources concentrate on Southern Tibet-Western Sichuan-Western Yunnan Geothermal Belt and Taiwan Geothermal Belt. Currently, the geothermal resources in China are mainly used for bathing, recuperation, heating and power generation. It is a country that directly makes maximum use of geothermal energy in the world. However, China’s geothermal power generation, including installed generating capacity and power generation capacity, are far behind those of Western European countries and the USA. Studies on exploitation and development of geothermal resources are still weak.

Reinjection of geothermal water-imperative of geothermal system Geoterma - Kochani

International Nuclear Information System (INIS)

Naunov, Jordan

2007-01-01

Geothermal locality 'Podlog-Banja' - Kochani, Republic of Macedonia, represent one of the more significant aquifers of geothermal water, not only in local frames but also in world scale, especially if we have in mind the possible capacity of exploitation of 300 l, with average temperature of 75° C. Many years of exploitation was escorted with constant irreversible drop down of piezo metric level of underground waters and because of this reason, there was a necessary of installation of reinjection system of used geothermal water, especially for two factors: Keeping of balance conditions in the underground from one side and reduction of thermal pollution to the environment especially from energetic and ecological aspect. In this written effort beside the basic information for geothermal system 'Geoterma' will be present all significant phases and elements of the system for reinjection, it's exploration, implementation, construction and of course the effects from the same one. (Author)

Geothermal survey handbook

Energy Technology Data Exchange (ETDEWEB)

1974-01-01

The objective of this handbook is to publicize widely the nature of geothermal surveys. It covers geothermal survey planning and measurement as well as measurement of thermal conductivity. Methods for the detection of eruptive areas, the measurement of radiative heat using snowfall, the measurement of surface temperature using infrared radiation and the measurement of thermal flow are described. The book also contains information on physical detection of geothermal reservoirs, the measurement of spring wells, thermographic measurement of surface heat, irregular layer surveying, air thermographics and aerial photography. Isotope measurement techniques are included.

Navy Geothermal Plan

Energy Technology Data Exchange (ETDEWEB)

1984-12-01

Domestic geothermal resources with the potential for decreasing fossil fuel use and energy cost exist at a significant number of Navy facilities. The Geothermal Plan is part of the Navy Energy R and D Program that will evaluate Navy sites and provide a technical, economic, and environmental base for subsequent resource use. One purpose of the program will be to provide for the transition of R and D funded exploratory efforts into the resource development phase. Individual Navy geothermal site projects are described as well as the organizational structure and Navy decision network. 2 figs.

THE IMPORTANCE OF STATE’S ROLE IN THE HUNGARIAN VENTURE CAPITAL MARKET

Directory of Open Access Journals (Sweden)

Jenő Konecsny

2011-07-01

Full Text Available The presence of state also has an indirect and direct effect on the developement of the Hungarian venture capital market. Indirect effect is realized through the law legislation and the direct one by the operate of the different venture capital firms and funds which invest public financial sources. The main purpose of the direct intervention is to finance the under-capitalized small and medium-sized start-up companies with equity. The paper examines the Hungarian venture capital market from the aspect of state intervention. It starts with an European overview which summarizes the common and different attributes of state’s role in the venture capital market between several European countries. The paper focuses on the Hungarian situation, it describes concisely the effect and efficiency of the governmental instructions which were taken for the legislation of the venture capital market. Using the results of a previous research the paper also examines the characteristics of the direct instructions. The paper decribes briefly the main details of the publicprivate initiative called JEREMIE-program, which started on the Hungarian venture capital market in the recent past.

INTEGRATED EXPLORATION OF GEOTHERMAL RESOURCES

Directory of Open Access Journals (Sweden)

A. B. Alkhasov

2016-01-01

Full Text Available The aim. The aim is to develop the energy efficient technologies to explore hydro geothermal resources of different energy potential.Methods. Evaluation of the effectiveness of the proposed technologies has been carried out with the use of physical and mathematical, thermodynamic and optimization methods of calculation and the physical and chemical experimental research.Results. We propose the technology of integrated exploration of low-grade geothermal resources with the application of heat and water resource potential on various purposes. We also argue for the possibility of effective exploration of geothermal resources by building a binary geothermal power plant using idle oil and gas wells. We prove the prospect of geothermal steam and gas technologies enabling highly efficient use of thermal water of low energy potential (80 - 100 ° C degrees to generate electricity; the prospects of complex processing of high-temperature geothermal brine of Tarumovsky field. Thermal energy is utilized in a binary geothermal power plant in the supercritical Rankine cycle operating with a low-boiling agent. The low temperature spent brine from the geothermal power plant with is supplied to the chemical plant, where the main chemical components are extracted - lithium carbonate, magnesium burning, calcium carbonate and sodium chloride. Next, the waste water is used for various water management objectives. Electricity generated in the binary geothermal power plant is used for the extraction of chemical components.Conclusions. Implementation of the proposed technologies will facilitate the most efficient development of hydro geothermal resources of the North Caucasus region. Integrated exploration of the Tarumovsky field resources will fully meet Russian demand for lithium carbonate and sodium chloride.

There's no profiting from a joint venture misadventure.

Science.gov (United States)

Herschman, Gary W

2004-10-01

In St. David's vs. IRS, a not-for-profit health system effectively challenged the IRS's determination that the system should be disqualified from tax exemption because it had entered a 50/50 joint venture with a for-profit system. The court decisions in St. David's, coupled with a recent IRS ruling, Revenue Ruling 2004-51, provide insight into how a not-for-profit hospital can structure such a joint venture to avoid jeopardizing its tax-exempt status.

Structuring oil and gas joint ventures with aboriginal communities: conference papers conference

International Nuclear Information System (INIS)

1999-01-01

The Insight Conference featured twelve articles on the following topics: 1 - researching and understanding your legal partners; II - an aboriginal game plan - a plan for success; III - legal and management issues relating to aboriginal ventures; IV - tax status of reserve-based aboriginal people and businesses under the Indian Act; v - first nations as exempt bodies under the Income Tax Act; V I - innovative options for structuring oil and gas leases and exploration permits on aboriginal lands; VII - joint venture and partnership arrangements; V III - the impact of taxation on aboriginal ventures; I X - bankruptcy and insolvency issues for on-reserve businesses; X - financing options for oil and gas ventures with first nations; XI - Syncrude's commitment to aboriginal development; and X II - structuring oil and gas ventures with aboriginal communities. Articles abstracted/indexed separately include: I, II, V I (2), V III, X, XI, and X II

Mexican geothermal development and the future

International Nuclear Information System (INIS)

Serrano, J.M.E.V.

1998-01-01

Geothermics in Mexico started in 1954, by drilling the first geothermal well in Pathe, State of Hidalgo, which reached a depth of 237 meters. In 1959 electrical generation from geothermal origin began, with an installed capacity of 3.5 MW. From 1959 to 1994 Mexico increased its installed capacity to 753 MW, by developing three geothermal fields: Cerro Prieto, Los Azufres, and Los Humeros. Currently, 177 wells produce steam at a rate of 36 tons per hour (t/h) each. Comision Federal de Electricidad (CFE, Federal Commission of Electricity) has planned to increase the geothermal-electric installed capacity through construction and installation of several projects. Repowering of operating units and development of new geothermal zones will also allow Mexican geothermal growth

Geothermal heat can cool, too

International Nuclear Information System (INIS)

Wellstein, J.

2008-01-01

This article takes a look at how geothermal energy can not only be used to supply heating energy, but also be used to provide cooling too. The article reports on a conference on heating and cooling with geothermal energy that was held in Duebendorf, Switzerland, in March 2008. The influence of climate change on needs for heating and cooling and the need for additional knowledge and data on deeper rock layers is noted. The seasonal use of geothermal systems to provide heating in winter and cooling in summer is discussed. The planning of geothermal probe fields and their simulation is addressed. As an example, the geothermal installations under the recently renewed and extended 'Dolder Grand' luxury hotel in Zurich are quoted. The new SIA 384/6 norm on geothermal probes issued by the Swiss Association of Architects SIA is briefly reviewed.

Geothermal energy utilization in Russia

Energy Technology Data Exchange (ETDEWEB)

Svalova, V. [Institute of Environmental Geoscience, RAS, Moscow (Russian Federation)

2011-07-01

Geothermal energy use is the way to clean, sustainable energy development for the world. Russia has rich high and low temperature geothermal resources and is making progress using them - mostly with low-temperature geothermal resources and heat pumps This is optimal for many regions of Russia -in the European part, in the Urals and others. Electricity is generated by some geothermal power plants (GeoPP) only in the Kamchatka Peninsula and Kuril Islands There are two possible ways of using geothermal resources, depending on the properties of thermal waters heat/power and mineral extraction. The mineral-extraction direction is basic for geothermal waters, which contain valuable components in industrial quantities The most significant deposits of thermal waters represent the brines containing from 35 up to 400 and more g/l of salts. These are the minerals of many chemical dements. (author)

Value contributions of the venture capitalist in Mexico: building an exit for the investment

Directory of Open Access Journals (Sweden)

Enrique Wiencke

2017-10-01

Full Text Available Venture capitalists provide money and non-monetary contributions to high-growth ventures to help them become great companies. Although it is known that these contributions have an impact on the growth of the firm, little is known in Mexico of their nature, how they get into the venture, and how they contribute to the development of the company. The present article reports a proposed substantive theory that explains how the venture capitalist work hand in hand with the entrepreneur to grow the company. This substantive theory emerged from data collected through interviews to nine venture capitalists and nine entrepreneurs, and analyzed as proposed by the grounded theory methodology. The resulting substantive theory acknowledges that contributions of venture capitalists, often called value-added, are relative to building an exit for the investment.

Venture capital and risk management: evidence from initial public offerings

Directory of Open Access Journals (Sweden)

Charles E. Bamford

2012-03-01

Full Text Available In this study we analyze a sample of initial public offerings (IPOs to infer the sources of firm-specific risk associated with investment by venture capitalists. The results indicate that IPO backing by venture capitalists is associated with risk factors related to operating profit margins and ongoing sales generation, but not operational financing. The results also indicate that venture-backed IPOs are associated with greater reductions in firm-specific risk over the course of a year that includes the date of the IPO. In sum, the findings suggest venture capitalists are willing to accept higher levels of uncertainty in those instances where they have an advantage in terms of managerial skill, and are able to reduce firm-specific risk subsequent to investment in order to maximize returns when they cash out. Our study also makes use of proxies that are representative of the ex-ante nature of firm-specific risk at the time of a new issue

Accelerating Geothermal Research (Fact Sheet)

Energy Technology Data Exchange (ETDEWEB)

2014-05-01

Geothermal research at the National Renewable Energy Laboratory (NREL) is advancing geothermal technologies to increase renewable power production. Continuous and not dependent on weather, the geothermal resource has the potential to jump to more than 500 gigawatts in electricity production, which is equivalent to roughly half of the current U.S. capacity. Enhanced geothermal systems have a broad regional distribution in the United States, allowing the potential for development in many locations across the country.

2012 geothermal energy congress. Proceedings

International Nuclear Information System (INIS)

2012-01-01

Within the Geothermal Energy Congress 2012 from 13th to 16th November 2012, in Karlsruhe (Federal Republic of Germany), the following lectures were held: (1) Comparison of different methods for the design of geothermal probes on the example of the thermal utilization of smouldering fires at heaps (Sylvia Kuerten); (2) Determination of the thermo-physical features of loose rocks (Johannes Stegner); (3) Tools for the planning and operation of district heating grids (Werner Seichter); (4) geo:build - System optimisation of the cooling mode of the ground-source heat and cooling supply (Franziska Bockelmann); (5) Successful and economic conception, planning and optimization of district heating grids (Werner Seichter); (6) Treacer / Heat transfer decoupling in a heterogeneous hydrothermal reservoir characterized by geological faults in the Upper Rhine Graben (I. Ghergut); (7) Determination of the porosity, thermal conductivity and particle size distribution in selected sections of the Meisenheim-1 drilling core (Saar-Nahe basin, Rheinland-Palatinate) under consideration of geothermally relevant formulation of questions (Gillian Inderwies); (8) Innovative technologies of exploration in the Jemez Geothermal project, New Mexico, USA (Michael Albrecht); (9) Geothermal energy, heat pump and TABS - optimization of planning, operational control and control (Franziska Bockelmann); (10) The impact of large-scale geothermal probes (storage probes) on the heat transfer and heat loss (Christopher Steins); (11) Numeric modelling of the permocarbon in the northern Upper Rhine Graben (L. Dohrer); (12) Engineering measurement solutions on quality assurance in the exploitation of geothermal fields (C. Lehr); (13) Evaluation and optimization of official buildings with the near-surface geothermal energy for heating and cooling (Franziska Bockelmann); (14) On-site filtration for a rapid and cost-effective quantification of the particle loading in the thermal water stream (Johannes Birner

National Geothermal Data System: Transforming the Discovery, Access, and Analytics of Data for Geothermal Exploration

Energy Technology Data Exchange (ETDEWEB)

Patten, Kim [Arizona Geological Survey

2013-05-01

Compendium of Papers from the 38th Workshop on Geothermal Reservoir Engineering Stanford University, Stanford, California February 11-13, 2013 The National Geothermal Data System (NGDS) is a distributed, interoperable network of data collected from state geological surveys across all fifty states and the nation’s leading academic geothermal centers. The system serves as a platform for sharing consistent, reliable, geothermal-relevant technical data with users of all types, while supplying tools relevant for their work. As aggregated data supports new scientific findings, this content-rich linked data ultimately broadens the pool of knowledge available to promote discovery and development of commercial-scale geothermal energy production. Most of the up-front risks associated with geothermal development stem from exploration and characterization of subsurface resources. Wider access to distributed data will, therefore, result in lower costs for geothermal development. NGDS is on track to become fully operational by 2014 and will provide a platform for custom applications for accessing geothermal relevant data in the U.S. and abroad. It is being built on the U.S. Geoscience Information Network (USGIN) data integration framework to promote interoperability across the Earth sciences community. The basic structure of the NGDS employs state-of-the art informatics to advance geothermal knowledge. The following four papers comprising this Open-File Report are a compendium of presentations, from the 38th Annual Workshop on Geothermal Reservoir Engineering, taking place February 11-13, 2013 at Stanford University, Stanford, California. “NGDS Geothermal Data Domain: Assessment of Geothermal Community Data Needs,” outlines the efforts of a set of nationwide data providers to supply data for the NGDS. In particular, data acquisition, delivery, and methodology are discussed. The paper addresses the various types of data and metadata required and why simple links to existing

Outline of geothermal activity in Czechoslovakia

International Nuclear Information System (INIS)

Franko, O.; Bodis, D.; Dendek, M.; Remsik, A.

1990-01-01

This paper reports that in respect of different geothermal conditions in the Bohemian Massif (unfavorable) and in the West Carpathians (favorable), the development and utilization of geothermal energy are concentrated in Slovakia. THe utilization of geothermal energy for the heating of buildings in spas commenced in 1958. Thermal energy of geothermal waters was used for direct heating through heat exchangers, and in one case by a heat pump. Concentrated continuous development and utilization of geothermal energy started in 1971

Current status and trends, organizational methods accounting and analysis of innovative enterprises’ venture financing

Directory of Open Access Journals (Sweden)

S.V. Rudeychuk

2016-09-01

Full Text Available The article examines the specific features and tendencies of development of venture financing in Ukraine. It shows the role of venture capital in the further development of Ukraine economy, this role is in financing and development of innovation, distribution of new technologies and increase of employment of highly professional staff in the territory of Ukraine. The authors determine the influence of characteristics of such financing on the formation of organization and methods of accounting and economic analysis of operations with venture capital investments. The paper grounds the necessity of accounting development and analytical support of innovative enterprises’ venture financing management; the state is caused by the need to attract additional funding from venture investors to finance the production and release of innovative products and businesses. The authors determine the directions of solving problems in accounting organization and methods and economic analysis of innovative enterprises’ venture financing, respectively, for the needs of all entities doing business venture and taking into account the peculiarities of this type of investment capital.

2008 Geothermal Technologies Market Report

Energy Technology Data Exchange (ETDEWEB)

Jonathan Cross

2009-07-01

This report describes market-wide trends for the geothermal industry throughout 2008 and the beginning of 2009. It begins with an overview of the GTP’s involvement with the geothermal industry and recent investment trends for electric generation technologies. The report next describes the current state of geothermal power generation and activity within the United States, costs associated with development, financing trends, an analysis of the levelized cost of energy (LCOE), and a look at the current policy environment. The report also highlights trends regarding direct use of geothermal energy, including GHPs.† The final sections of the report focus on international perspectives, employment and economic benefits from geothermal energy development, and potential incentives in pending national legislation.

Renewability of geothermal resources

Energy Technology Data Exchange (ETDEWEB)

O' Sullivan, Michael; Yeh, Angus [Department of Engineering Science, University of Auckland, Auckland (New Zealand); Mannington, Warren [Contact Energy Limited, Taupo (New Zealand)

2010-12-15

In almost all geothermal projects worldwide, the rate of extraction of heat energy exceeds the pre-exploitation rate of heat flow from depth. For example, current production of geothermal heat from the Wairakei-Tauhara system exceeds the natural recharge of heat by a factor of 4.75. Thus, the current rate of heat extraction from Wairakei-Tauhara is not sustainable on a continuous basis, and the same statement applies to most other geothermal projects. Nevertheless, geothermal energy resources are renewable in the long-term because they would fully recover to their pre-exploitation state after an extended shut-down period. The present paper considers the general issue of the renewability of geothermal resources and uses computer modeling to investigate the renewability of the Wairakei-Tauhara system. In particular, modeling is used to simulate the recovery of Wairakei-Tauhara after it is shut down in 2053 after a hundred years of production. (author)

Geothermal electricity generation

International Nuclear Information System (INIS)

Eliasson, E.T.

1991-01-01

Geothermal conversion, as discussed here, is the conversion of the heat bound within the topmost three kilometres of the upper crust of the earth into useful energy, principally electricity. The characteristics of a geothermal reservoir and its individual technical features are highly site-specific. Applications therefore must be designed to match the specific geothermal reservoir. An estimate of the electric energy potential world-wide made by the Electric Power Research Institute (United States) in 1978 and based on sustaining a continuous 30-year operation is given in the box at the right for comparison purposes only. 8 refs, 5 figs

A case study of radial jetting technology for enhancing geothermal energy systems at Klaipeda geothermal demonstration plant

NARCIS (Netherlands)

Nair, R.; Peters, E.; Sliaupa, S.; Valickas, R.; Petrauskas, S.

2017-01-01

In 1996 a geothermal energy project was initiated at Klaipėda, Lithuania, to demonstrate the feasibility of using low enthalpy geothermal water as a renewable energy resource in district heating systems. The Klaipėda geothermal plant is situated within the West Lithuanian geothermal anomaly with a

The Emergence of an International New Software Venture from an Emerging Economy

DEFF Research Database (Denmark)

Turcan, Romeo V.; Fraser, Norman

2012-01-01

This study is positioned at the intersection of legitimation and international entrepreneurship theories. It is a longitudinal ethnographic case study that explores the process of emergence of an international new software venture from an emerging economy and the effect this venture has on the pr......This study is positioned at the intersection of legitimation and international entrepreneurship theories. It is a longitudinal ethnographic case study that explores the process of emergence of an international new software venture from an emerging economy and the effect this venture has...... invoking familiar cues and scripts, promote and defend incentives and operating mechanisms in political negotiations, and overcome the country-of-origin effect by pursuing a technology legitimation strategy....

Empirical Analysis of Hungarian Firms According to Venture Capital Investment Criteria

Directory of Open Access Journals (Sweden)

Futó Judit Edit

2016-06-01

Full Text Available Over the past decade the venture capital industry has become more and more prominent, not just on a global level, but in Hungary, too. Thanks to the JEREMIE Program a large number of new venture capital firms are located in our country, and therefore an investment wave has started. The aim of the paper is to sort micro- and small sized enterprises in terms of how appropriate is a venture capital financing. The main topic of the paper relates to the selection of firms for venture capital investment; therefore, in the first part of the study we briefly summarize a general venture capital investment process, highlighting both the selection process and the criteria used for selection. Then we propose 3 indexes (trustworthiness index, openness index, investment index, which we have created to help venture capitalists to decide whether the targeted enterprises are appropriate for them, or not. In the main part of the paper we provide a classification of micro- and small sized Hungarian firms based on my own survey, and we analyze what kind of relationship exists between the proposed indexes and the type of the classified firms. The result of the classification is that we identify four main firm types and, based on statistical tests, it can be said that there is no significant relationship between the trustworthiness index and the clusters, but that there are between the two other indexes and the clusters.

Russian joint ventures, upstream deals hit fast clip

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Russia is stepping up the pace of joint ventures and imports of petroleum technology and hardware. Among the latest action: Polar Lights, a 50-50 venture of Conoco Timan-Pechora Ltd. and Arkhangelskgeologia (AAG), started drilling in the first new-field oil-development project in Russia to include a US partner; The governments of Oman and the Kazakhstan republic signed an agreement covering oil and gas exploration, field development, and production in Kazakhstan; Phibro Energy Inc., Greenwich, Conn., last week reported the sale and delivery of the first full cargo of Russian crude oil produced and exported by a Russian-American joint venture; Era Aviation Inc., Anchorage, Alas., is sending two helicopters with crewmen to Russia to help assess the feasibility of oil and gas development off Sakhalin Island; In deals involving Canadian companies, SNC-Lavalin Inc., Montreal, received a contract for initial work on a $350 million (US) modernization of the Volvograd refinery in southern Russia

Policy for geothermal energy development

Energy Technology Data Exchange (ETDEWEB)

Kiuchi, S [Public Utilities Bureau, Ministry of International Trade and Industry, Japan

1973-01-01

Government actions related to Japanese geothermal energy development in the past include: a mining and industrial research subsidy of 27 million yen granted to Kyushu Electric Power Co. in 1952, a mining and industrial research subsidy of 13 million yen granted to Japan Metals and Chemicals Co. in 1960, a study on steam production technology for geothermal power generation by Japan Metals and Chemicals Co. funded at 3.5 hundred million yen from the Research Development Corporation of Japan, and a study on steam production technology for large scale geothermal power generation by Japan Metals and Chemicals Co. funded at 7.6 hundred million yen by the Research Development Corporation of Japan. The following projects are planned by the Ministry of International Trade and Industry for 1973: a two-year geothermal power promotion including investigations into the utilization of hot water, new methods for geothermal reservoir detection and steam well drilling, and environmental effects, studies on hydrothermal systems, basic investigations for geothermal indicators in 30 areas, and a means to finance the construction of geothermal power plants in Kakkonda (Iwate Prefecture) and Hatchobara (Oita Prefecture).

Boron isotopes in geothermal systems

International Nuclear Information System (INIS)

Aggarwal, J.

1997-01-01

Boron is a highly mobile element and during water-rock reactions, boron is leached out of rocks with no apparent fractionation. In geothermal systems where the water recharging the systems are meteoric in origin, the B isotope ratio of the geothermal fluid reflects the B isotope ratio of the rocks. Seawater has a distinctive B isotope ratio and where seawater recharges the geothermal system, the B isotope ratio of the geothermal system reflects the mixing of rock derived B and seawater derived B. Any deviations of the actual B isotope ratio of a mixture reflects subtle differences in the water-rock ratios in the cold downwelling limb of the hydrothermal system. This paper will present data from a variety of different geothermal systems, including New Zealand; Iceland; Yellowston, USA; Ibusuki, Japan to show the range in B isotope ratios in active geothermal systems. Some of these systems show well defined mixing trends between seawater and the host rocks, whilst others show the boron isotope ratios of the host rock only. In geothermal systems containing high amounts of CO 2 boron isotope ratios from a volatile B source can also be inferred. (auth)

Potential of geothermal systems in Picardy

OpenAIRE

Dourlat, Estelle

2017-01-01

Geothermal systems are not only about electrical plants or urban heating networks, but also concerned with geothermal energy assisted with a heat pump. In the former region of Picardy (North of France), 97% of the territory is suitable for very low temperature geothermal power. The French Agency for the Environment and Energy Management and the Picardy Region decided in 2016 to finance a facilitator to encourage geothermal use. To carry out this aim, it is important to consider the geothermal...

Direct application of geothermal energy

Energy Technology Data Exchange (ETDEWEB)

Reistad, G.M.

1980-01-01

An overall treatment of direct geothermal applications is presented with an emphasis on the above-ground engineering. The types of geothermal resources and their general extent in the US are described. The potential market that may be served with geothermal energy is considered briefly. The evaluation considerations, special design aspects, and application approaches for geothermal energy use in each of the applications are considered. The present applications in the US are summarized and a bibliography of recent studies and applications is provided. (MHR)

Relation between 1m depth temperature and average geothermal gradient at 75cm depth in geothermal fields

OpenAIRE

江原, 幸雄

2009-01-01

Shallow ground temperatures such as 1m depth temperature have been measured to delineate thermal anomalies of geothermal fields and also to estimate heat discharge rates from geothermal fields. As a result, a close linear relation between 1m depth temperature and average geothermal gradient at 75cm depth has been recognized in many geothermal fields and was used to estimate conductive heat discharge rates. However, such a linear relation may show that the shallow thermal regime in geothermal ...

Geothermal Program Review XVII: proceedings. Building on 25 years of Geothermal Partnership with Industry

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-10-01

The US Department of Energy's Office (DOE) of Geothermal Technologies conducted its annual Program Review XVII in Berkeley, California, on May 18--20, 1999. The theme this year was "Building on 25 Years of Geothermal Partnership with Industry". In 1974, Congress enacted Public Law 93-410 which sanctioned the Geothermal Energy Coordination and Management Project, the Federal Government's initial partnering with the US geothermal industry. The annual program review provides a forum to foster this federal partnership with the US geothermal industry through the presentation of DOE-funded research papers from leaders in the field, speakers who are prominent in the industry, topical panel discussions and workshops, planning sessions, and the opportunity to exchange ideas. Speakers and researchers from both industry and DOE presented an annual update on research in progress, discussed changes in the environment and deregulated energy market, and exchanged ideas to refine the DOE Strategic Plan for research and development of geothermal resources in the new century. A panel discussion on Climate Change and environmental issues and regulations provided insight into the opportunities and challenges that geothermal project developers encounter. This year, a pilot peer review process was integrated with the program review. A team of geothermal industry experts were asked to evaluate the research in progress that was presented. The evaluation was based on the Government Performance and Results Act (GPRA) criteria and the goals and objectives of the Geothermal Program as set forth in the Strategic Plan. Despite the short timeframe and cursory guidance provided to both the principle investigators and the peer reviewers, the pilot process was successful. Based on post review comments by both presenters and reviewers, the process will be refined for next year's program review.

Geothermal Financing Workbook

Energy Technology Data Exchange (ETDEWEB)

Battocletti, E.C.

1998-02-01

This report was prepared to help small firm search for financing for geothermal energy projects. There are various financial and economics formulas. Costs of some small overseas geothermal power projects are shown. There is much discussion of possible sources of financing, especially for overseas projects. (DJE-2005)

GROWTH AND VENTURE CAPITAL INVESTMENT IN TECHNOLOGY-BASED SMALL FIRMS THE CASE OF HUNGARY

Directory of Open Access Journals (Sweden)

Becsky Nagy Patricia

2014-07-01

Full Text Available Venture capital backed enterprises represent a low proportion of companies, even of innovative ones. The research question was, whether these companies have an important role in innovation and economic growth in Hungary compared to other countries. In the first part of the article I present the theoretical background of technology-based small firms, highlighting the most important models and theories of the economic impact and the special development of innovative technology-oriented small firms. In the second part of the article I present the status of the most important indicators of innovation in connection with entrepreneurship, than I elaborate on the measures of start-ups, mainly the high-tech ones with high-growth potential. I describe the current position of venture capital industry, detailing the venture capital investments, with particular emphasis on classical venture capital investments that points out the number and the amount of venture capital investments financing early stage firms with high-growth potential. At the end I summarize the status of Hungarian technology-based small firms and their possibilities to get financial sources form venture capital investors, with regards to the status and the prospects of the JEREMIE program. In Hungary the number of internationally competitive firms, ready and willing to obtain venture capital, is much lower than in the US or Western European countries. Hungary could take advantage of its competitive edges in some special fields of innovation. The efficiency of information flow would reduce the information gap between the demand and the supply side of the venture capital market and more Hungarian firms could be internationally successful through venture capital financing. The recent years’ policy and special programs like JEREMIE generated more transactions, that helped to inform the entrepreneurs about venture capital and helped to co-invest public resources with private equity more

Perestroika, Soviet oil, and joint ventures

International Nuclear Information System (INIS)

Churkin, M. Jr.

1991-01-01

Glaznost, the freedom of expression in both the public and private sectors of the Soviet Union, has rapidly transformed the country form a largely isolated and closed society to one that is rapidly becoming more cosmopolitan and open to the West. Now that the Soviet Union is moving toward a free-market economy, a number of new laws are being generated to create a favorable environment for Western investment, especially joint ventures. First, crude oil sales have provided over 75% of much-needed hard currency, and oil has been the principal barter for manufactured goods produced in eastern Europe. Second, joint oil ventures with Western companies can reverse declining production levels and provide sufficient stimulus to turn around the economic recession. The Soviet Union has a very large inventory of discovered but undeveloped oil and gas fields. Most of these fields are difficult for the Soviets to produce technically, financially, and environmentally safely, and they are actively seeking appropriate Western partners. From an exploration point of view, the Soviet Union has probably the largest number of undrilled and highly prospective oil basins, which may replenish declining reserves in the West. Finally, the Soviet Union represents in the long term a large unsaturated market eager to absorb the surplus of goods and services in the Western world. Again, joint oil ventures could provide the convertible currency to increase East-West trade

Nascent ventures competing for start-up capital: matching reputations and investors

NARCIS (Netherlands)

Ebbers, J.J.; Wijnberg, N.M.

2012-01-01

Although nascent ventures have not yet developed a performance-based reputation, the individual reputations of their founders, based on the performance of their earlier ventures, can function as important signals to investors. Selection system theory distinguishes between different types of

Status of geothermal energy in Ethiopia

International Nuclear Information System (INIS)

Endeshaw, A.; Belaineh, M.

1990-01-01

This paper reports that there are several identified geothermal localities in Ethiopia. Ten geothermal localities have been studied with regional assessments, while three localities have had pre-feasibility studies. In one area, the Aluto-Langano geothermal field, the feasibility studies have been completed. However, the geothermal resources have not been utilized yet except in the traditional baths

JOINT VENTURE UM ARCABOUÇO TEÓRICO SOBRE A ESTRATÉGIA ENTRE EMPRESAS

Directory of Open Access Journals (Sweden)

Kelen Renata Knopp Barroca Souza

2015-03-01

Full Text Available The joint venture talk about union of two or more business with common goals forming another independent business with a different team for take care about your own concern, that may partner member's capital or not. The present work had as goal: analyse the reasons that are influencing many business to choose joint venture, your importance for them, and the obtained results. the methodology used was the multicases study of business that adopt join ventures from analysis of documents, files, and administrative publications, and also having secondary sources as bibliographic researches consulting articles and books about the history of the subject, adopting the deductive method for the conclusion of joint venture project. We conclude that joint ventures can be advantageous for business, decreasing risks, increasing profits , making business involved in the alliance earn more space on market.

Uncertainty analysis of geothermal energy economics

Science.gov (United States)

Sener, Adil Caner

This dissertation research endeavors to explore geothermal energy economics by assessing and quantifying the uncertainties associated with the nature of geothermal energy and energy investments overall. The study introduces a stochastic geothermal cost model and a valuation approach for different geothermal power plant development scenarios. The Monte Carlo simulation technique is employed to obtain probability distributions of geothermal energy development costs and project net present values. In the study a stochastic cost model with incorporated dependence structure is defined and compared with the model where random variables are modeled as independent inputs. One of the goals of the study is to attempt to shed light on the long-standing modeling problem of dependence modeling between random input variables. The dependence between random input variables will be modeled by employing the method of copulas. The study focuses on four main types of geothermal power generation technologies and introduces a stochastic levelized cost model for each technology. Moreover, we also compare the levelized costs of natural gas combined cycle and coal-fired power plants with geothermal power plants. The input data used in the model relies on the cost data recently reported by government agencies and non-profit organizations, such as the Department of Energy, National Laboratories, California Energy Commission and Geothermal Energy Association. The second part of the study introduces the stochastic discounted cash flow valuation model for the geothermal technologies analyzed in the first phase. In this phase of the study, the Integrated Planning Model (IPM) software was used to forecast the revenue streams of geothermal assets under different price and regulation scenarios. These results are then combined to create a stochastic revenue forecast of the power plants. The uncertainties in gas prices and environmental regulations will be modeled and their potential impacts will be

Geothermal progress monitor report No. 6

Energy Technology Data Exchange (ETDEWEB)

1982-06-01

Geothermal Progress Monitor Report No. 6 presents a state-by-state summary of the status of geothermal leasing, exploration, and development in major physiographic regions where geothermal resource potential has been identified. Recent state-specific activities are reported at the end of each state status report, while recent activities of a more general nature are summarized briefly in Part II of the report. A list of recent publications of potential interest to the geothermal community and a directory of contributors to the geothermal progress monitoring system are also included.

Geothermal low-temperature reservoir assessment program: A new DOE geothermal initiative

International Nuclear Information System (INIS)

Wright, P.M.; Lienau, P.J.; Mink, L.L.

1992-01-01

In Fiscal Year 1991, Congress appropriated money for the Department of Energy to begin a new program in the evaluation and use of low- and moderate-temperature geothermal resources. The objective of this program is to promote accelerated development of these resources to offset fossil-fuel use and help improve the environment. The program will consist of several components, including: (1) compilation of all available information on resource location and characteristics, with emphasis on resources located within 5 miles of population centers; (2) development and testing of techniques to discover and evaluate low- and moderate-temperature geothermal resources; (3) technical assistance to potential developers of low- and moderate-temperature geothermal resources; and (4) evaluation of the use of geothermal heat pumps in domestic and commercial applications. Program participants will include the Geo-Heat Center at the Oregon Institute of Technology, the University of Utah Research Institute, the Idaho Water Resources Research Institute and agencies of state governments in most of the western states

Management Approach for Earth Venture Instrument

Science.gov (United States)

Hope, Diane L.; Dutta, Sanghamitra

2013-01-01

The Earth Venture Instrument (EVI) element of the Earth Venture Program calls for developing instruments for participation on a NASA-arranged spaceflight mission of opportunity to conduct innovative, integrated, hypothesis or scientific question-driven approaches to pressing Earth system science issues. This paper discusses the EVI element and the management approach being used to manage both an instrument development activity as well as the host accommodations activity. In particular the focus will be on the approach being used for the first EVI (EVI-1) selected instrument, Tropospheric Emissions: Monitoring of Pollution (TEMPO), which will be hosted on a commercial GEO satellite and some of the challenges encountered to date and corresponding mitigations that are associated with the management structure for the TEMPO Mission and the architecture of EVI.

REGIONAL VENTURE FUND OF THE URAL FEDERAL DISTRICT: CREATION AND STRATEGY OF DEVELOPMENT

Directory of Open Access Journals (Sweden)

N.A. Victorov

2007-03-01

Full Text Available The article describes both types of Russian venture funds and forms of the state participation in venture investment. Besides, the article mentions the scheme of regional venture fund creation in Ural district, principles of its participants` interaction and some management issues. Moreover, we can see here the fund's development which includes market, technological, integration and investment components.

24 CFR 943.148 - What procurement standards apply to PHAs selecting partners for a joint venture?

Science.gov (United States)

2010-04-01

... PHAs selecting partners for a joint venture? 943.148 Section 943.148 Housing and Urban Development... VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.148 What procurement standards apply to PHAs selecting partners for a joint venture? (a) The requirements of part 85 of this title are...

24 CFR 943.150 - What procurement standards apply to a PHA's joint venture partner?

Science.gov (United States)

2010-04-01

... a PHA's joint venture partner? 943.150 Section 943.150 Housing and Urban Development Regulations... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.150 What procurement standards apply to a PHA...

Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

OpenAIRE

Paul Gompers; Anna Kovner; Josh Lerner; David Scharfstein

2006-01-01

This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more experienced venture capital firms enhances the chance of success, but only for entrepreneurs without a successful track record. Similarly, more experienced venture capitalists are able to identify and invest ...

Endovascular repair of aortic disease: a venture capital perspective.

Science.gov (United States)

Buchanan, Lucas W; Stavropoulos, S William; Resnick, Joshua B; Solomon, Jeffrey

2009-03-01

Endovascular devices for the treatment of abdominal and thoracic aortic disease are poised to become the next $1 billion medical device market. A shift from open repair to endovascular repair, advances in technology, screening initiatives, and new indications are driving this growth. Although billion-dollar medical device markets are rare, this field is fraught with risk and uncertainty for startups and their venture capital investors. Technological hurdles, daunting clinical and regulatory timelines, market adoption issues, and entrenched competitors pose significant barriers to successful new venture creation. In fact, the number of aortic endografts that have failed to reach commercialization or have been pulled from the market exceeds the number of Food and Drug Administration-approved endografts in the United States. This article will shed some light on the venture capital mind-set and decision-making paradigm in the context of aortic disease.

Environmental Assessment Lakeview Geothermal Project

Energy Technology Data Exchange (ETDEWEB)

Treis, Tania [Southern Oregon Economic Development Department, Medford, OR (United States)

2012-04-30

The Town of Lakeview is proposing to construct and operate a geothermal direct use district heating system in Lakeview, Oregon. The proposed project would be in Lake County, Oregon, within the Lakeview Known Geothermal Resources Area (KGRA). The proposed project includes the following elements: Drilling, testing, and completion of a new production well and geothermal water injection well; construction and operation of a geothermal production fluid pipeline from the well pad to various Town buildings (i.e., local schools, hospital, and Lake County Industrial Park) and back to a geothermal water injection well. This EA describes the proposed project, the alternatives considered, and presents the environmental analysis pursuant to the National Environmental Policy Act. The project would not result in adverse effects to the environment with the implementation of environmental protection measures.

The value captor's process: getting the most out of your new business ventures.

Science.gov (United States)

McGrath, Rita Gunther; Keil, Thomas

2007-05-01

The high failure rate among new business ventures is usually chalked up to the fundamental uncertainty of the process. In actuality, say McGrath and Keil, flawed ways of assessing and managing ventures may account for the disappointing amount of value they generate. Instead of taking the go/no-go approach, whereby a project either advances toward launch or is killed, decision makers should consider a range of alternatives: recycling the venture by aiming it at a new target market; spinning it off to other owners or a joint venture; spinning it in to an established business unit; or salvaging useful elements such as technologies, capabilities, knowledge, and patents. Firms that excel in value extraction--the "value captors" whose practices and mind-set this article explores--have created formal processes to systematically mine successes, failures, and everything in between. They know that a venture should be treated like a scientific experiment, in which learning plays a critical role. They are ready to seize new opportunities if a venture falters on its original course. They foster networks to promote cooperation and collaboration between established business leaders and venture teams and involve people from throughout the company in the venture review process. They don't allow financial criteria to dominate the reviews, and they recognize that the best people to launch a business may not be the ones who developed the idea. If your innovation pipeline is dry, your promising projects are being strangled for lack of a speedy payback, or someone else has made a fabulous business out of a slightly altered idea that you abandoned, consider the value captor's path.

JOINT VENTURE: STRATEGY TO OBTAINTHE MANAGERIAL COMPETITIVENESS IN PERU

OpenAIRE

Maguiña F., Raúl

2014-01-01

This article proposes a managerial competitiveness strategy using the Joint- Venture enterprise, rising out of alliances linking business units, by analizing its making-up process through legal and clear compromise requirements, framed within the peruvian law, and with the purpose of getting feasibility of various investment projects, in any production sector in our country. El artículo propone una estrategia de competitividad empresarial utilizando el joint venture, a partir de alianzas q...

Geothermal Program Review XIV: proceedings. Keeping Geothermal Energy Competitive in Foreign and Domestic Markets

Energy Technology Data Exchange (ETDEWEB)

NONE

1996-01-01

The U.S. Department of Energy`s Office of Geothermal Technologies conducted its annual Program Review XIV in Berkeley, April 8-10, 1996. The geothermal community came together for an in-depth review of the federally-sponsored geothermal research and development program. This year`s theme focused on ``Keeping Geothermal Energy Competitive in Foreign and Domestic Markets.`` This annual conference is designed to promote technology transfer by bringing together DOE-sponsored researchers; utility representatives; geothermal developers; equipment and service suppliers; representatives from local, state, and federal agencies; and others with an interest in geothermal energy. Program Review XIV consisted of eight sessions chaired by industry representatives. Introductory and overview remarks were presented during every session followed by detailed reports on specific DOE-funded research projects. The progress of R&D projects over the past year and plans for future activities were discussed. The government-industry partnership continues to strengthen -- its success, achievements over the past twenty years, and its future direction were highlighted throughout the conference. The comments received from the conference evaluation forms are published in this year`s proceedings. Individual papers have been processed for inclusion in the Energy Science and Technology Database.

Federal Geothermal Research Program Update Fiscal Year 2004

Energy Technology Data Exchange (ETDEWEB)

2005-03-01

The Department of Energy (DOE) and its predecessors have conducted research and development (R&D) in geothermal energy since 1971. The Geothermal Technologies Program (GTP) works in partnership with industry to establish geothermal energy as an economically competitive contributor to the U.S. energy supply. Geothermal energy production, a $1.5 billion a year industry, generates electricity or provides heat for direct use applications. The technologies developed by the Geothermal Technologies Program will provide the Nation with new sources of electricity that are highly reliable and cost competitive and do not add to America's air pollution or the emission of greenhouse gases. Geothermal electricity generation is not subject to fuel price volatility and supply disruptions from changes in global energy markets. Geothermal energy systems use a domestic and renewable source of energy. The Geothermal Technologies Program develops innovative technologies to find, access, and use the Nation's geothermal resources. These efforts include emphasis on Enhanced Geothermal Systems (EGS) with continued R&D on geophysical and geochemical exploration technologies, improved drilling systems, and more efficient heat exchangers and condensers. The Geothermal Technologies Program is balanced between short-term goals of greater interest to industry, and long-term goals of importance to national energy interests. The program's research and development activities are expected to increase the number of new domestic geothermal fields, increase the success rate of geothermal well drilling, and reduce the costs of constructing and operating geothermal power plants. These improvements will increase the quantity of economically viable geothermal resources, leading in turn to an increased number of geothermal power facilities serving more energy demand. These new geothermal projects will take advantage of geothermal resources in locations where development is not currently

Federal Geothermal Research Program Update - Fiscal Year 2004

Energy Technology Data Exchange (ETDEWEB)

Patrick Laney

2005-03-01

The Department of Energy (DOE) and its predecessors have conducted research and development (R&D) in geothermal energy since 1971. The Geothermal Technologies Program (GTP) works in partnership with industry to establish geothermal energy as an economically competitive contributor to the U.S. energy supply. Geothermal energy production, a $1.5 billion a year industry, generates electricity or provides heat for direct use applications. The technologies developed by the Geothermal Technologies Program will provide the Nation with new sources of electricity that are highly reliable and cost competitive and do not add to America's air pollution or the emission of greenhouse gases. Geothermal electricity generation is not subject to fuel price volatility and supply disruptions from changes in global energy markets. Geothermal energy systems use a domestic and renewable source of energy. The Geothermal Technologies Program develops innovative technologies to find, access, and use the Nation's geothermal resources. These efforts include emphasis on Enhanced Geothermal Systems (EGS) with continued R&D on geophysical and geochemical exploration technologies, improved drilling systems, and more efficient heat exchangers and condensers. The Geothermal Technologies Program is balanced between short-term goals of greater interest to industry, and long-term goals of importance to national energy interests. The program's research and development activities are expected to increase the number of new domestic geothermal fields, increase the success rate of geothermal well drilling, and reduce the costs of constructing and operating geothermal power plants. These improvements will increase the quantity of economically viable geothermal resources, leading in turn to an increased number of geothermal power facilities serving more energy demand. These new geothermal projects will take advantage of geothermal resources in locations where development is not currently possible or

Health care joint ventures between tax-exempt organizations and for-profit entities.

Science.gov (United States)

Sanders, Michael I

2005-01-01

Health care exempt organizations have many options regarding their structure and affiliations with for-profit entities. As long as any joint ventures are carefully structured and the nonprofit retains control over the exempt health care activities, the Internal Revenue Service should not question the structure. However, as outlined above, if the for-profit entity effectively gains control over the activities of the venture, the structure is not likely to be upheld by the IRS or the courts, and either the exempt status of the nonprofit will be denied or revoked, or health care income will be subject to the unrelated business income tax. In summary, the health care industry has been severely impacted by many economic forces, including uncertainty in the area of joint ventures between nonprofits and for-profit health care systems. The uncertainty as to whether the joint venture would negatively impact the nonprofit's tax-exempt status undoubtedly caused many nonprofits to form for-profit subsidiaries and otherwise expanded operations in a for-profit marketplace. Fortunately, with the guidance that is currently available in the form of Revenue Ruling 98-15, Redlands, St. David's, and now Revenue Ruling 2004-51, health care institutions can move forward with properly structured joint ventures with greater confidence that the joint venture will not endanger the tax-exempt status of the nonprofit.

Imperial County geothermal development annual meeting: summary

Energy Technology Data Exchange (ETDEWEB)

1983-01-01

All phases of current geothermal development in Imperial County are discussed and future plans for development are reviewed. Topics covered include: Heber status update, Heber binary project, direct geothermal use for high-fructose corn sweetener production, update on county planning activities, Brawley and Salton Sea facility status, status of Imperial County projects, status of South Brawley Prospect 1983, Niland geothermal energy program, recent and pending changes in federal procedures/organizations, plant indicators of geothermal fluid on East Mesa, state lands activities in Imperial County, environmental interests in Imperial County, offshore exploration, strategic metals in geothermal fluids rebuilding of East Mesa Power Plant, direct use geothermal potential for Calipatria industrial Park, the Audubon Society case, status report of the Cerro Prieto geothermal field, East Brawley Prospect, and precision gravity survey at Heber and Cerro Prieto geothermal fields. (MHR)

Geothermal development plan: Maricopa County

Energy Technology Data Exchange (ETDEWEB)

White, D.H.; Goldstone, L.A.

1982-08-01

The Maricopa County Geothermal Development Plan evaluated the market potential for utilizing geothermal energy. The study identified six potential geothermal resource areas with temperatures less than 100{sup 0}C (212{sup 0}F) and in addition, four suspected intermediate temperature areas (90{sup 0} to 150{sup 0}C, 194{sup 0} to 300{sup 0}F). Geothermal resources are found to occur in and near the Phoenix metropolitan area where average population growth rates of two to three percent per year are expected over the next 40 years. Rapid growth in the manufacturing, trade and service sectors of the regional economy provides opportunities for the direct utilization of geothermal energy. A regional energy use analysis is included containing energy use and price projections. Water supplies are found to be adequate to support this growth, though agricultural water use is expected to diminish. The study also contains a detailed section matching geothermal resources to potential users. Two comparative analyses providing economic details for space heating projects are incorporated.

The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs

OpenAIRE

Zhang, Junfu

2007-01-01

Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social connections than novice entrepreneurs. Such skills and social connections could give experienced founders some advantage in the process of raising venture capital. This paper uses a large database of venture-backed companies and their founders to examine experienced founders' access to venture capital. Compared to novice entrepreneurs, entrepreneurs with venture-backed founding expe...

Geothermal energy abstract sets. Special report No. 14

Energy Technology Data Exchange (ETDEWEB)

Stone, C. (comp.)

1985-01-01

This bibliography contains annotated citations in the following areas: (1) case histories; (2) drilling; (3) reservoir engineering; (4) injection; (5) geothermal well logging; (6) environmental considerations in geothermal development; (7) geothermal well production; (8) geothermal materials; (9) electric power production; (10) direct utilization of geothermal energy; (11) economics of geothermal energy; and (12) legal, regulatory and institutional aspects. (ACR)

Fiscal 2000 achievement report on the analysis of factors contributing to the development of venture firms in the U.S. and Europe in the domain of energy technology, and survey of the actualities of venture firms in the Asian region (China) and the feasibility of their coordination with Japan; 2000 nendo energy gijutsu bun'ya ni okeru venture kigyo no hatten yoin bunseki oyobi Asia chiiki (Chugoku) ni okeru venture kigyo no jittai to Nippon tono renkei no kanosei ni kansuru chosa

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-03-01

In search of measures to take for raising, developing and integrating venture firms, studies are made about the process and factors of growth after the corporatization of venture firms in the U.S. and Europe, and then about the mechanism of industrial integration in newly-arising high technology- and novel industry-intensive areas and the actualities of strategic clustering. In China, studies are made about feasibility of coordination with Japan. Activities are conducted in the four domains of (1) the analysis of development and growth factors after launching a venture firm in the U.S., (2) analysis of factors contributing to the development of industrial integration in newly-arising high-technology areas, (3) actualities of assistance to ventures in Europe, and (4) the survey of venture trends in China. In domain (4), venture firm creating, raising, and assisting conditions are studied. Also studied are the actual state of venture firm creating, raising, and assisting, and some cases of venture firm creation and raising. (NEDO)

Non-electrical uses of geothermal energy

Energy Technology Data Exchange (ETDEWEB)

Barber E.; Fanelli, M.

1977-01-01

A comprehensive review covers the recognition of natural hot fluids in ancient times and their use for therapeutic baths; the first production of electricity from geothermal steam at Larderello, Italy, in 1904; the widespread geographical occurrence of geothermal fluids; exploration techniques; the extraction of geothermal fluids and their uses in spas, agriculture, aquaculture, domestic heating, and industrial applications; geothermal greenhouse heating world-wide; geothermal heating of animal and poultry houses, in culture of alligators and crocodiles (in Atagawa, Japan), and in fish culture; piping arrangements for district heating, and a tabulation of district heating installations world-wide; downhole exchanger systems used in Klamath Falls, Oregon, for domestic heating; industrial heating applications; and methods of disposal of geothermal fluids. Maps, diagrams, graphs, photographs, tables, and 48 references are included.

The entrepreneur's mode of entry: business takeover or new venture start?

NARCIS (Netherlands)

Parker, S.C.; van Praag, M.

2012-01-01

We extend the well-known occupational choice model of entrepreneurship by analyzing the mode of entry. Individuals can become entrepreneurs by taking over established businesses or starting up new ventures from scratch. We argue that the new venture creation mode is associated with higher levels of

Interdependency in joint ventures: The relationship between dependency asymmetry and performance

NARCIS (Netherlands)

Kemp, R.G.M.; Ghauri, P.N.

2001-01-01

This paper reports the results of a survey on joint venture collaborations. It focuses on the relations between the level and intensity of conflict, trust and norms of exchange, and ultimately the performance of a joint venture, in case of dependency asymmetry between the partners. In management

Hydrochemical Characteristics and Evolution of Geothermal Fluids in the Chabu High-Temperature Geothermal System, Southern Tibet

Directory of Open Access Journals (Sweden)

X. Wang

2018-01-01

Full Text Available This study defines reasonable reservoir temperatures and cooling processes of subsurface geothermal fluids in the Chabu high-temperature geothermal system. This system lies in the south-central part of the Shenzha-Xietongmen hydrothermal active belt and develops an extensive sinter platform with various and intense hydrothermal manifestations. All the geothermal spring samples collected systematically from the sinter platform are divided into three groups by cluster analysis of major elements. Samples of group 1 and group 3 are distributed in the central part and northern periphery of the sinter platform, respectively, while samples of group 2 are scattered in the transitional zone between groups 1 and 3. The hydrochemical characteristics show that the geothermal waters of the research area have generally mixed with shallow cooler waters in reservoirs. The reasonable reservoir temperatures and the mixing processes of the subsurface geothermal fluids could be speculated by combining the hydrochemical characteristics of geothermal springs, calculated results of the chemical geothermometers, and silica-enthalpy mixing models. Contour maps are applied to measured emerging temperatures, mass flow rates, total dissolved solids of spring samples, and reasonable subsurface temperatures. They indicate that the major cooling processes of the subsurface geothermal fluids gradually transform from adiabatic boiling to conduction from the central part to the peripheral belt. The geothermal reservoir temperatures also show an increasing trend. The point with the highest reservoir temperature (256°C appears in the east-central part of the research area, which might be the main up-flow zone. The cooling processes of the subsurface geothermal fluids in the research area can be shown on an enthalpy-chloride plot. The deep parent fluid for the Chabu geothermal field has a Cl− concentration of 290 mg/L and an enthalpy of 1550 J/g (with a water temperature of

The Influence of Financial 'Skin in the Game' on New Venture Creation

DEFF Research Database (Denmark)

Frid, Casey J.; Wyman, David M.; Gartner, William B.

2015-01-01

A common theme in entrepreneurship research is that the founder must be committed inorder for a new venture to succeed. Although investments of time and sweat equity can indicatecommitment, external stakeholders may prefer founders who have made a significant, personalfinancial stake in their nas......A common theme in entrepreneurship research is that the founder must be committed inorder for a new venture to succeed. Although investments of time and sweat equity can indicatecommitment, external stakeholders may prefer founders who have made a significant, personalfinancial stake...... in their nascent ventures. This personal financial commitment is known as “skinin the game.” Founders that invest more of their own money into their ventures signal greater commitment to potential business partners, suppliers, and resource providers.This studyexamines the amount of personal funds invested by 1...

How do new ventures in MNC ecosystems proactively overcome interfirm asymmetries?

Directory of Open Access Journals (Sweden)

Shameen Prashantham

2011-09-01

Full Text Available Several contemporary large multinational corporations (MNCs have developed interfirm ecosystems that are likely to attract a heterogeneous set of actors, including new ventures. New ventures are asymmetric vis-à-vis the focal MNC in terms of organisational size, structure and power which could be an impediment to the development of social capital between these sets of firms. And yet MNCs are potentially a source of novel information, opportunities and ideas. An interesting question to consider therefore is how new ventures overcome interfirm asymmetries to develop and leverage social capital with large MNCs. Our synthesis of the academic literature suggests that some new ventures are more adept than others at partnering with MNCs because they are more proactive in forming and leveraging interfirm ties with large MNCs. Insightful observations of four panellists shed light on how startups’ proactive behaviours can be vitally important in forming, consolidating and extending relationships with large MNCs.

HOW DOES THE JEREMIE PROGRAM AFFECT THE HUNGARIAN VENTURE CAPITAL MARKET?

Directory of Open Access Journals (Sweden)

Zsuzsanna Széles

2011-01-01

Full Text Available In the 2007-2013 EU's budgetary period a new program was introduced for SMEs. JEREMIE - Joint European Resources for Micro to medium Enterprises - offers to EU Member States and regions the possibility to invest some of their EU structural funds allocations in revolving funds and so recycle financial resources in order to enhance and accelerate investments in enterprises. The market for venture capital and private equity is relatively small in Central and Eastern Europe, but has matured during the past decade and yields are better than in Western Europe. In 2009 Hungary got the first notification for the venture capital part of the JEREMIE program, and started to organize the channel to distribute this renewable source for Hungarian start-up and innovative (from micro to medium enterprises. 2010 was the first year of the “JEREMIE venture capital funds” in Hungary. There are no tangible results yet, but a snapshot could be taken about how this program affects the Hungarian venture capital market.

Geothermal Program Review VII: proceedings. DOE Research and Development for the Geothermal Marketplace

Energy Technology Data Exchange (ETDEWEB)

1989-01-01

Each year the Geothermal Technology Division of the US Department of Energy conducts an indepth review of its entire geothermal R and D program. The 2--3 day conference serves several purposes: a status report on current R and D activities, an assessment of progress and problems, a review of management issues, and a technology transfer opportunity between DOE and the US geothermal industry. This year's conference, Program Review 7, was held in San Francisco on March 21--23, 1989. As indicated by its title, ''DOE Research and Development for the Geothermal Marketplace'', Program Review 7 emphasized developing technologies, concepts, and innovations having potential for commercial application in the foreseeable future. Program Review 7 was comprised of eight sessions including an opening session and a special presentation on the ''Role of Geothermal Energy in Minimizing Global Environmental Problems.'' The five technical sessions covered GTD-sponsored R and D in the areas of hydrothermal (two sessions), hot dry rock, geopressured, and magma. Presentations were made by the relevant field researchers, and sessions were chaired by the appropriate DOE Operations Office Geothermal Program Manager. The technical papers and commentary of invited speakers contained in these Proceedings have been compiled in the order in which they were presented at Program Review 7.

The Impact of Institutional Settings on Learning Behavior by Venture Capitalists and Start-Ups

DEFF Research Database (Denmark)

Gatti, Anna; Vendelø, Morten Thanning

2005-01-01

differen-ces in local institutional settings affect learning and adaptation by European venture ca-pitalists and start-ups, and thus, affect the processes of field formation. For example, it has been observed that institutional settings can facilitate or discourage learning from direct experience (Herriot...... is to understand if and how US venture capitalism affect the evolvement of venture capitalism in Europe. We study the emergence of a venture capitalist industry in Denmark and Italy, and thus, by selecting two countries with distinctive differences in cultures and institutions, we study learning and adaptation...

>venture>: Support for Early Stage Start-ups and Potential Entrepreneurs.

Science.gov (United States)

Kauz, Lukas

2014-12-01

>venture>, the leading Swiss-wide business plan competition, is an ideal partner for young start-ups and entrepreneurs. For the upcoming tenth anniversary edition the competition will receive an update. Building upon a successful base of the past nine editions and equipped with contemporary networking events and more know-how transferring seminars, >venture> will fit even better into the Swiss start-up ecosystem.

Mutnovo geothermal power complex at Kamchatka

International Nuclear Information System (INIS)

Britvin, O.V.; Povarov, O.A.; Klochkov, E.F.; Tomarov, G.V.; Koshkin, N.L.; Luzin, V.E.

2001-01-01

The data on geothermal resources at Kamchatka and experience in their application are presented. The description of the geothermal power complex objects at the Mutnovo deposit is given. The basic trends and stages of the prospective geothermal power development in this region are indicated. It is specified for unique huge geothermal heat reserves, which by different estimates may provide for the total electrical and thermal capacity, exceeding 2000 MW [ru

Geothermal Field Investigations of Turkey

Science.gov (United States)

Sayın, N.; Özer, N.

2017-12-01

Geothermal energy is a type of energy that are found in the accessible depth of the crust, in the reservoirs by way of the permeable rocks, specially in heated fluid. Geothermal system is made of 3 main components; heat source, reservoir, and fluid bearing heat. Geothermal system mechanism is comprise of fluid transmission. Convection current (heat transmission) is caused by heating and causes the fluid in the system to expand. Heated fluid with low density show tendency to rise in system. Geothermal system occurs with variable geophysics and geochemical properties. Geophysical methods can determine structural properties of shallow and deep reservoirs with temperature, mineralization, gas amount, fluid movement, faulting, and sudden change in lithostratigraphic strata. This study revealed possible reservoir structures and showed examples of geophysics and gas measuring results in Turkey which is wealthy in regard to Geothermal sources.

Determinants of Success in Private Equity-Venture Capital Investments

OpenAIRE

Antonio Gledson de Carvalho; Eduardo Madureira Rodrigues Siqueira; Humberto Gallucci Netto

2011-01-01

This paper investigates the determinants of performance of the investments of private equity and venture capital (PEVC) funds in Brazil. We use two unique databases: the First Brazilian Private Equity and Venture Capital Census and the Guia-GVcepe Endeavor, with information on this industry for the period 1999 to 2007. As measures of performance we use the percentage and number of exits through IPO, acquisition by a company or by another investor. Our results indicate that the factors influen...

'Soft' human resource management in small international joint ventures

DEFF Research Database (Denmark)

Dao, Li

2012-01-01

This paper examines the value creation aspects of HRM in international joint ventures of a relatively small size and their implications for strategic management. We assume that HRM in this context is rather a process than a function, and a ‘soft’ – humanistic rather than a ‘hard’, instrumentalist...... of joint venture autonomy. A conceptual framework developed from these empirical insights invites further generalizing efforts, and more importantly, contributes to a dynamic understanding of HRM in small IJVs....

Deep Seawater Intrusion Enhanced by Geothermal Through Deep Faults in Xinzhou Geothermal Field in Guangdong, China

Science.gov (United States)

Lu, G.; Ou, H.; Hu, B. X.; Wang, X.

2017-12-01

This study investigates abnormal sea water intrusion from deep depth, riding an inland-ward deep groundwater flow, which is enhanced by deep faults and geothermal processes. The study site Xinzhou geothermal field is 20 km from the coast line. It is in southern China's Guangdong coast, a part of China's long coastal geothermal belt. The geothermal water is salty, having fueled an speculation that it was ancient sea water retained. However, the perpetual "pumping" of the self-flowing outflow of geothermal waters might alter the deep underground flow to favor large-scale or long distant sea water intrusion. We studied geochemical characteristics of the geothermal water and found it as a mixture of the sea water with rain water or pore water, with no indication of dilution involved. And we conducted numerical studies of the buoyancy-driven geothermal flow in the deep ground and find that deep down in thousand meters there is favorable hydraulic gradient favoring inland-ward groundwater flow, allowing seawater intrude inland for an unusually long tens of kilometers in a granitic groundwater flow system. This work formed the first in understanding geo-environment for deep ground water flow.

Multistage Effort and the Equity Structure of Venture Investment Based on Reciprocity Motivation

Directory of Open Access Journals (Sweden)

Chuan Ding

2015-01-01

Full Text Available For venture capitals, it is a long process from an entry to its exit. In this paper, the activity of venture investment will be divided into multistages. And, according to the effort level entrepreneurs will choose, the venture capitalists will provide an equity structure at the very beginning. As a benchmark for comparison, we will establish two game models on multistage investment under perfect rationality: a cooperative game model and a noncooperative one. Further, as a cause of pervasive psychological preference behavior, reciprocity motivation will influence the behavior of the decision-makers. Given this situation, Rabin’s reciprocity motivation theory will be applied to the multistage game model of the venture investment, and multistage behavior game model will be established as well, based on the reciprocity motivation. By looking into the theoretical derivations and simulation studies, we find that if venture capitalists and entrepreneurs both have reciprocity preferences, their utility would have been Pareto improvement compared with those under perfect rationality.

Capitalizing on Crisis: Venture Philanthropy's Colonial Project to Remake Urban Education

Science.gov (United States)

Lipman, Pauline

2015-01-01

This article focuses on the increased power of venture philanthropy to shape education in urban communities of color in the USA. The author situates venture philanthropy's expanded influence in urban school districts in the nexus of urban disinvestment, neoliberal governance, wealth concentration, and economic crisis. The author argues that…

Texaco, carbide form hydrogen plant venture

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Texaco Inc. and Union Carbide Industrial Gases Inc. (UCIG) have formed a joint venture to develop and operate hydrogen plants. The venture, named HydroGEN Supply Co., is owned by Texaco Hydrogen Inc., a wholly owned subsidiary of Texaco, and UCIG Hydrogen Services Inc., a wholly owned subsidiary of UCIG. Plants built by HydroGEN will combine Texaco's HyTEX technology for hydrogen production with UCIG's position in cryogenic and advanced air separation technology. Texaco the U.S. demand for hydrogen is expected to increase sharply during the next decade, while refinery hydrogen supply is expected to drop. The Clean Air Act amendments of 1990 require U.S. refiners to lower aromatics in gasoline, resulting in less hydrogen recovered by refiners from catalytic reforming units. Meanwhile, requirements to reduce sulfur in diesel fuel will require more hydrogen capacity

Geothermal and volcanism in west Java

Science.gov (United States)

Setiawan, I.; Indarto, S.; Sudarsono; Fauzi I, A.; Yuliyanti, A.; Lintjewas, L.; Alkausar, A.; Jakah

2018-02-01

Indonesian active volcanoes extend from Sumatra, Jawa, Bali, Lombok, Flores, North Sulawesi, and Halmahera. The volcanic arc hosts 276 volcanoes with 29 GWe of geothermal resources. Considering a wide distribution of geothermal potency, geothermal research is very important to be carried out especially to tackle high energy demand in Indonesia as an alternative energy sources aside from fossil fuel. Geothermal potency associated with volcanoes-hosted in West Java can be found in the West Java segment of Sunda Arc that is parallel with the subduction. The subduction of Indo-Australian oceanic plate beneath the Eurasian continental plate results in various volcanic products in a wide range of geochemical and mineralogical characteristics. The geochemical and mineralogical characteristics of volcanic and magmatic rocks associated with geothermal systems are ill-defined. Comprehensive study of geochemical signatures, mineralogical properties, and isotopes analysis might lead to the understanding of how large geothermal fields are found in West Java compared to ones in Central and East Java. The result can also provoke some valuable impacts on Java tectonic evolution and can suggest the key information for geothermal exploration enhancement.

Deep Geothermal Energy Production in Germany

Directory of Open Access Journals (Sweden)

Thorsten Agemar

2014-07-01

Full Text Available Germany uses its low enthalpy hydrothermal resources predominantly for balneological applications, space and district heating, but also for power production. The German Federal government supports the development of geothermal energy in terms of project funding, market incentives and credit offers, as well as a feed-in tariff for geothermal electricity. Although new projects for district heating take on average six years, geothermal energy utilisation is growing rapidly, especially in southern Germany. From 2003 to 2013, the annual production of geothermal district heating stations increased from 60 GWh to 530 GWh. In the same time, the annual power production increased from 0 GWh to 36 GWh. Currently, almost 200 geothermal facilities are in operation or under construction in Germany. A feasibility study including detailed geological site assessment is still essential when planning a new geothermal facility. As part of this assessment, a lot of geological data, hydraulic data, and subsurface temperatures can be retrieved from the geothermal information system GeotIS, which can be accessed online [1].

Geothermal Technologies Program: Alaska

Energy Technology Data Exchange (ETDEWEB)

2005-02-01

This fact sheets provides a summary of geothermal potential, issues, and current development in Alaska. This fact sheet was developed as part of DOE's GeoPowering the West initiative, part of the Geothermal Technologies Program.

Project Title: Geothermal Play Fairway Analysis of Potential Geothermal Resources in NE California, NW Nevada, and Southern Oregon: A Transition between Extension$-$Hosted and Volcanically$-$Hosted Geothermal Fields

Energy Technology Data Exchange (ETDEWEB)

McClain, James S. [Univ. of California, Davis, CA (United States). Dept. of; Dobson, Patrick [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Glassley, William [Univ. of California, Davis, CA (United States). Dept. of Earth and Planetary Sciences; Schiffman, Peter [Univ. of California, Davis, CA (United States). Dept. of Earth and Planetary Sciences; Zierenberg, Robert [Univ. of California, Davis, CA (United States). Dept. of Earth and Planetary Sciences; Zhang, Yingqi [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Conrad, Mark [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Siler, Drew [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Gasperikova, Erika [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Spycher, Nicolas F. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2016-09-30

Final report for the UCD-LBNL effort to apply Geothermal Play Fairway Analysis to a transition zone between a volcanically-hosted and extensionally-hosted geothermal. The project focusses on the geothermal resources in northeastern California.

Geothermal Technologies Program Blue Ribbon Panel Recommendations

Energy Technology Data Exchange (ETDEWEB)

none,

2011-06-17

The Geothermal Technologies Program assembled a geothermal Blue Ribbon Panel on March 22-23, 2011 in Albuquerque, New Mexico for a guided discussion on the future of geothermal energy in the United States and the role of the DOE Program. The Geothermal Blue Ribbon Panel Report captures the discussions and recommendations of the experts. An addendum is available here: http://www.eere.energy.gov/geothermal/pdfs/gtp_blue_ribbon_panel_report_addendum10-2011.pdf

White paper on geothermal sustainability; Grundlagenpapier 'Geothermal sustainability - A review with identified research needs'

Energy Technology Data Exchange (ETDEWEB)

Rybach, L.; Megel, T.

2006-12-15

This comprehensive appendix contained in a comprehensive annual report 2006 for the Swiss Federal Office of Energy (SFOE) reviews research needs identified in connection with the topic of geothermal sustainability. It is noted that excessive production often pursued - mostly for economical reasons - can lead to the depletion of heat reservoirs. Sustainable production can be achieved with lower production rates and still provide similar total energy yields. The regeneration of geothermal resources following exploitation is discussed. The need for further research into geothermal production sustainability is noted. A doublet system realised in Riehen, Switzerland, is discussed, as is an Enhanced Geothermal System EGS using circulation in fractured rock layers. Research still needed is noted.

Geothermal Progress Monitor: Report No. 14

Energy Technology Data Exchange (ETDEWEB)

1992-12-01

This issue of the Geothermal Progress Monitor, the 14th since its inception in 1980, highlights the anticipated rapid growth in the use of geothermal heat pumps and documents the continued growth in the use of geothermal energy for power generation, both in this country and abroad. In countries with a relatively large demand for new generation capacity, geothermal, if available, is being called on as a preferable alternative to the use of domestic or imported oil. On the other hand, in this country where current demand for new capacity is less, geothermal energy is commonly being put to use in small power generation units operating on the hot water resource.

The relationship between motives of entrepreneurial behavior and venture maturity

Directory of Open Access Journals (Sweden)

Bobera Dušan

2017-01-01

Full Text Available Countries at a different level of development exhibit a variety of entrepreneurial initiatives and activities in terms of motives of entrepreneurial behavior, but also the scope and structure of entrepreneurial ventures. The aim of this paper is to explore the relationship between the degree of economic development and the motives of entrepreneurial behavior. In order to perform a more detailed overview of the research subject, the research area expands on the scope and structure of entrepreneurial activity, with the aim of identifying the impact of the motives of entrepreneurial behavior on the entrepreneurial process observed in its phases. Characteristics of selected variables and the size of the research sample conditioned the usage of the Spearman's correlation coefficient and the Chi-square test. The results indicate a positive correlation between the level of economic development and opportunity motive of entrepreneurial ventures. This motive is also found to be a generator of maturity of entrepreneurial ventures. More specifically, the higher percentage of participation of the entrepreneurial ventures with opportunity motive is associated with a higher percentage of enterprise in more mature stages, which is especially reflected in the group of highly developed countries.

Addressing Canada's Commercialization Crisis and Shortage of Venture Capital: Will the Federal Government’s Solution Work?

Directory of Open Access Journals (Sweden)

Stephen A. Hurwitz

2013-09-01

Full Text Available Lack of funding is a major challenge to innovation in Canada’s emerging technology industry. This article will focus on this supply-side challenge within the complex venture capital ecosystem and discuss: i the current shortage of venture capital available to commercialize Canada’s R&D; ii the causes and consequences of that venture capital shortage; iii how the federal government will address this shortage through its innovative 2013 Venture Capital Action Plan, which commits $400 million and seeks to raise at least another $800 million from outside investors; and iv how a separate decision in the federal 2013 budget to phase out federal tax credits for labour-sponsored venture capital funds could imperil the 2013 Venture Capital Action Plan.

Geothermal energy

Energy Technology Data Exchange (ETDEWEB)

Gasparovic, N

1962-07-01

Live steam, transformed steam, and steam produced by expansion flashing are outlined with respect to their use in the production of electricity. The capacity, pressure, and temperature of a steam must be determined empirically by exploratory drilling. These factors are dependent on time and on the extent of nearby drilling-activity. Particulars of geothermal-steam power-plants such as steam dryness, hot-water flashing, condensation, gas extraction, and corrosion are discussed in detail. All available data (as per 1962) concerning the costs of operation and construction of geothermal power plants are tabulated. For space-heating purposes, two basic systems are utilized. When little corrosion or precipitation is expected, an open system is used, otherwise, closed systems are necessary. The space-heating system of Reykjavik, Iceland is cited as an example. A brief description of industrial applications of geothermal energy, such as the extraction of NaCl, D/sub 2/O, or boric acid, is provided. Thirty-two references are given.

Environment - Geothermal, the energy to wake up - Stimulation rather than fracturing - Iceland, the Texas of geothermal energy

International Nuclear Information System (INIS)

Chandes, Camille; Moragues, Manuel

2013-01-01

A first article comments the current efforts for the development of geothermal in France after a period during which it has been given up. It evokes the project of a geothermal plant near Paris (to supply Arcueil and Gentilly with energy), the increasing number of projects in different countries. It outlines the French delay in this sector, and that geothermal energy is as difficult to find as oil. It evokes the new actors of the sector and outlines the fierce competition in front of Icelander, Italian, US and Japanese actors, and the opportunities for the French ones. A second article comments the use of the hydraulic stimulation in geothermal energy exploration rather than hydraulic fracturing as in shale gas exploration, and outlines that according to geothermal energy actors this technique avoids the risk of micro-earthquake. A last article describes the activity of the geothermal sector in Iceland: geothermal energy supplies two thirds of primary energy consumption in this country. It exploits the Icelander volcanism. This development has been particularly noticeable since 2000, but some questions are raised regarding the production potential

Evolution of the uranium joint venture

International Nuclear Information System (INIS)

Bloomenthal, H.S.

1976-01-01

This paper concentrates on the economic realities of the joint venture in order to anticipate the basic problems that will be encountered so as to permit legislating by contrast how the problems are to be handled as between the parties

MIT Experiments with Joint Venture Contract.

Science.gov (United States)

American School and University, 1981

1981-01-01

A new dormitory at Massachusetts Institute of Technology was constructed using a joint venture contract with safeguards and incentives that brought university, architect, and building contractor into a closer and more productive relationship than under conventional contract arrangements. (Author/MLF)

Global geothermal energy scenario

International Nuclear Information System (INIS)

Singh, S.K.; Singh, A.; Pandey, G.N.

1993-01-01

To resolve the energy crisis efforts have been made in exploring and utilizing nonconventional energy resources since last few decades. Geothermal energy is one such energy resource. Fossil fuels are the earth's energy capital like money deposited in bank years ago. The energy to build this energy came mainly from the sun. Steam geysers and hot water springs are other manifestations of geothermal energy. Most of the 17 countries that today harness geothermal energy have simply tapped such resources where they occur. (author). 8 refs., 4 tabs., 1 fig

Worldwide installed geothermal power

International Nuclear Information System (INIS)

Laplaige, P.

1995-01-01

Worldwide electric energy production data are easy to compile, according to the informations given by individual countries. On the contrary, thermal applications of geothermics are difficult to quantify due to the variety of applications and the number of countries concerned. Exhaustive informations sometimes cannot be obtained from huge countries (China, Russia..) because of data centralization problems or not exploitable data transmission. Therefore, installed power data for geothermal heat production are given for 26 countries over the 57 that have answered the International Geothermal Association questionnaire. (J.S.). 1 fig., 2 tabs., 1 photo

Geothermal Energy and its Prospects in Lithuania

International Nuclear Information System (INIS)

Radeckas, B.

1995-01-01

Data on the geothermal resources in lithuania and on their prospective usage are presented. The analysis covers water horizons of the geothermal anomaly in West Lithuania and their hydrogeology. The energy of the 3 km thick geothermal source was evaluated. Technical and economical possibilities of using geothermal energy in West Lithuania are described. Some aspects of the investment and of the project of a geothermal power plant in Klaipeda are considered. (author). 6 refs., 6 tabs., 2 figs

Geothermal program review 16: Proceedings. A strategic plan for geothermal research

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-12-31

The proceedings contain 21 papers arranged under the following topical sections: Exploration technology (4 papers); Reservoir technology (5 papers); Energy conversion technology (8 papers); Drilling technology (2 papers); and Direct use and geothermal heat pump technology (2 papers). An additional section contains a report on a workshop on dual-use technologies for hydrothermal and advanced geothermal reservoirs.

VENTURE-PC 1.1, Reactor Analysis System with Sensitivity and Burnup

International Nuclear Information System (INIS)

2002-01-01

1 - Description of program or function: The VENTURE program solves the usual neutronics eigenvalue, adjoint, fixed source, and criticality search problems. It treats up to three dimensions, maps power density, and does first-order perturbation analysis at the macroscopic cross section level. The BURNER code solves the nuclide chain equations to estimate the nuclide concentrations and burnup at the end of an exposure time or after a shutdown period. This package is based on the CCC-459/BOLD VENTURE IV code system developed at Oak Ridge National Laboratory. In January 1989 the University of Cincinnati contributed the first VENTURE-PC package to RSICC's collection. It was a subset of the mainframe version consisting of the VENTURE and BURNER modules plus several processing modules. VENTURE-PC was distributed as CCC-459 until July 1997 when a new version (with updated source code compatible with newer FORTRAN-77 compilers, some revisions, and extensions to solve much larger problems) was contributed by Argonne National Laboratory. The principle code modules included in the VENTURE-PC system are: VENTURE: Multigroup neutronics finite-difference diffusion theory. BURNER: Depletion calculation for reactor core analysis. Other modules within VENTURE-PC are: DVENTR: Venture input processor; DCRSPR: Neutron cross section processor; DUTLIN: Control file (CNTRL) input processor; DCMACR: Citation format cross section input processor; CRXSPR: Cross section processor; DENMAN: Fuel repositioning module. In August of 1999, Argonne again contributed an updated version of the code which overcomes problem size constraints caused by binary record length limits inherent to the Fortran 90 compiler. The need for long records is detected and avoided by sub-blocking them. Also, the latest Fortran 95 compiler offers substantial speed gains on the newest processors. The source code is updated to be compatible with either Fortran 90 or Fortran 95. In August 2002, the package was updated with

National companies : performance, ventures, utility

International Nuclear Information System (INIS)

Didier, F.

1994-01-01

The author shows how a performing National Company can efficiently contribute, in line with the producing State, to the negotiation with International Companies and the success of large oil ventures contemplated by reserves-short countries. Fully entrepreneurial, the National Company will usefully ''explore'' touchy matters, and bring closer national rationale and petroleum rationale. (Author)

Trends in U.S. Venture Capital Investments Related to Energy: 1980 through the Third Quarter of 2010

Energy Technology Data Exchange (ETDEWEB)

Dooley, James J.

2010-11-08

This report documents trends in U.S. venture capital investments over the period 1980 through the third quarter of calendar year 2010 (2010 Q1+Q2+Q3). Particular attention is given to U.S. venture capital investments in the energy/industrial sector over the period 1980-2010 Q1+Q2+Q3 as well as in the more recently created cross-cutting category of CleanTech over the period 1995-2010 Q1+Q2+Q3. During the early 1980s, U.S. venture capital investments in the energy/industrial sector accounted for more than 20% of all venture capital investments. However subsequent periods of low energy prices, the deregulation of large aspects of the energy industry, and the emergence of fast growing new industries like computers (both hardware and software), biotechnology and the Internet quickly reduced the priority accorded to energy/industrial investments. To wit, venture capital investments related to the energy/industrial sector accounted for only 1% of the $132 billion (in real 2010 US$) invested in 2000 by the U.S. venture capital community. The significant increase in the real price of oil that began in 2003-2004 correlates with renewed interest and increased investment by the venture capital community in energy/industrial investment opportunities. Venture capital investments for 2009 for the energy/industrial sector accounted for $2.4 billion or slightly more than 13% of all venture capital invested that year. The total venture capital invested in energy/industrial during the first three quarters of 2010 is close to $2.4 billion accounting for slightly less than 15% of all venture capital investments during the first three quarters of 2010. In 2009, the aggregate amount invested in CleanTech was $2.1 billion (11% of the total US venture capital invested in that lean year) and for the first three quarters of 2010 US venture capital investments in CleanTech have already exceeded $2.8 billion (18% of all US venture capital investments made during the first three quarters of

Entrepreneurial orientation and new venture performance : The mediating effect of network strategies

NARCIS (Netherlands)

Stam, Wouter; Elfring, T.

2006-01-01

While entrepreneurship scholars have generally examined the direct effects of entrepreneurial orientation (EO) on the performance of new ventures, we build on recent calls for a contingency framework and propose that ventures' network strategies intervene in the EO-performance relationship. Drawing

Federal Geothermal Research Program Update Fiscal Year 2002

Energy Technology Data Exchange (ETDEWEB)

2003-09-01

The Department of Energy (DOE) and its predecessors have conducted research and development (R&D) in geothermal energy since 1971. To develop the technology needed to harness the Nation's vast geothermal resources, DOE's Office of Geothermal Technologies oversees a network of national laboratories, industrial contractors, universities, and their subcontractors. The goals are: (1) Double the number of States with geothermal electric power facilities to eight by 2006; (2) Reduce the levelized cost of generating geothermal power to 3-5 cents per kWh by 2007; and (3) Supply the electrical power or heat energy needs of 7 million homes and businesses in the United States by 2010. This Federal Geothermal Program Research Update reviews the specific objectives, status, and accomplishments of DOE's Geothermal Program for Federal Fiscal Year (FY) 2002. The information contained in this Research Update illustrates how the mission and goals of the Office of Geothermal Technologies are reflected in each R&D activity. The Geothermal Program, from its guiding principles to the most detailed research activities, is focused on expanding the use of geothermal energy. balanced strategy for the Geothermal Program.

Federal Geothermal Research Program Update Fiscal Year 2003

Energy Technology Data Exchange (ETDEWEB)

2004-03-01

The Department of Energy (DOE) and its predecessors have conducted research and development (R&D) in geothermal energy since 1971. To develop the technology needed to harness the Nation's vast geothermal resources, DOE's Office of Geothermal Technologies oversees a network of national laboratories, industrial contractors, universities, and their subcontractors. The following mission and goal statements guide the overall activities of the Office. The goals are: (1) Reduce the levelized cost of generating geothermal power to 3-5 cents per kWh by 2007; (2) Double the number of States with geothermal electric power facilities to eight by 2006; and (3) Supply the electrical power or heat energy needs of 7 million homes and businesses in the United States by 2010. This Federal Geothermal Program Research Update reviews the accomplishments of DOE's Geothermal Program for Federal Fiscal Year (FY) 2003. The information contained in this Research Update illustrates how the mission and goals of the Office of Geothermal Technologies are reflected in each R&D activity. The Geothermal Program, from its guiding principles to the most detailed research activities, is focused on expanding the use of geothermal energy. balanced strategy for the Geothermal Program.

NEDO Forum 2000. Geothermal technology development session (new development of geothermal energy); Chinetsu gijutsu kaihatsu session. Chinetsu energy no shintenkai

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-09-01

The following themes were presented at this session: (1) geothermal development in the future, (2) the current status of geothermal development and utilization, (3) surveys on the promotion of geothermal development, and (4) verification and investigation on geothermal exploration technologies, development of hot water utilizing power generation plants, and international cooperation on geothermal development and utilization. In Item 2, report was made on the current status of geothermal power plants in Japan and their future development targets, long-term overview of geothermal development, measures and budgets to achieve the targets of geothermal development. In Item 3, it is reported that out of 48 areas completed of the survey (including the new promotion surveyed areas), the areas possible of steam power generation and confirmed of temperatures higher than 200 degrees C are 30 areas, and the areas possible of binary power generation (using down hole pumps) and small to medium scale power generation, confirmed of temperatures of 100 to 200 degrees C are 13 areas. In Item 4, reports were made on the reservoir bed variation exploring method, surveys on deep geothermal resources, a 10-MW demonstration plant, a system to detect well bottom information during excavation of geothermal wells, a technology to collect deep geothermal resources, and a hot-rock using power generation system. In Item 5, geothermal exploration in remote islands in the eastern part of Indonesia, and the IEA cooperation projects were reported. (NEDO)

Advanced seismic imaging for geothermal development

Energy Technology Data Exchange (ETDEWEB)

Louie, John [UNR; Pullammanappallil, Satish [Optim; Honjas, Bill [Optim

2016-08-01

J. N. Louie, Pullammanappallil, S., and Honjas, W., 2011, Advanced seismic imaging for geothermal development: Proceedings of the New Zealand Geothermal Workshop 2011, Nov. 21-23, Auckland, paper 32, 7 pp. Preprint available at http://crack.seismo.unr.edu/geothermal/Louie-NZGW11.pdf

Geothermal Progress Monitor report No. 11

Energy Technology Data Exchange (ETDEWEB)

1989-12-01

This issue of the Geothermal Progress Monitor (GPM) is the 11th since the inception of the publication in 1980. It continues to synthesize information on all aspects of geothermal development in this country and abroad to permit identification and quantification of trends in the use of this energy technology. In addition, the GPM is a mechanism for transferring current information on geothermal technology development to the private sector, and, over time, provides a historical record for those interested in the development pathway of the resource. In sum, the Department of Energy makes the GPM available to the many diverse interests that make up the geothermal community for the multiple uses it may serve. This issue of the GPM points up very clearly how closely knit many of those diverse interests have become. It might well be called an international issue'' since many of its pages are devoted to news of geothermal development abroad, to the efforts of the US industry to participate in overseas development, to the support given those efforts by federal and state agencies, and to the formation of the International Geothermal Association (IGA). All of these events indicate that the geothermal community has become truly international in character, an occurrence that can only enhance the future of geothermal energy as a major source of energy supply worldwide. 15 figs.

World status of geothermal energy use: past and potential

International Nuclear Information System (INIS)

Lund, John

2000-01-01

The past and potential development of geothermal energy is reviewed, and the use of geothermal energy for power generation and direct heat utilisation is examined. The energy savings that geothermal energy provides in terms of fuel oil and carbon savings are discussed. Worldwide development of geothermal electric power (1940-2000) and direct heat utilisation (1960 to 2000), regional geothermal use in 2000, the national geothermal contributions of geothermal energy, and the installed geothermal electric generating capacities in 2000 are tabulated

Geothermal Program Review X: proceedings. Geothermal Energy and the Utility Market -- the Opportunities and Challenges for Expanding Geothermal Energy in a Competitive Supply Market

Energy Technology Data Exchange (ETDEWEB)

1992-01-01

Each year the Geothermal Division of the US Department of Energy conducts an in-depth review of its entire geothermal R&D program. The conference serves several purposes: a status report on current R&D activities, an assessment of progress and problems, a review of management issues, and a technology transfer opportunity between DOE and the US geothermal city. This year`s conference, Program Review X, was held in San Francisco on March 24--26, 1992. The theme of the review, ``Geothermal Energy and the Utility Market -- The Opportunities and Challenges for Expanding Geothermal Energy in a Competitive Supply Market,`` focused on the needs of the electric utility sector. Geothermal energy, with its power capacity potential of 10 GWe by the year 2010, can provide reliable, enviromentally clean electricity which can help offset the projected increase in demand. Program Review X consisted of seven sessions including an opening session with presentations by Mr. Vikram Budhraja, Vice President of System Planning and Operations, Southern California Edison Company, and Mr. Richard Jaros, President and Chief Operating Officer, California Energy Company. The six technical sessions included presentations by the relevant field researchers covering DOE-sponsored R&D in hydrothermal, hot dry rock, and geopressured energy. Individual projects are processed separately for the data bases.

Federal Geothermal Research Program Update Fiscal Year 1999

Energy Technology Data Exchange (ETDEWEB)

2004-02-01

The Department of Energy (DOE) and its predecessors have conducted research and development (R&D) in geothermal energy since 1971. To develop the technology needed to harness the Nation's vast geothermal resources, DOE's Office of Geothermal and Wind Technologies oversees a network of national laboratories, industrial contractors, universities, and their subcontractors. The following mission and goal statements guide the overall activities of the Office of Geothermal and Wind Technologies. This Federal Geothermal Program Research Update reviews the specific objectives, status, and accomplishments of DOE's Geothermal Program for Federal Fiscal Year (FY) 1999. The information contained in this Research Update illustrates how the mission and goals of the Office of Geothermal and Wind Technologies are reflected in each R&D activity. The Geothermal Program, from its guiding principles to the most detailed research activities, is focused on expanding the use of geothermal energy.

Geothermal development and policy in the Philippines

International Nuclear Information System (INIS)

Datuin, R.; Roxas, F.

1990-01-01

The Philippines is the second largest geothermal energy producer in the world although its geothermal energy potential has barely been utilized. Out of an estimated total reserves of 8,000 MW, only about 11 percent or 894 MW are currently on stream for power generation. The electricity production from geothermal steam registered a growth of 8.9 percent from 1988 to 1989, one of the highest among local energy sources. During that same period, geothermal energy rated the highest capacity utilization of 67 percent compared to the average system capacity utilization of 43 percent. This paper describes both the use of geothermal energy and government policies concerning geothermal energy in the Philippines

Chemical logging of geothermal wells

Science.gov (United States)

Allen, C.A.; McAtee, R.E.

The presence of geothermal aquifers can be detected while drilling in geothermal formations by maintaining a chemical log of the ratio of the concentrations of calcium to carbonate and bicarbonate ions in the return drilling fluid. A continuous increase in the ratio of the concentrations of calcium to carbonate and bicarbonate ions is indicative of the existence of a warm or hot geothermal aquifer at some increased depth.

Multistage Effort and the Equity Structure of Venture Investment Based on Reciprocity Motivation

OpenAIRE

Ding, Chuan; Chen, Jiacheng; Liu, Xin; Zheng, Junjun

2015-01-01

For venture capitals, it is a long process from an entry to its exit. In this paper, the activity of venture investment will be divided into multistages. And, according to the effort level entrepreneurs will choose, the venture capitalists will provide an equity structure at the very beginning. As a benchmark for comparison, we will establish two game models on multistage investment under perfect rationality: a cooperative game model and a noncooperative one. Further, as a cause of pervasive ...

The significance of psychology and environment dimensions for Malaysian Muslim women entrepreneurships venturing

OpenAIRE

Norudin bin Mansor; Azman Bin Che Mat

2010-01-01

The decision to venture into business is relatively differ from each entrepreneur. Some are attracted to the pulling factors while others may be geared based on pushing factors. However the significant of the venturing success are believed to be as a result of inner psychological drive that mobilized their energy to venture into business related sectors. Thus this paper attempts to empirically discuss the effect of psychological and environmental factors in encouraging women to be in business...

Geothermal Energy Development annual report 1979

Energy Technology Data Exchange (ETDEWEB)

1980-08-01

This report is an exerpt from Earth Sciences Division Annual Report 1979 (LBL-10686). Progress in thirty-four research projects is reported including the following area: geothermal exploration technology, geothermal energy conversion technology, reservoir engineering, and geothermal environmental research. Separate entries were prepared for each project. (MHR)

Migratory Bird Joint Ventures of New Mexico

Data.gov (United States)

Earth Data Analysis Center, University of New Mexico — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

Venture Capital and Strategic Investment for Developing Government Mission Capabilities

Science.gov (United States)

2014-01-01

Defense Venture Catalyst Initiative, Welcome to Defense Venture Catalyst Initiative, undated. 10 A. McBride, Pentagon Turns to Silicon Valley for Leads...negotiating valuation and other terms, such as profit participation, stock redemption rights, board membership, and voting rights. The manager will very...to be an agile, flexible commercial firm that could work on its own terms with firms in Silicon Valley and throughout the world.”4 Since inception

The National Geothermal Energy Research Program

Science.gov (United States)

Green, R. J.

1974-01-01

The continuous demand for energy and the concern for shortages of conventional energy resources have spurred the nation to consider alternate energy resources, such as geothermal. Although significant growth in the one natural steam field located in the United States has occurred, a major effort is now needed if geothermal energy, in its several forms, is to contribute to the nation's energy supplies. From the early informal efforts of an Interagency Panel for Geothermal Energy Research, a 5-year Federal program has evolved whose objective is the rapid development of a commercial industry for the utilization of geothermal resources for electric power production and other products. The Federal program seeks to evaluate the realistic potential of geothermal energy, to support the necessary research and technology needed to demonstrate the economic and environmental feasibility of the several types of geothermal resources, and to address the legal and institutional problems concerned in the stimulation and regulation of this new industry.

Geothermics of the Apenninic subduction

Directory of Open Access Journals (Sweden)

G. Zito

1997-06-01

Full Text Available The subduction of the Adriatic microplate is analysed from a geothermal point of view. In particular four main geodynamic units are distinguished: foreland, foredeep and slab, accretionary prism, and back-arc basin. Each of them is examined from a geothermal point of view and the related open question are discussed. The most relevant results are the determination of the undisturbed geothermal gradient in the aquifer of the foreland; the discovery of a « hot » accretionary prism; and a new model of instantaneous extension of the back-arc basins. The main conclusion is that geothermal data are consistent with a westward dipping subduction that migrated eastward producing a sequence of several episodes at the surface.

Water Desalination using geothermal energy

KAUST Repository

Goosen, M.

2010-08-03

The paper provides a critical overview of water desalination using geothermal resources. Specific case studies are presented, as well as an assessment of environmental risks and market potential and barriers to growth. The availability and suitability of low and high temperature geothermal energy in comparison to other renewable energy resources for desalination is also discussed. Analysis will show, for example, that the use of geothermal energy for thermal desalination can be justified only in the presence of cheap geothermal reservoirs or in decentralized applications focusing on small-scale water supplies in coastal regions, provided that society is able and willing to pay for desalting. 2010 by the authors; licensee MDPI, Basel, Switzerland.

Engineered Geothermal System Demonstration Project

Energy Technology Data Exchange (ETDEWEB)

Petty, Susan

2014-06-19

In June 2009, AltaRock Energy began field work on a project supported by the U.S. Department of Energy entitled “Use of Multiple Stimulations to Improve Economics of Engineered Geothermal Systems in Shallow High Temperature Intrusives.” The goal of the project was to develop an Engineered Geothermal System (EGS) in the portion of The Geysers geothermal field operated by the Northern California Power Agency (NCPA). The project encountered several problems while deepening Well E-7 which culminated in the suspension of field activities in September 2009. Some of the problems encountered are particular to The Geysers area, while others might be encountered in any geothermal field, and they might be avoided in future operations.

Enhancing selective capacity through venture bases

DEFF Research Database (Denmark)

Vintergaard, Christian; Husted, Kenneth

2003-01-01

Corporate venturing managers have the rule of thumb that only approximately one out often investments really pay of in financial measures. These low odds for success, of course,put extremely high expectations to the profit yielded from the few investments that becomesuccessful. In other words...

Trust in international joint venture relationships

NARCIS (Netherlands)

Boersma, Margreet Francina; Ghauri, Pervez N.; Buckley, Peter J.

2004-01-01

International joint ventures (IJVs) are frequently stated to be increasingly popular but with significant managerial dissatisfaction in their operations (Madhok, 1995a). Therefore, a great deal of attention has been paid to the performance of IJVs (e.g. Contractor and Lorange, 1988; special issue of

La joint venture contractual en el ámbito internacional

Directory of Open Access Journals (Sweden)

Ana Michavila Núñez

2014-06-01

Full Text Available La joint venture ha surgido en los negocios internacionales al margen de los marcos jurídicos establecidos. Sus rasgos característicos la definen como un acuerdo de cooperación para la realización de un negocio en común, en el que las partes realizan sus aportaciones, mantienen su autonomía y comparten el control sobre el negocio. La modalidad conocida como contractual o non-equity joint venture, habitualmente olvidada por la doctrina jurídica, participa de los mismos elementos y naturaleza que la equity o incorporated, si bien se distingue de ésta por los instrumentos utilizados por las partes para su implementación. Abarca todas aquellas joint ventures en las que las partes no eligen una corporation o una sociedad con personalidad jurídica para su instrumentación, sino cualquier otra forma jurídica prevista por un ordenamiento nacional o bien una diseñada a la medida por las partes en todos sus extremos. En cualquier caso, la voluntad de las partes debe plasmarse detalladamente en el acuerdo de base o contrato joint venture y, en su caso, en los contratos de aplicación o contratos satélites. Es preciso determinar en cada supuesto el régimen jurídico aplicable, puesto que no existe en la mayoría de los ordenamientos jurídicos una regulación de esta figura

Venture Capital Investments for Life Sciences Start-ups in Switzerland.

Science.gov (United States)

Gantenbein, Pascal; Herold, Nils

2014-12-01

Despite its economic and technological importance, the Swiss life sciences sector faces severe challenges in attracting enough venture capital for its own development. Although biotechnology and medical technology have been the most important areas of venture financing from 1999 through 2012 according to our own data, average investment volumes nevertheless remain on a low level of only 0.05 percent of Swiss GDP. After 2008, there was a pronounced shift away from early-stage financing. While business angels still play an important role at the early stage, venture capitalists are the most important investor type by volumes having their main focus on expansion financing. The industry faces predominant challenges in securing capital availability for entrepreneurs, in transforming the highly skewed and back-loaded payoff profile of investments into a more stable return stream, and in defining appropriate business and collaboration models.

Very low energy geothermics

International Nuclear Information System (INIS)

Anon.

1995-01-01

Very low energy geothermics correspond to temperatures below 30 C and has been developed to cover heating and cooling needs of recent individual houses or tertiary industries using heat pumps and low depth aquifers (<100 m). Geothermal heat pumps industry has made great strides in European Northern countries, China, Japan and the United States of America. Geothermal heat pumps are less energy consuming than air heat pumps and require less cooling fluid and maintenance. The Aquapac procedure has been developed in France in 1983 by the AFME (French Energy Control Agency), EdF and the BRGM (Geologic and Mining Research Office) to encourage the use of geothermal heat pump for domestic and sanitary water heating and to make a survey of low-depth aquifers in the whole french territory. The decay of energy costs that started in 1986 has led to a loss of interest for the Aquapac procedure, even in the tertiary industries for which the air-conditioning demand is growing up. (J.S.). 1 tab

Geothermal well log interpretation midterm report

Energy Technology Data Exchange (ETDEWEB)

Sanyal, S.K.; Wells, L.E.; Bickham, R.E.

1979-02-01

Reservoir types are defined according to fluid phase and temperature, lithology, geologic province, pore geometry, and salinity and fluid chemistry. Improvements are needed in lithology and porosity definition, fracture detection, and thermal evaluation for more accurate interpretation. Further efforts are directed toward improving diagnostic techniques for relating rock characteristics and log response, developing petrophysical models for geothermal systems, and developing thermal evaluation techniques. The Geothermal Well Log Interpretation study and report has concentrated only on hydrothermal geothermal reservoirs. Other geothermal reservoirs (hot dry rock, geopressured, etc.) are not considered.

Radiator Enhanced Geothermal System - A Revolutionary Method for Extracting Geothermal Energy

Science.gov (United States)

Karimi, S.; Marsh, B. D.; Hilpert, M.

2017-12-01

A new method of extracting geothermal energy, the Radiator Enhanced Geothermal System (RAD-EGS) has been developed. RAD-EGS attempts to mimic natural hydrothermal systems by 1) generating a vertical vane of artificially produced high porosity/permeability material deep in a hot sedimentary aquifer, 2) injecting water at surface temperatures to the bottom of the vane, where the rock is the hottest, 3) extracting super-heated water at the top of the vane. The novel RAD-EGS differs greatly from the currently available Enhanced Geothermal Systems in vane orientation, determined in the governing local crustal stress field by Shmax and Sl (meaning it is vertical), and in the vane location in a hot sedimentary aquifer, which naturally increases the longevity of the system. In this study, we explore several parameters regimes affecting the water temperature in the extraction well, keeping in mind that the minimum temperature of the extracted water has to be 150 °C in order for a geothermal system to be commercially viable. We used the COMSOL finite element package to simulate coupled heat and fluid transfer within the RAD-EGS model. The following geologic layers from top to bottom are accounted for in the model: i) confining upper layer, ii) hot sedimentary aquifer, and iii) underlying basement rock. The vane is placed vertically within the sedimentary aquifer. An injection well and an extraction well are also included in the simulation. We tested the model for a wide range of various parameters including background heat flux, thickness of geologic layers, geometric properties of the vane, diameter and location of the wells, fluid flow within the wells, regional hydraulic gradient, and permeability and porosity of the layers. The results show that among the aforementioned parameters, background heat flux and the depth of vane emplacement are highly significant in determining the level of commercial viability of the geothermal system. These results indicate that for the

Geothermal Loan Guaranty Program and its impact on geothermal exploration and development

Energy Technology Data Exchange (ETDEWEB)

Nasr, L.H.

1978-05-01

The study showed that the Geothermal Loan Guaranty Program has had only a negligible effect on geothermal development and the response to the program was far less than expected. The streamlining of environmental regulations and leasing policies, and the granting of intangible drilling cost write-offs and depletion allowances to operators would have had a greater impact on geothermal energy development. The loan guaranty program did not promote the undertaking of any new projects that would not have been undertaken without it. The program only accelerated the pace for some development which might have commenced in the future. Included in the study are recommendations for improving the operation of the program thereby increasing its attractiveness to potential applicants.

Valuation of private companies by Estonian private equity and venture capitalists / Priit Sander, Margus Kõomägi

Index Scriptorium Estoniae

Sander, Priit, 1973-

2007-01-01

Eraettevõtete hindamine Eesti era- ja riskiinvestorite poolt. Riskikapitali hinnakujundamise meetodid. Tabelid: Venture capital valuation issues; Venture capital pricing issues and return. Skeem: The venture capital valuation process in Estonia

Geothermal Permeability Enhancement - Final Report

Energy Technology Data Exchange (ETDEWEB)

Joe Beall; Mark Walters

2009-06-30

The overall objective is to apply known permeability enhancement techniques to reduce the number of wells needed and demonstrate the applicability of the techniques to other undeveloped or under-developed fields. The Enhanced Geothermal System (EGS) concept presented in this project enhances energy extraction from reduced permeability zones in the super-heated, vapor-dominated Aidlin Field of the The Geysers geothermal reservoir. Numerous geothermal reservoirs worldwide, over a wide temperature range, contain zones of low permeability which limit the development potential and the efficient recovery of heat from these reservoirs. Low permeability results from poorly connected fractures or the lack of fractures. The Enhanced Geothermal System concept presented here expands these technologies by applying and evaluating them in a systematic, integrated program.

Microbiological monitoring in geothermal plants

Science.gov (United States)

Alawi, M.; Lerm, S.; Vetter, A.; Vieth, A.; Seibt, A.; Wolfgramm, M.; Würdemann, H.

2009-12-01

In times of increasing relevance of alternative energy resources the utilization of geothermal energy and subsurface energy storage gains importance and arouses increasing interest of scientists. The research project “AquiScreen” investigates the operational reliability of geothermally used groundwater systems under microbial, geochemical, mineralogical and petrological aspects. Microbiological analyses based on fluid and solid phases of geothermal systems are conducted to evaluate the impact of microbial populations on these systems. The presentation focuses on first results obtained from microbiological monitoring of geothermal plants located in two different regions of Germany: the North German Basin and the Molasse Basin in the southern part characterized by different salinities and temperatures. Fluid and filter samples taken during regular plant operation were investigated using genetic fingerprinting based on PCR-amplified 16S rRNA genes to characterize the microbial biocenosis of the geothermal aquifer. Sequencing of dominant bands of the fingerprints and the subsequent comparison to 16S rRNA genes from public databases enables a correlation to metabolic classes and provides information about the biochemical processes in the deep biosphere. The genetic profiles revealed significant differences in microbiological community structures of geothermal aquifers investigated. Phylogenetic analyses indicate broad metabolical diversity adapted to the specific conditions in the aquifers. Additionally a high amount of so far uncultivated microorganisms was detected indicating very specific indigenous biocenosis. However, in all geothermal plants bacteria were detected despite of fluid temperatures from 45° to 120°C. The identified microorganisms are closely related to thermophilic and hyperthermophilic species detectable in hot wells and hot springs, like Thermus scotoductus and Thermodesulfovibrio yellowstonii, respectively. Halophilic species were detected in

Tax Policy, Venture Capital, and Entrepreneurship

DEFF Research Database (Denmark)

Keuschnigg, Christian; Nielsen, Søren Bo

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full effort...

Corporate relocation in venture capital finance

NARCIS (Netherlands)

Cumming, D.; Flemming, G.; Schwienbacher, A.

2009-01-01

This paper introduces an analysis of international relocation decisions of venture capital (VC)-backed companies. Relocations to the United States are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the

Effective Heuristics for New Venture Formation

NARCIS (Netherlands)

Kraaijenbrink, Jeroen

2010-01-01

Entrepreneurs are often under time pressure and may only have a short window of opportunity to launch their new venture. This means they often have no time for rational analytical decisions and rather rely on heuristics. Past research on entrepreneurial heuristics has primarily focused on predictive

BOLD/VENTURE-4, Reactor Analysis System with Sensitivity and Burnup

International Nuclear Information System (INIS)

1998-01-01

1 - Description of program or function: The system of codes can be used to solve nuclear reactor core static neutronics and reactor history exposure problems. BOLD/VENTURE-4: First order perturbation and time-dependent sensitivity theories can be applied. Control rod positioning may be modeled explicitly and refueling treated with repositioning and recycle. Special capability is coded to model the continuously fueled core and to solve the importance and dominant harmonics problems. The modules of the code system are: VENTNEUT: VENTURE neutronics module; DRIVER and CONTRL: Control module; BURNER: Exposure calculation for reactor core analysis; FILEDTOR: File editor; INPROSER: Input processor; EXPOSURE: BURNER code module; REACRATE: Reaction rate calculation; CNTRODPO: Control rod positioning; FUELMANG: Fuel management positioning and accounting; PERTUBAT: Perturbation reactivity importance analyses; sensitivity analysis; DEPTHMOD: Static and time-dependent perturbation sensitivity analysis. The special processors are: DVENTR: Handles the input to the VENTURE module; DCMACR: Converts CITATION macroscopic cross sections to microscopic cross sections; DCRSPR: Produces input for the CROSPROS module; DUTLIN: Adds or replaces problem input data without exiting the program; DENMAN: Repositions fuel; DMISLY: Miscellaneous tasks. Standard interface files between modules are binary sequential files that follow a standardized format. VENTURE-PC: The microcomputer version is a subset of the mainframe version. The modules and special processors which are not part of VENTURE-PC are: REACRATE, CNTRODPO, PERTUBAT, FUELMANG, DEPTHMOD, DMISLY. 2 - method of solution: BOLD-VENTURE-4: The neutronics problems are solved by applying the multigroup diffusion theory representation of neutron transport applying an over-relaxation inner iteration, outer iteration scheme. Special modeling is used or source correction is done during iteration to solve importance and harmonics problems. No

Prospects of geothermal energy

International Nuclear Information System (INIS)

Manzella, A.; Bianchi, A.

2008-01-01

Geothermal energy has great potential as a renewable energy with low environmental impact, the use of heat pumps is becoming established in Italy but the national contributions are still modest when compared to other nations. Mature technologies could double the installed geothermal power in Italy at 2020. [it

Electric utility companies and geothermal power

Science.gov (United States)

Pivirotto, D. S.

1976-01-01

The requirements of the electric utility industry as the primary potential market for geothermal energy are analyzed, based on a series of structured interviews with utility companies and financial institution executives. The interviews were designed to determine what information and technologies would be required before utilities would make investment decisions in favor of geothermal energy, the time frame in which the information and technologies would have to be available, and the influence of the governmental politics. The paper describes the geothermal resources, electric utility industry, its structure, the forces influencing utility companies, and their relationship to geothermal energy. A strategy for federal stimulation of utility investment in geothermal energy is suggested. Possibilities are discussed for stimulating utility investment through financial incentives, amelioration of institutional barriers, and technological improvements.

Status of geothermal resources in Mexico

International Nuclear Information System (INIS)

Le-Bert, G.

1990-01-01

Except for some isolated instances with tourist or therapeutic objectives and some attempts in the Cerro Prieto geothermal field, there are no projects for direct heat utilization of geothermal resources in Mexico. Therefore, all places that are studied are studied with geothermal-electric objectives. It is convenient to keep in mind that in Mexico, by law, the Comision Federal de Electricidad (CFE) is the public utility in charge of electrical energy service. This institution is directly responsible for the exploration, development and commercial use of geothermal energy for electrical generation. Therefore, this paper includes the present and planned exploration and utilization of geothermal resources only for electricity generation for the period 1985 to the present. Likewise, starting 5 years ago, the CFE efforts have been directed toward the development of high enthalpy fields

Geothermal Frontier: Penetrate a boundary between hydrothermal convection and heat conduction zones to create 'Beyond Brittle Geothermal Reservoir'

Science.gov (United States)

Tsuchiya, N.; Asanuma, H.; Sakaguchi, K.; Okamoto, A.; Hirano, N.; Watanabe, N.; Kizaki, A.

2013-12-01

EGS has been highlightened as a most promising method of geothermal development recently because of applicability to sites which have been considered to be unsuitable for geothermal development. Meanwhile, some critical problems have been experimentally identified, such as low recovery of injected water, difficulties to establish universal design/development methodology, and occurrence of large induced seismicity. Future geothermal target is supercritical and superheated geothermal fluids in and around ductile rock bodies under high temperatures. Ductile regime which is estimated beyond brittle zone is target region for future geothermal development due to high enthalpy fluids and relatively weak water-rock interaction. It is very difficult to determine exact depth of Brittle-Ductile boundary due to strong dependence of temperature (geotherm) and strain rate, however, ductile zone is considered to be developed above 400C and below 3 km in geothermal fields in Tohoku District. Hydrothermal experiments associated with additional advanced technology will be conducting to understand ';Beyond brittle World' and to develop deeper and hotter geothermal reservoir. We propose a new concept of the engineered geothermal development where reservoirs are created in ductile basement, expecting the following advantages: (a)simpler design and control the reservoir, (b)nearly full recovery of injected water, (c)sustainable production, (d)cost reduction by development of relatively shallower ductile zone in compression tectonic zones, (e)large quantity of energy extraction from widely distributed ductile zones, (f)establishment of universal and conceptual design/development methodology, and (g) suppression of felt earthquakes from/around the reservoirs. In ductile regime, Mesh-like fracture cloud has great potential for heat extraction between injection and production wells in spite of single and simple mega-fracture. Based on field observation and high performance hydrothermal

National Geothermal Data System: A Geothermal Data System for Exploration and Development

Energy Technology Data Exchange (ETDEWEB)

Allison, Lee [Executive Office of the State of Arizona (Arizona Geological Survey); Richard, Stephen [Executive Office of the State of Arizona (Arizona Geological Survey); Patten, Kim [Executive Office of the State of Arizona (Arizona Geological Survey); Love, Diane [Executive Office of the State of Arizona (Arizona Geological Survey); Coleman, Celia [Executive Office of the State of Arizona (Arizona Geological Survey); Chen, Genhan [Executive Office of the State of Arizona (Arizona Geological Survey)

2012-09-30

Geothermal-relevant geosciences data from all 50 states (www.stategeothermaldata.org), federal agencies, national labs, and academic centers are being digitized and linked in a distributed online network funded by the U.S. Department of Energy Geothermal Data System (GDS) to foster geothermal energy exploration and development through use of interactive online ‘mashups,’data integration, and applications. Emphasis is first to make as much information as possible accessible online, with a long range goal to make data interoperable through standardized services and interchange formats. A growing set of more than thirty geoscience data content models is in use or under development to define standardized interchange formats for: aqueous chemistry, borehole temperature data, direct use feature, drill stem test, seismic event hypocenter, fault feature, geologic contact feature, geologic unit feature, thermal/hot spring description, metadata, quaternary fault, volcanic vent description, well header feature, borehole lithology log, crustal stress, gravity, heat flow/temperature gradient, permeability, and feature description data like developed geothermal systems, geologic unit geothermal characterization, permeability, production data, rock alteration description, rock chemistry, and thermal conductivity. Map services are also being developed for isopach maps, aquifer temperature maps, and several states are working on geothermal resource overview maps. Content models are developed based on existing community datasets to encourage widespread adoption and promulgate content quality standards. Geoscience data and maps from other GDS participating institutions, or “nodes” (e.g., U.S. Geological Survey, Southern Methodist University, Oregon Institute of Technology, Stanford University, the University of Utah) are being supplemented with extensive land management and land use resources from the Western Regional Partnership (15 federal agencies and 5 Western states) to

China starts tapping rich geothermal resources

Science.gov (United States)

Guang, D.

1980-09-01

Attention is given to the electric and power installation running on geothermal energy at Yangbajain, Tibet. Other geothermal projects in Tibet, the Yunnan Province and the North China Plain are also outlined. Applications of geothermal energy are described, including the heating of homes and factories, spinning, weaving, paper-making and the making of wine.

Materials selection guidelines for geothermal energy utilization systems

Energy Technology Data Exchange (ETDEWEB)

Ellis, P.F. II; Conover, M.F.

1981-01-01

This manual includes geothermal fluid chemistry, corrosion test data, and materials operating experience. Systems using geothermal energy in El Salvador, Iceland, Italy, Japan, Mexico, New Zealand, and the United States are described. The manual provides materials selection guidelines for surface equipment of future geothermal energy systems. The key chemical species that are significant in determining corrosiveness of geothermal fluids are identified. The utilization modes of geothermal energy are defined as well as the various physical fluid parameters that affect corrosiveness. Both detailed and summarized results of materials performance tests and applicable operating experiences from forty sites throughout the world are presented. The application of various non-metal materials in geothermal environments are discussed. Included in appendices are: corrosion behavior of specific alloy classes in geothermal fluids, corrosion in seawater desalination plants, worldwide geothermal power production, DOE-sponsored utilization projects, plant availability, relative costs of alloys, and composition of alloys. (MHR)

Prospects of geothermal resource exploitation

International Nuclear Information System (INIS)

Bourrelier, P.H.; Cornet, F.; Fouillac, C.

1994-01-01

The use of geothermal energy to generate electricity has only occurred during the past 50 years by drilling wells in aquifers close to magmas and producing either dry steam or hot water. The world's production of electricity from geothermal energy is over 6000 MWe and is still growing. The direct use of geothermal energy for major urban communities has been developed recently by exploitation of aquifers in sedimentary basins under large towns. Scaling up the extraction of heat implies the exploitation of larger and better located fields requiring an appropriate method of extraction; the objective of present attempts in USA, Japan and Europe is to create heat exchangers by the circulation of water between several deep wells. Two field categories are considered: the extension of classical geothermal fields beyond the aquifer areas, and areas favoured by both a high geothermal gradient, fractures inducing a natural permeability at large scale, and good commercial prospects (such as in the Rhenan Graben). Hot dry rocks concept has gained a large interest. 1 fig., 5 tabs., 11 refs

Financial bootstrapping use in new family ventures and the impact on venture growth

OpenAIRE

Helleboogh, David; LAVEREN, Eddy; LYBAERT, Nadine

2010-01-01

This paper contributes to the general knowledge of bootstrap financing among new family ventures in two ways. Firstly, this research reveals which human capital characteristics of the owner-manager has an impact on financial bootstrapping use. The empirical results indicate that the use of bootstrapping techniques does not depend upon the family's business founder's education, but that it is a skill which is absorbed from self-employed parents or during the founder's prior work and management...

Geothermic Characters Of The Most Promising Geothermal Filed For Power Generation In Republic Of Yemen

Directory of Open Access Journals (Sweden)

Al Kubati M.

2017-07-01

Full Text Available This paper presents geothermal exploration and their geothermometric characteristics in the western part of Yemen. Geologically this volcanic province totals areas approximately 45000 km2. Tectonically the study area is considered one of the most active in the Arabian Plate boundaries that affected by the opening of the Red Sea and the Gulf of Aden as well as by the African rift valley. Extensive field work had been carried out to evaluate the geothermal characteristics of this area. Water and gas samples were collected from hundreds of thermal springs and shallow domestic wells and geochemically analyzed and reported. Temperatures and PH values range from 35 to 96.3 C and from 4.5 to 8.5 respectively. Deep geothermal gradient indicates that the geothermal gradients in the western part of the province Red Sea coast are relatively high up to 182 C at the depth of 3290 m. Volcanic units are affected by hydrothermal processes and became intensively altered. By applying geothermometric methods four geothermal fields have been primarily identified they are Al-Lisi and Isbil Dhamar province Al-Qafr Ibb province Damt Dhala province and the Red Sea coast geothermal fields and three water types were recognized which are Na-HCO3-Cl-S and Ca-Na-Cl and Na HCO3.Results from Al-Lisi and Isbil geothermal area are considered the most promising field. Geothermal detail studies have been achieves and location of the first geothermal exploration well is located in Al-Lisi and Isbil field.By applyig geophisical methods Iso- Resistivity contour mapsthese maps reflected high resistivity areas and low.Clearly shows the low resistivity values incentral and Western part of the study area about 11amp937mWhile up Resistivity values to the area in the eastern 600amp937m.Also through the use ofthe different current electrode spacing AB2 700 1000 1500 and 2000m.We find the low- Resistivity areas becoming more widespread and concentrated in the center of the study area and

Joint venture versus outreach: a financial analysis of case studies.

Science.gov (United States)

Forsman, R W

2001-01-01

Medical centers across the country are facing cost challenges, and national commercial laboratories are experiencing financial declines that necessitate their capturing market share in any way possible. Many laboratories are turning to joint ventures or partnerships for financial relief. However, it often is in the best interest of the patient and the medical center to integrate laboratory services across the continuum of care. This article analyzes two hypothetical joint ventures involving a laboratory management agreement and full laboratory outsourcing.

The Oregon Geothermal Planning Conference

Energy Technology Data Exchange (ETDEWEB)

None

1980-10-02

Oregon's geothermal resources represent a large portion of the nation's total geothermal potential. The State's resources are substantial in size, widespread in location, and presently in various stages of discovery and utilization. The exploration for, and development of, geothermal is presently dependent upon a mixture of engineering, economic, environmental, and legal factors. In response to the State's significant geothermal energy potential, and the emerging impediments and incentives for its development, the State of Oregon has begun a planning program intended to accelerate the environmentally prudent utilization of geothermal, while conserving the resource's long-term productivity. The program, which is based upon preliminary work performed by the Oregon Institute of Technology's Geo-Heat Center, will be managed by the Oregon Department of Energy, with the assistance of the Departments of Economic Development, Geology and Mineral Industries, and Water Resources. Funding support for the program is being provided by the US Department of Energy. The first six-month phase of the program, beginning in July 1980, will include the following five primary tasks: (1) coordination of state and local agency projects and information, in order to keep geothermal personnel abreast of the rapidly expanding resource literature, resource discoveries, technological advances, and each agency's projects. (2) Analysis of resource commercialization impediments and recommendations of incentives for accelerating resource utilization. (3) Compilation and dissemination of Oregon geothermal information, in order to create public and potential user awareness, and to publicize technical assistance programs and financial incentives. (4) Resource planning assistance for local governments in order to create local expertise and action; including a statewide workshop for local officials, and the formulation of two specific community resource development

Federal Geothermal Research Program Update - Fiscal Year 2001

Energy Technology Data Exchange (ETDEWEB)

Laney, P.T.

2002-08-31

This Federal Geothermal Program Research Update reviews the specific objectives, status, and accomplishments of DOE's Geothermal Program for Federal Fiscal Year (FY) 2001. The information contained in this Research Update illustrates how the mission and goals of the Office of Geothermal Technologies are reflected in each R&D activity. The Geothermal Program, from its guiding principles to the most detailed research activities, is focused on expanding the use of geothermal energy.

Development of geothermal-well-completion systems. Final report

Energy Technology Data Exchange (ETDEWEB)

Nelson, E.B.

1979-01-01

Results of a three year study concerning the completion of geothermal wells, specifically cementing, are reported. The research involved some specific tasks: (1) determination of properties an adequate geothermal well cement must possess; (2) thorough evaluation of current high temperature oilwell cementing technology in a geothermal context; (3) basic research concerning the chemical and physical behavior of cements in a geothermal environment; (4) recommendation of specific cement systems suitable for use in a geothermal well.

Geothermal environmental impact

International Nuclear Information System (INIS)

Armannsson, H.; Kristmannsdottir, H.

1992-01-01

Geothermal utilization can cause surface disturbances, physical effects due to fluid withdrawal noise, thermal effects and emission of chemicals as well as affect the communities concerned socially and economically. The environmental impact can be minimized by multiple use of the energy source and the reinjection of spent fluids. The emission of greenhouse gases to the atmosphere can be substantially reduced by substituting geothermal energy for fossil fuels as an industrial energy source wherever possible

Venture financing of start-ups: A model of contract between VC fund and entrepreneur

Directory of Open Access Journals (Sweden)

Osintsev Yury

2010-01-01

Full Text Available Venture capital has become one of the main sources of innovation in the modern, global economy. It is not just a substitute for bank loans: it has proven to be a more efficient way of financing projects at different stages. On one hand, venture financing allows for projects with higher risk, which leads to the possibility of higher returns on investment. On the other hand, venture investors who usually have managerial experience often participate in governing the business, which certainly adds value to the enterprise. In this paper we establish the model of contract between the venture capital fund and the entrepreneur, focusing on probably the most important issue of this contract: the shares of the parties in the business. The shares in the company determine the distribution of the joint surplus. The expected joint profits are not just exogenously specified in the contract but are dependent on the behavioral variables of both parties at the stage of fulfilling the contract. We call the behavioral variable of the entrepreneur ‘effort’ and the one of the venture fund ‘advice’. The probability of the project’s success, and hence the expected joint revenues, are increased by these two. However, both kinds of effort are costly to the respective parties that have made them. Based on this fact we can elaborate the profit functions of both sides of the contract. Our model can be considered as a basis for specifying contracts concerning venture financing. It can provide the logic for how the equilibrium shares of entrepreneur and venture fund are obtained.

Status on high enthalpy geothermal resources in Greece

International Nuclear Information System (INIS)

Koutinas, G.A.

1990-01-01

Greece is privileged to have many high and medium enthalpy geothermal resources. Related activities during the last 5 years were conducted mainly on the previously discovered geothermal fields of Milos, Nisyros and Lesvos islands, without any deep geothermal drilling. Most efforts were focused on the demonstration of a high enthalpy geothermal reservoir on Milos, by generating electricity from high salinity fluid, with a 2 MW pilot plant. Significant experience has been gained there, by solving technical problems, but still site specific constraints have to be overcome in order to arrive at a comprehensive feasibility study, leading to the development phase. A pre-feasibility study has been carried out in the Nisyros geothermal field. Moreover, a detailed geoscientific exploration program has been completed on Lesvos island, where very promising geothermal areas have been identified. In this paper, reference is made to the most important data concerning high enthalpy geothermal resources by emphasizing the Milos geothermal field

Federal Geothermal Research Program Update, FY 2000

Energy Technology Data Exchange (ETDEWEB)

Renner, Joel Lawrence

2001-08-01

The Department of Energy's Geothermal Program serves two broad purposes: 1) to assist industry in overcoming near-term barriers by conducting cost-shared research and field verification that allows geothermal energy to compete in today's aggressive energy markets; and 2) to undertake fundamental research with potentially large economic payoffs. The four categories of work used to distinguish the research activities of the Geothermal Program during FY 2000 reflect the main components of real-world geothermal projects. These categories form the main sections of the project descriptions in this Research Update. Exploration Technology research focuses on developing instruments and techniques to discover hidden hydrothermal systems and to explore the deep portions of known systems. Research in geophysical and geochemical methods is expected to yield increased knowledge of hidden geothermal systems. Reservoir Technology research combines laboratory and analytical investigations with equipment development and field testing to establish practical tools for resource development and management for both hydrothermal reservoirs and enhanced geothermal systems. Research in various reservoir analysis techniques is generating a wide range of information that facilitates development of improved reservoir management tools. Drilling Technology focuses on developing improved, economic drilling and completion technology for geothermal wells. Ongoing research to avert lost circulation episodes in geothermal drilling is yielding positive results. Conversion Technology research focuses on reducing costs and improving binary conversion cycle efficiency, to permit greater use of the more abundant moderate-temperature geothermal resource, and on the development of materials that will improve the operating characteristics of many types of geothermal energy equipment. Increased output and improved performance of binary cycles will result from investigations in heat cycle research.

Minutes of the conference 'Geothermal energy in Asia '98'. Symposium on the current status and the future of developing geothermal energy in Asia

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-10-22

This paper summarizes the proceedings presented at the 'Geothermal energy in Asia '98' held on October 22, 1998 in the Philippines. The Philippines, Japan, Indonesia, China, Malaysia, and Vietnam presented proceedings on the current status and the future of developing geothermal energy in each country. Technical theses presented relate to the following matters: a geothermal development model in the Khoy geothermal area in Iran, the result of surveys on promotion of geothermal development in Japan, the thermal fluid sources in the geothermal fluid systems in the Hachijo volcanic island in Japan, strategies for heat reservoir management by using numerical simulation in the Hacchobari geothermal area in Japan, a geological model for the north Negros geothermal area in the center of the Philippines, application of the NEDO rock core analyzing method in the Wasabizawa geothermal development area in Japan, measurements of geomagnetism, geocurrent, and gravity in the north Negros in the center of the Philippines, geophysical studies in geothermal exploration in the Mataloko area in the Nustenggara island in the eastern Indonesia, and the background of magma/crust structure in the geothermal systems. (NEDO)

Update of geothermal energy development in Greece

International Nuclear Information System (INIS)

Koutroupis, N.

1992-01-01

Following the completion of the Geothermal Reconnaissance Study in Greece and the successful drilling of seven deep geothermal wells in the Aegean islands of Milos and Nisyros, PPC started the first step towards geothermal development for electricity production as follows: A geothermal electric pilot plant of 2 MW e nominal capacity was installed on the Zephyria plain in Milos island (1985). During a nine month operation of the plant, problems connected with its long term operation were solved (hot reinjection of the high salinity brine, turbine washing etc). A feasibility study regarding exploitation of the Nisyros geothermal resources was completed and PPC connected Nisyros island electrically to Kos island via submarine cables. As consequence of the reaction against geothermal development by the people of Milos in early 1989, the power plant is still out of operation and the feasibility study planned for Milos has been postponed. For similar reasons the Nisyros drilling contract for five new geothermal deep wells has not come into force as yet. This paper summarizes the main PPC geothermal activities to date, the problems caused by the reactions of the Milos and Nisyros population and the relevant PPC countermeasures, as well as outlining the PPC development program for the near future

Use of a Geothermal-Solar Hybrid Power Plant to Mitigate Declines in Geothermal Resource Productivity

Energy Technology Data Exchange (ETDEWEB)

Dan Wendt; Greg Mines

2014-09-01

Many, if not all, geothermal resources are subject to decreasing productivity manifested in the form of decreasing brine temperature, flow rate, or both during the life span of the associated power generation project. The impacts of resource productivity decline on power plant performance can be significant; a reduction in heat input to a power plant not only decreases the thermal energy available for conversion to electrical power, but also adversely impacts the power plant conversion efficiency. The reduction in power generation is directly correlated to a reduction in revenues from power sales. Further, projects with Power Purchase Agreement (PPA) contracts in place may be subject to significant economic penalties if power generation falls below the default level specified. A potential solution to restoring the performance of a power plant operating from a declining productivity geothermal resource involves the use of solar thermal energy to restore the thermal input to the geothermal power plant. There are numerous technical merits associated with a renewable geothermal-solar hybrid plant in which the two heat sources share a common power block. The geo-solar hybrid plant could provide a better match to typical electrical power demand profiles than a stand-alone geothermal plant. The hybrid plant could also eliminate the stand-alone concentrated solar power plant thermal storage requirement for operation during times of low or no solar insolation. This paper identifies hybrid plant configurations and economic conditions for which solar thermal retrofit of a geothermal power plant could improve project economics. The net present value of the concentrated solar thermal retrofit of an air-cooled binary geothermal plant is presented as functions of both solar collector array cost and electricity sales price.

National Geothermal Data System: Interactive Assessment of Geothermal Energy Potential in the U.S.

Energy Technology Data Exchange (ETDEWEB)

Allison, Lee [Executive Office of the State of Arizona (Arizona Geological Survey); Richard, Stephen [Executive Office of the State of Arizona (Arizona Geological Survey); Clark, Ryan; Patten, Kim; Love, Diane; Coleman, Celia; Chen, Genhan; Matti, Jordan; Pape, Estelle; Musil, Leah

2012-01-30

Geothermal-relevant geosciences data from all 50 states (www.stategeothermaldata.org), federal agencies, national labs, and academic centers are being digitized and linked in a distributed online network via the U.S. Department of Energy-funded National Geothermal Data System (NGDS) to foster geothermal energy exploration and development through use of interactive online ‘mashups,’data integration, and applications. Emphasis is first to make as much information as possible accessible online, with a long range goal to make data interoperable through standardized services and interchange formats. An initial set of thirty geoscience data content models is in use or under development to define a standardized interchange format: aqueous chemistry, borehole temperature data, direct use feature, drill stem test, earthquake hypocenter, fault feature, geologic contact feature, geologic unit feature, thermal/hot spring description, metadata, quaternary fault, volcanic vent description, well header feature, borehole lithology log, crustal stress, gravity, heat flow/temperature gradient, permeability, and feature descriptions data like developed geothermal systems, geologic unit geothermal properties, permeability, production data, rock alteration description, rock chemistry, and thermal conductivity. Map services are also being developed for isopach maps, aquifer temperature maps, and several states are working on geothermal resource overview maps. Content models are developed preferentially from existing community use in order to encourage widespread adoption and promulgate minimum metadata quality standards. Geoscience data and maps from other NGDS participating institutions, or “nodes” (USGS, Southern Methodist University, Boise State University Geothermal Data Coalition) are being supplemented with extensive land management and land use resources from the Western Regional Partnership (15 federal agencies and 5 Western states) to provide access to a comprehensive

TRANSFER OF MARKETING KNOWLEDGE IN THAI INTERNATIONAL JOINT VENTURE FIRMS

Directory of Open Access Journals (Sweden)

Osman Mohamad

2010-07-01

Full Text Available The focus of this study is the transfer of marketing knowledge within Thai joint venture firms. The perspectives of Thai managers were surveyed using a structured instrument. The analysis identifies seven dimensions of marketing management knowledge: promotion management, price management, logistics management, product innovation management, strategic marketing management, cross-cultural management, and target marketing management. The incidence of transfer is highest for activities in strategic marketing management, followed by price management. Transfer in product innovation management and target marketing management tends to vary with the age of the joint venture. Joint venture firms with foreign partners originating from Western, advanced, industrialised nations recorded the highest incidence of knowledge transfer occurring within product innovation management. This trend also holds true for the management of promotion activities. The incidence of transfer in target marketing management is lowest among firms with foreign partners from neighbouring nations. The incidence of knowledge transfer within product innovation and target marketing also tends to vary with the age of the joint venture. An analysis based on industry classification revealed that the transfer of knowledge regarding logistics management occurs most for firms in the manufacturing sector. In the service sector, the highest incidence of knowledge transfer within the areas of promotion management and target marketing management occurred in the agricultural sector.

Part I. Remembering No. 2 (Ladislav Loerinc). EMO joint venture, joint-stock company - really completely useless organ?

International Nuclear Information System (INIS)

Blaha, M.

2008-01-01

In this chapter author reviewed the story of the EMO joint venture, joint-stock company, between Slovenske elektrarne, a. s. and EdF. EMO joint venture, joint-stock company, was established to complete the Mochovce nuclear power plant. EMO joint venture, joint-stock company was closed after one year of work. History of EMO joint venture, joint-stock company, was described by its former general manager Mr. Ladislav Loerinc.

International University Research Ventures: Implications for U.S. Economic Competitiveness National Security

Science.gov (United States)

2018-03-31

NTERNATIONAL UNIVERSITY RESEARCH VENTURES: IMPLICATIONS FOR US ECONOMIC COMPETITIVENESS AND NATIONAL SECURITY The views, opinions and/or findings...UNIVERSITY RESEARCH VENTURES: IMPLICATIONS FOR US ECONOMIC COMPETITIVENESS AND NATIONAL SECURITY Report Term: 0-Other Email: mzak@gatech.edu...expected to inform political and economic theories about technology transfer, innovation, economic competitiveness, and democratization/civil

Venture Capital in Ohio Schools: Building Commitment and Capacity for School Renewal.

Science.gov (United States)

Ohio State Dept. of Education, Columbus.

This publication describes Venture Capital grants, which are awarded to Ohio schools for school-improvement efforts. Originating in the business sector, the concept of Venture Capital represented corporate earning or individual savings invested in a new or fresh enterprise. The grants are designed to be long-term, evolving efforts focused on a…

Icebase: A suborbital survey to map geothermal heat flux under an ice sheet

Science.gov (United States)

Purucker, Michael E.; Connerney, John E. P.; Blakely, Richard J.; Bracken, Robert E.; Nowicki, Sophie; Le, Guan; Sabaka, Terence J.; Bonalsky, Todd M.; Kuang, Weijia; Ravat, Dhananjay; Ritz, Catherine; Vaughan, Alan P. M.; Gaina, Carmen; McEnroe, Suzanne; Lesur, Vincent

2013-04-01

NASA will solicit suborbital missions as part of its Earth Venture program element in the coming year. These missions are designed as complete PI-led investigations to conduct innovative hypothesis or scientific question-driven approaches to pressing questions in Earth System science. We propose to carry out a suborbital magnetic survey of Greenland using NASA's Global Hawk unmanned aerial vehicle to produce the first-ever map of the geothermal heat flux under an ice sheet. Better constraints on geothermal heat flux will reduce the uncertainty in future sea level rise, in turn allowing a more informed assessment of its impact on society. The geothermal heat flux depends on conditions such as mantle heat flux, and the tectonic history and heat production of the crust, all of which vary spatially. Underneath ice sheets, the geothermal heat flux influences the basal ice. Therefore heat flux is an important boundary condition in ice sheet modeling. Using magnetic data to constrain heat flux is possible because the magnetic properties of rocks are temperature dependent until they reach the Curie temperature. The technique has applications to understanding the response of Greenland ice sheet to climate forcing because the basal heat flux provides one of the boundary conditions. The technique also helps to locate the oldest ice. The oldest ice in Greenland should be found in areas of very low heat flux, and the identification of those areas is provided by this technique. Ice cores from the areas of oldest ice help to decipher past temperatures and CO2 contents. Our latest model of the geothermal heat flux under the Greenland ice sheet (http://websrv.cs.umt.edu/isis/index.php/Greenland_Basal_Heat_Flux) is based on low- resolution satellite observations collected by the CHAMP satellite between 2000 and 2010. Those observations will be enhanced by the upcoming Swarm gradient satellite mission, but the resolution will improve by less than a factor of two, from 400 km

Joint ventures are seen as a way to increase returns on under performing assets. How are they doing?

International Nuclear Information System (INIS)

Stanway, D.M.

1998-01-01

The challenges faced by the petroleum industry in establishing successful joint ventures are discussed. Good management practices are cited as one of the most important factors in ensuring the success of joint ventures. There are several reasons why companies pursue joint ventures. They often search for the competitive advantages that can arise from rationalization of operations and facilities, consolidation of management tasks and new opportunities for technological innovation. Joint ventures also allow companies to spread risk, get more capital and improve collective competencies. The importance for Canadian companies to make greater efforts at improving their international joint ventures, was emphasized. An 'alliance building capacity' to manage joint ventures was recommended. 18 refs., 3 figs

The low-energy geothermics

International Nuclear Information System (INIS)

Anon.

1995-01-01

Low-energy geothermal resources are characterized by temperatures ranging from 30 to 100 C. The principal worldwide applications are: towns and greenhouses heating, spa bathing, agriculture products drying, etc.. Sources depth ranges from 1500 to 2500 m in porous and permeable formations (sandstones, sands, conglomerates, limestones..) carrying aquifers. The worldwide installed power was of about 11500 MWth in 1990, with an annual production of about 36000 GWh (about 1% of worldwide energy consumption). The annual production rate is estimated to 10% and would represent a 30000 and 80000 MWth power in 2000 and 2010, respectively. In France, low-energy geothermal resources are encountered principally in Mesozoic sediments of the Parisian and Aquitanian basins. French geothermics has developed during the last 30 years and principally between 1980 and 1985 after the second petroleum crack. After 1985, the decay of fossil fuel costs and the development of corrosion problems in the geothermal wells have led to the abandonment of the less productive fields and to the study of technical solutions to solve the corrosion problems. (J.S.). 1 fig., 5 photos

Geothermal energy conversion facility

Energy Technology Data Exchange (ETDEWEB)

Kutscher, C.F.

1997-12-31

With the termination of favorable electricity generation pricing policies, the geothermal industry is exploring ways to improve the efficiency of existing plants and make them more cost-competitive with natural gas. The Geothermal Energy Conversion Facility (GECF) at NREL will allow researchers to study various means for increasing the thermodynamic efficiency of binary cycle geothermal plants. This work has received considerable support from the US geothermal industry and will be done in collaboration with industry members and utilities. The GECF is being constructed on NREL property at the top of South Table Mountain in Golden, Colorado. As shown in Figure 1, it consists of an electrically heated hot water loop that provides heating to a heater/vaporizer in which the working fluid vaporizes at supercritical or subcritical pressures as high as 700 psia. Both an air-cooled and water-cooled condenser will be available for condensing the working fluid. In order to minimize construction costs, available equipment from the similar INEL Heat Cycle Research Facility is being utilized.

Opportunity recognition and international new venture creation in University spin-offs

DEFF Research Database (Denmark)

Hannibal, Martin; Evers, Natasha; Servais, Per

2016-01-01

Extant research suggests that the founder’s activities and interactions are considered pivotal in driving the opportunity recognition process leading to international new venture emergence. This paper aims to explore the opportunity recognition process and international new venture emergence...... in the context of university high-technology spin-offs that are internationally market driven from inception. University spin-offs (USOs) are defined as ‘new firms created to exploit commercially some knowledge, technology or research results developed within a university’ (Pirnay et al., Small Bus Econ 21...... that the inventor-founders are typically engaged in opportunity recognition processes that are characterized as creative, driven by scientific innovations. It is indicated that the process of USO emergence and continuous development involves activities and interactions similar to typical international new ventures...

Individual learning effects on knowledge transfer in international joint ventures

DEFF Research Database (Denmark)

Dao, Li Thuy; Napier, Nancy

2016-01-01

This paper examines micro (individual-level) aspects of knowledge transfer and learning in international joint ventures in an emerging economy context. Learning by expatriate and local managers appears far more complex, mutually dependent, and significant to the knowledge transfer process than...... suggested in existing literature. Building upon conceptualizations of individual learning and cognitive – behavioural effects in an organisational context while drawing evidence from two cases of Danish – Vietnamese joint ventures, we propose a model of individual-level knowledge transfer and learning...

Joint venture schemes in Limpopo Province and their outcomes on smallholder farmers livelihoods

Science.gov (United States)

Mapedza, Everisto; van Koppen, Barbara; Sithole, Pinimidzai; Bourblanc, Magalie

2016-04-01

Joint Venture schemes based on the floppy irrigation technology are being promoted in the post-Apartheid South Africa's Limpopo Province. Access to land and water resources in South Africa are largely viewed as a mechanism for re-dressing the Apartheid injustices. This research was part of a broader applied research to help inform irrigation practise in the Limpopo Province. The research used literature review, key informant interviews and a questionnaire survey. The overall research question sought to understand how the Joint Venture Schemes had benefited the smallholder farmers. This paper argues that the joint venture partnership created a new injustice. Firstly, the Joint Venture Scheme design is fundamentally a bad idea which disempower farmers not only to water access but also land as well. The choice of the 'efficient' floppy irrigation technology was made by the state and entailed that land had to be managed as a single unit. In order to make more effective use of this highly sophisticated new technology, the smallholder farmers also needed to go into a joint venture partnership with a white commercial farmer. By virtue of signing the Joint Venture agreement the farmers were also forfeiting their land and water rights to be used for crop production. The smallholder farmers lost access to their water and land resources and were largely relegated to sharing profits - when they exist - with hardly any skills development despite what was initially envisaged in the Joint Venture partnership. Secondly, the implementation of the JVS has been skewed from the start which explains the bad results. This paper further shows how the negative outcomes affected women in particular. As the smallholder farmers argue the technological options chosen by the state have excluded both male and female farmers from accessing and utilising their land and water resources in order to improve their livelihoods; it has entrenched the role of the state and the private interests at the

Geothermal heat pump

International Nuclear Information System (INIS)

Bruno, R.; Tinti, F.

2009-01-01

In recent years, for several types of buildings and users, the choice of conditioning by heat pump and low enthalpy geothermal reservoir has been increasing in the Italian market. In fact, such systems are efficient in terms of energy and consumption, they can perform, even at the same time, both functions, heating and cooling and they are environmentally friendly, because they do not produce local emissions. This article will introduce the technology and will focus on critical points of a geothermal field design, from actual practice, to future perspectives for the geo exchanger improvement. Finally, the article presents a best practice case in Bologna district, with an economic analysis showing the convenience of a geothermal heat pump. Conclusions of the real benefits of these plants can be drawn: compared to a non-negligible initial cost, the investment has a pay-back period almost always acceptable, usually less than 10 years. [it

DMRC studies geothermal energy options

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-03-01

The Deep Mining Research Consortium (DMRC) is an industry-led research consortium that includes Vale Inco, Xstrata, Rio Tinto, Goldcorp, Agnico-Eagle, Barrick Gold, CANMET and the City of Sudbury. This article reported on the application of geothermal energy technologies to cool deep mine workings and use the heat from underground to produce energy to heat surface buildings. Researchers at the University of British Columbia's Centre for Environmental Research in Minerals, Metals and Materials have proposed the use of heat pumps and water-to-air heat exchangers at depth to chill mine workings. The heat pumps would act as refrigerators, taking heat from one area and moving it elsewhere. The purpose would be to extract heat from naturally occurring ground water and pass the chilled water through a heat exchanger to cool the air. The heated water would then be pumped to surface and used to heat surface facilities. The technology is well suited for using geothermal energy from decommissioned mines for district heating. The technology has been successfully used in Spring Hill, Nova Scotia, where geothermal energy from a decommissioned coal mine is used to heat an industrial park. A feasibility study is also underway for the city of Yellowknife in the Northwest Territories to produce up to 10 megawatts of heat from the Con Gold Mine, enough energy to heat half of Yellowknife. Geothermal energy can also be used to generate electricity, particularly in the Pacific Rim where underground temperatures are higher and closer to surface. In Sudbury Ontario, the enhanced geothermal systems technology would require two holes drilled to a depth of four kilometers. The ground between the two holes should be fractured to create an underground geothermal circuit. Geothermal energy does not produce any greenhouse gases or chemical wastes. 1 fig.

Geothermal resource assessment in Korea

Energy Technology Data Exchange (ETDEWEB)

Lee, Youngmin; Kim, Hyoung Chan [Korea Institute of Geoscience and Mineral Resources (Korea); Park, Sungho; Kim, Jongchan; Koo, Min-Ho [Kongju National University (Korea)

2010-10-15

To estimate available geothermal energy and to construct temperature at depth maps in Korea, various geothermal data have been used. Those include 1560 thermal property data such as thermal conductivity, specific heat and density, 353 heat flow data, 54 surface temperature data, and 180 heat production data. In Korea, subsurface temperature ranges from 23.9 C to 47.9 C at a depth of 1 km, from 34.2 C to 79.7 C at 2 km, from 44.2 C to 110.9 C at 3 km, from 53.8 C to 141.5 C at 4 km, and from 63.1 C to 171.6 C at 5 km. The total available subsurface geothermal energy in Korea is 4.25 x 10{sup 21} J from surface to a depth of 1 km, 1.67 x 10{sup 22} J to 2 km, 3.72 x 10{sup 22} J to 3 km, 6.52 x 10{sup 22} J to 4 km, and 1.01 x 10{sup 23} J to 5 km. In particular, the southeastern part of Korea shows high temperatures at depths and so does high geothermal energy. If only 2% of geothermal resource from surface to a depth of 5 km is developed in Korea, energy from geothermal resources would be equivalent to about 200 times annual consumption of primary energy ({proportional_to}2.33 x 10{sup 8} TOE) in Korea in 2006. (author)

New money, new problems : A qualitative study of the conflicts between venture capitalists and entrepreneurs in Sweden

OpenAIRE

Li, Juan; Abrahamsson, Jan Tony

2011-01-01

New ventures started by entrepreneurs need access to the right amount of financial resourcesin order to grow and expand businesses. Venture capital financing and partnerships withventure capital firms is a common route for entrepreneurial companies to acquire the neededfinancing for growing the venture, which in turn benefits a country’s economy as a whole.The partnership between the venture capital firm and the entrepreneur may involve conflicts,due to different goals and objectives towards ...

Geothermal Progress Monitor. Report No. 15

Energy Technology Data Exchange (ETDEWEB)

1993-12-01

Two themes dominate this issue of the Geothermal Progress Monitor, the 15th since its inception in 1980. The first of these is the significance of the government/industry partnership role in geothermal development. This joint effort is reflected in the continued, measured growth in the use of geothermal energy, for both power generation and direct use applications, in this country and abroad, as well as in the development of new, innovative technologies to ensure a bright future for the resource. The second theme is the growing popularity of geothermal heat pumps (GHPs) among utilities, their customers, and federal agencies, all with disparate interests in the technology.

Sign of Radon for locate geothermic sources

International Nuclear Information System (INIS)

Gonzalez Teran, D.

1991-01-01

Evaluation of a geothermic field is based upon geological, geophysical and geochemical studies that enable the evaluation of the deposit potential, that is to say, the amount of energy per unit mass, the volume of the trapped fluid, vapor fraction and fluid chemistry. This thesis has as its objective the evaluation of radon gas emanation in high potential geothermic zones in order to utilize the results as a low cost and easy to manage complimentary tool in geothermic source prospection. In chapter I the importance and evaluation of a geothermic deposit is discussed. In chapter II the general characteristics of radon are discussed: its radioactivity and behavior upon diffusion over the earth's surface> Chapter III establishes the approach used in the geothermic field of Los Azufres, Michoacan, to carry out samplings of radon and the laboratory techniques that were used to evaluate the concentration of radon in the subsoil. Finally in chapter IV measurements of radon in the field are compared to geological faults in the area under study. The sampling zones were: low geothermic potential zone of the northern and the southern zone having a greater geothermic potential than that in the north. The study was carried out at different sampling times using plastics detectors of from 30 to 46 days from February to July. From the results obtained we concluded that the emission of radon was greater in the zones of greatest geothermic potential than in the low geothermic potential zones it was also affected by the fault structure and the time of year in which sampling was done. (Author)

Geothermal probes for the development of medium-deep geothermal heating; Erdwaermesonden zur Erschliessung der mitteltiefen Geothermie

Energy Technology Data Exchange (ETDEWEB)

Stuckmann, Uwe [REHAU AG + Co, Erlangen (Germany)

2012-07-01

Compared to the near-surface geothermal energy, in the medium-deep geothermal between between 400 and 1,000 meters higher temperature levels may opened up. Thus the efficiency of geothermal power plants can be increased. The possibly higher installation costs are significantly higher yield compared to the yields and withdrawal benefits. At higher thermal gradient of the underground it even is possible to dispense entirely on the heat pump and to heat directly.

Geothermal energy for American Samoa

Energy Technology Data Exchange (ETDEWEB)

1980-03-01

The geothermal commercialization potential in American Samoa was investigated. With geothermal energy harnessed in American Samoa, a myriad of possibilities would arise. Existing residential and business consumers would benefit from reduced electricity costs. The tuna canneries, demanding about 76% of the island's process heat requirements, may be able to use process heat from a geothermal source. Potential new industries include health spas, aquaculture, wood products, large domestic and transhipment refrigerated warehouses, electric cars, ocean nodule processing, and a hydrogen economy. There are no territorial statutory laws of American Samoa claiming or reserving any special rights (including mineral rights) to the territorial government, or other interests adverse to a land owner, for subsurface content of real property. Technically, an investigation has revealed that American Samoa does possess a geological environment conducive to geothermal energy development. Further studies and test holes are warranted.

Geothermal energy for Hawaii: a prospectus

Energy Technology Data Exchange (ETDEWEB)

Yen, W.W.S.; Iacofano, D.S.

1981-01-01

An overview of geothermal development is provided for contributors and participants in the process: developers, the financial community, consultants, government officials, and the people of Hawaii. Geothermal energy is described along with the issues, programs, and initiatives examined to date. Hawaii's future options are explored. Included in appendices are: a technical glossary, legislation and regulations, a geothermal directory, and an annotated bibliography. (MHR)

Overview of geothermal activities in Tunisia

International Nuclear Information System (INIS)

Ben Dhia, H.

1990-01-01

For Tunisia, the oil crisis and the decrease in local energy resources gave impetus to geothermal energy for potential assessment, exploration and utilization. Research undertaken showed a country with real potentialities either by its important deep aquifers or by the relatively high values of geothermal gradient and heat flow. This paper reports that it is expected that these efforts of geothermal investigation will continue in the future

SPP retains interest in geothermal project

International Nuclear Information System (INIS)

Anon

2007-01-01

Slovensky plynarensky priemysel (SPP) officially indicated that it intended to drop its project of using geothermal energy in the Kosicka kotlina. This spring it published an advert that it was looking for a company that wished to acquire a majority stake in the company, Geoterm Kosice. The company was established to commercially develop this geothermal source. But it seems SPP does not want to drop the project completely. It has kept some important cards, such as control over the land where the boreholes are located Any company that wants to use geothermal energy needs a ruling issued by the Ministry of Environment defining the exploration area. Geothermal sources were found in the villages of Durkov, Svinica, Bidovce and Olsovany. Not so long ago the area was assigned to Geoterm but from May 9 the area can be explored by Slovgeoterm. Both companies have the same majority shareholder - SPP. It controls 96% of Geoterm shares and 50% of Slovgeoterm. So far it has only officially announced its intention to sell the Geoterm shares. But as far as the use of the geothermal resource is concerned since May Slovgeoterm has played a key role.The company focuses on the utilization of geothermal energy. In addition to the project in the Kosice region, it has also participated in a project to heat more than a thousand flats using geothermal water in Galanta and a project to heat greenhouses in Podhajske. There are also other geothermal projects running in Presov and Michalovce. Icelandic company, Enex, with the same specialisation controls 28% of the company and a further 20% is owned by the investment group, NEFCO based in Helsinki. Two percent of the company is owned by its general director and the general proxy of Geoterm, Otto Halas. And so without the agreement of this company no-one can start any activities related to the utilization of geothermal energy. (authors)

Geothermal life cycle assessment - part 3

Energy Technology Data Exchange (ETDEWEB)

Sullivan, J. L. [Argonne National Lab. (ANL), Argonne, IL (United States); Frank, E. D. [Argonne National Lab. (ANL), Argonne, IL (United States); Han, J. [Argonne National Lab. (ANL), Argonne, IL (United States); Elgowainy, A. [Argonne National Lab. (ANL), Argonne, IL (United States); Wang, M. Q. [Argonne National Lab. (ANL), Argonne, IL (United States)

2013-11-01

A set of key issues pertaining to the environmental performance of geothermal electric power have been addressed. They include: 1) greenhouse gas emissions (GHG) from geothermal facilities, 2) the use of supercritical carbon dioxide (scCO₂) as a geofluid for enhanced geothermal systems (EGS), 3) quantifying the impact of well field exploration on the life cycle of geothermal power, and finally 4) criteria pollutant emissions for geothermal and other electric power generation. A GHG emission rate (g/kWh) distribution as function of cumulative running capacity for California has been developed based on California and U. S. government data. The distribution is similar to a global distribution for compared geothermal technologies. A model has been developed to estimate life cycle energy of and CO₂ emissions from a coupled pair of coal and EGS plants, the latter of which is powered by scCO₂ captured from coal plant side. Depending on the CO₂ capture rate on the coal side and the CO₂ consumption rate on the EGS side, significant reductions in GHG emissions were computed when the combined system is compared to its conventional coal counterpart. In effect, EGS CO₂ consumption acts as a sequestration mechanism for the coal plant. The effects CO₂ emissions from the coupled system, prompt on the coal side and reservoir leakage on the EGS side, were considered as well as the subsequent decline of these emissions after entering the atmosphere over a time frame of 100 years. A model was also developed to provide better estimates of the impact of well field exploration on the life cycle performance of geothermal power production. The new estimates increase the overall life cycle metrics for the geothermal systems over those previously estimated. Finally, the GREET model has been updated to include the most recent criteria pollutant emissions for a range of renewable (including geothermal) and other power

24 CFR 943.146 - What impact does the use of a subsidiary, affiliate, or joint venture have on financial...

Science.gov (United States)

2010-04-01

... subsidiary, affiliate, or joint venture have on financial accountability to HUD and the Federal government... URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.146 What impact does the use of a subsidiary, affiliate, or joint venture...

Utilising geothermal energy in Victoria

International Nuclear Information System (INIS)

Driscoll, Jim

2006-01-01

Geothermal energy is generated from the radioactive decay of naturally occurring isotopes and about 20% is generated from primordial heat associated with the formation of the earth. Geothermal project reduce energy and water cost and reduces greenhouse gas emissions

Japanese geothermics

International Nuclear Information System (INIS)

Laplaige, P.

1995-01-01

At the end of the seventies, the NEDO (New Energy and Industrial Technology Development Organisation) and the Central Research Institute of Electric Power Industry have started two independent projects of deep geothermics research in Honshu island (Japan). The two sites are 50 km apart of each other and the boreholes have been drilled up to 2300 and 1100 m of depth, respectively, in hot-dry moderately fractured volcanic rocks. These sites are characterized by high geothermal gradients with a rock temperature reaching 250 C at the bottom of the wells. Hydraulic circulation tests are still in progress to evaluate the profitability of these sites. (J.S.). 1 fig., 1 photo

The role of crowdfunding in entrepreneurial ventures : an analysis of recent trends in Sweden

OpenAIRE

Silver, Lars; Berggren, Björn; Fili, Andreas

2016-01-01

The financing of entrepreneurial ventures has been at the forefront of academic debate as well as policy-making discussion for almost a century. In general, there seems to be an agreement that the risks associated with business startups are higher than for mature firms, hence, these ventures will have to pay a higher interest rate than more mature and large firms. In this paper the authors analyze the role of a relatively new form of financing for entrepreneurial ventures – crowdfunding – and...

A guide to geothermal energy and the environment

Energy Technology Data Exchange (ETDEWEB)

Kagel, Alyssa; Bates, Diana; Gawell, Karl

2005-04-22

Geothermal energy, defined as heat from the Earth, is a statute-recognized renewable resource. The first U.S. geothermal power plant, opened at The Geysers in California in 1960, continues to operate successfully. The United States, as the world's largest producer of geothermal electricity, generates an average of 15 billion kilowatt hours of power per year, comparable to burning close to 25 million barrels of oil or 6 million short tons of coal per year. Geothermal has a higher capacity factor (a measure of the amount of real time during which a facility is used) than many other power sources. Unlike wind and solar resources, which are more dependent upon weather fluctuations and climate changes, geothermal resources are available 24 hours a day, 7 days a week. While the carrier medium for geothermal electricity (water) must be properly managed, the source of geothermal energy, the Earth's heat, will be available indefinitely. A geothermal resource assessment shows that nine western states together have the potential to provide over 20 percent of national electricity needs. Although geothermal power plants, concentrated in the West, provide the third largest domestic source of renewable electricity after hydropower and biomass, they currently produce less than one percent of total U.S. electricity.

The USGS national geothermal resource assessment: An update

Science.gov (United States)

Williams, C.F.; Reed, M.J.; Galanis, S.P.; DeAngelo, J.

2007-01-01

The U. S. Geological Survey (USGS) is working with the Department of Energy's (DOE) Geothermal Technologies Program and other geothermal organizations on a three-year effort to produce an updated assessment of available geothermal resources. The new assessment will introduce significant changes in the models for geothermal energy recovery factors, estimates of reservoir volumes, and limits to temperatures and depths for electric power production. It will also include the potential impact of evolving Enhanced Geothermal Systems (EGS) technology. An important focus in the assessment project is on the development of geothermal resource models consistent with the production histories and observed characteristics of exploited geothermal fields. New models for the recovery of heat from heterogeneous, fractured reservoirs provide a physically realistic basis for evaluating the production potential of both natural geothermal reservoirs and reservoirs that may be created through the application of EGS technology. Project investigators have also made substantial progress studying geothermal systems and the factors responsible for their formation through studies in the Great Basin-Modoc Plateau region, Coso, Long Valley, the Imperial Valley and central Alaska, Project personnel are also entering the supporting data and resulting analyses into geospatial databases that will be produced as part of the resource assessment.

Analysis of Low-Temperature Utilization of Geothermal Resources

Energy Technology Data Exchange (ETDEWEB)

Anderson, Brian

2015-06-30

Full realization of the potential of what might be considered “low-grade” geothermal resources will require that we examine many more uses for the heat than traditional electricity generation. To demonstrate that geothermal energy truly has the potential to be a national energy source we will be designing, assessing, and evaluating innovative uses for geothermal-produced water such as hybrid biomass-geothermal cogeneration of electricity and district heating and efficiency improvements to the use of cellulosic biomass in addition to utilization of geothermal in district heating for community redevelopment projects. The objectives of this project were: 1) to perform a techno-economic analysis of the integration and utilization potential of low-temperature geothermal sources. Innovative uses of low-enthalpy geothermal water were designed and examined for their ability to offset fossil fuels and decrease CO2 emissions. 2) To perform process optimizations and economic analyses of processes that can utilize low-temperature geothermal fluids. These processes included electricity generation using biomass and district heating systems. 3) To scale up and generalize the results of three case study locations to develop a regionalized model of the utilization of low-temperature geothermal resources. A national-level, GIS-based, low-temperature geothermal resource supply model was developed and used to develop a series of national supply curves. We performed an in-depth analysis of the low-temperature geothermal resources that dominate the eastern half of the United States. The final products of this study include 17 publications, an updated version of the cost estimation software GEOPHIRES, and direct-use supply curves for low-temperature utilization of geothermal resources. The supply curves for direct use geothermal include utilization from known hydrothermal, undiscovered hydrothermal, and near-hydrothermal EGS resources and presented these results at the Stanford

Bird Habitat Conservation at Various Scales in the Atlantic Coast Joint Venture

Science.gov (United States)

Andrew Milliken; Craig Watson; Chuck Hayes

2005-01-01

The Atlantic Coast Joint Venture is a partnership focused on the conservation of habitats for migratory birds within the Atlantic Flyway/Atlantic Coast Region from Maine south to Puerto Rico. In order to be effective in planning and implementing conservation in this large and diverse area, the joint venture must work at multiple spatial scales, from the largest ?...

Vegetation and geothermal development in the vicinity of the Takinogami geothermal field

Energy Technology Data Exchange (ETDEWEB)

Ohba, T

1973-07-01

After site studies for a new geothermal power plant at the Takinogami geothermal field, the Japan Natural Conservation Association recommended against locating the plant near the office and dormitory complexes at Matsukurasawa junction. An alternate site located about 1 km upstream on the Takinogami River was proposed. It was recommended that a buffer zone be established between the construction road and the local forest. This zone would be planted with Uwamizu cherry, Azuki pear, Tani deutia, Tamu brushwood, Clathracea, Rowan, Kobano ash and Yama (Japanese lacquer tree). A road embankment would be constructed of terraced masonry which would be landscaped with Tani deutia, Kuma raspberry, giant knotweed and mugwort. Previous development of geothermal wells in the area resulted in severe effects on the local flora. Consequently, further development was not recommended.

The Future of Geothermal Energy

Energy Technology Data Exchange (ETDEWEB)

Kubik, Michelle [Massachusetts Inst. of Technology (MIT), Cambridge, MA (United States)

2006-01-01

A comprehensive assessment of enhanced, or engineered, geothermal systems was carried out by an 18-member panel assembled by the Massachusetts Institute of Technology (MIT) to evaluate the potential of geothermal energy becoming a major energy source for the United States.

An Ethnographic Study of New Venture and New Sector Legitimation

DEFF Research Database (Denmark)

Turcan, Romeo V.; Fraser, Norman

2016-01-01

This study explores the process of legitimation of international new ventures from an emerging economy and the effect such ventures have on the process of creation and legitimation of a new industry in that economy. It is a longitudinal ethnographic case study. Following an inductive theory......-political legitimacies, the model theorizes temporal emergence of these at organizational and industry levels, leading ultimately to institutionalization. The authors advocate for further research at the intersection between legitimation, international entrepreneurship and emerging markets in order to further advance...

Geothermal energy as a source of electricity. A worldwide survey of the design and operation of geothermal power plants

Energy Technology Data Exchange (ETDEWEB)

DiPippo, R.

1980-01-01

An overview of geothermal power generation is presented. A survey of geothermal power plants is given for the following countries: China, El Salvador, Iceland, Italy, Japan, Mexico, New Zealand, Philippines, Turkey, USSR, and USA. A survey of countries planning geothermal power plants is included. (MHR)

Geothermal today: 1999 Geothermal Energy Program highlights (Clean energy for the 21st century booklet)

Energy Technology Data Exchange (ETDEWEB)

Green, B.; Waggoner, T.

2000-05-10

The purpose of this publication is to educate and inform readers about research activities being carried out by the federal Geothermal Energy Program, and its achievements and future goals. This publication should help raise the visibility and awareness of geothermal energy contributions and potential, especially as part of the nation's clean energy technologies portfolio. The message of the publication is that program resources are being well spent and the results are real and tangible. A secondary message is that geothermal energy is a viable generation option with environmental, economic, and other benefits.

Energy source completion for geothermal district heating systems

International Nuclear Information System (INIS)

Popovski, Kiril

2000-01-01

Geothermal district heating systems differs from the others mainly in the part of energy source completion and its connection to the heat distribution systems rather known problem. Even rather known problematic in the countries where geothermal energy is in wide application, new appearances of mistakes are always present due to the fact that necessary literature is difficult to be found. Essentials of the geothermal well completion and connection of geothermal source to the district heating distribution system are summarized in the paper and several examples of geothermal projects in flow are presented. (Author)

Geothermal energy in Italy and abroad

International Nuclear Information System (INIS)

Caputo di Calvisi, C.

2001-01-01

Geothermal systems and fields are analysed giving particular evidence to the value of the geothermal source as an important natural source of energy. The paper analyses hydrothermal systems and describes the international experimental studies on the use of geothermal reservoirs in hot rocks with geopressured and magmatic systems. Experts are optimistic as far as the use of this innovative source of energy is possible in the medium-short term [it

The role of social networks in financing technology-based ventures: an empirical exploration

NARCIS (Netherlands)

Heuven, J.M.J.; Groen, Arend J.

2012-01-01

The focus of this study is on the role of networks in both identifying and accessing financial resource providers by technology-based ventures. We explore the role of networks by taking into account several specifications. We (1) acknowledge that new ventures can access financial resource providers

Geothermal energy for greenhouses

Science.gov (United States)

Jacky Friedman

2009-01-01

Geothermal energy is heat (thermal) derived from the earth (geo). The heat flows along a geothermal gradient from the center of the earth to the surface. Most of the heat arrives at the surface of the earth at temperatures too low for much use. However, plate tectonics ensure that some of the heat is concentrated at temperatures and depths favorable for its commercial...

Geothermal energy technology

Energy Technology Data Exchange (ETDEWEB)

1977-01-01

Geothermal energy research and development by the Sunshine Project is subdivided into five major categories: exploration and exploitation technology, hot-water power generation technology, volcanic power generation technology, environmental conservation and multi-use technology, and equipment materials research. The programs are being carried out by various National Research Institutes, universities, and private industry. During 1976 and 1977, studies were made of the extent of resources, reservoir structure, ground water movement, and neotectonics at the Onikobe and Hachimantai geothermal fields. Studies to be performed in the near future include the use of new prospecting methods, including artificial magnetotellurics, heat balance calculation, brightspot techniques, and remote sensing, as well as laboratory studies of the physical, mechanical, and chemical properties of rock. Studies are continuing in the areas of ore formation in geothermal environments, hot-dry-rock drilling and fracturing, large scale prospecting technology, high temperature-pressure drilling muds and well cements, and arsenic removal techniques.

Geothermal energy, what technologies for what purposes?

International Nuclear Information System (INIS)

2008-01-01

This book, fully illustrated and rich of concrete examples, takes stock of the different technologies implemented today to use the Earth's heat: geothermal heat pumps for domestic, tertiary and collective residential uses, geothermal district heating networks and geothermal power plants for power generation. This overview is completed by a description of the future perspectives offered by this renewable energy source in the World and in France in terms of energy independence and technological innovation: geo-cooling, hybrid systems, absorption heat pumps or stimulated geothermal systems. (J.S.)

Geothermal Energy: Prospects and Problems

Science.gov (United States)

Ritter, William W.

1973-01-01

An examination of geothermal energy as a means of increasing the United States power resources with minimal pollution problems. Developed and planned geothermal-electric power installations around the world, capacities, installation dates, etc., are reviewed. Environmental impact, problems, etc. are discussed. (LK)

Geothermal technology in Australia: Investigating social acceptance

International Nuclear Information System (INIS)

Dowd, Anne-Maree; Boughen, Naomi; Ashworth, Peta; Carr-Cornish, Simone

2011-01-01

Issues of social acceptance, such as lack of awareness and negative community perceptions and reactions, can affect low emission energy technology development, despite general support observed for reducing carbon emissions and mitigating climate change. Negative community reactions and lack of understanding have affected geothermal developments, as demonstrated by the fearful community reactions and negative media experienced in response to seismic disturbances caused by 'hot rock' geothermal energy generation in Switzerland and Germany. Focusing on geothermal energy, this paper presents the results of using a participatory action research methodology to engage diverse groups within the Australian public. A key finding is that the majority of the Australian public report limited the knowledge or understanding of geothermal technology and have various concerns including water usage and seismic activity instigated by geothermal drilling. However, geothermal energy receives general support due to a common trend to champion renewable energy sources in preference to traditional forms of energy generation and controversial technologies. This paper also demonstrates the effectiveness of using an engagement process to explore public understanding of energy technologies in the context of climate change, and suggests a way forward for governments and industry to allocate resources for greatest impact when communicating about geothermal technology. - Highlights: → Majority of Australians have limited knowledge or understanding of geothermal technology. → Various concerns, including water usage and seismic activity instigated by drilling, were raised. → Geothermal energy has general support due to a common trend to champion renewable energy sources. → Methodology shows the effectiveness of an engagement process to explore public understanding. → Participants expressed intention to change behaviours, which can be a catalyst for change.

Chart Venture Partners' perspective on dual-use CBRNE technologies

Science.gov (United States)

Van Nice, C. S.; Gardner, P. J.

2008-04-01

Chart Venture Partners' (CVP) approach to investing in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) detection technologies can be best understood in the context of the unique partnership between the firm's two founding institutions. CVP was founded as a partnership between the Chart Group, a New York-based merchant banking and venture capital boutique, and InSitech Incorporated, a 501(c)(3) non-profit commercial partnership intermediary for the U.S. Army's Armament Research Development and Engineering Center (ARDEC) at Picatinny Arsenal in New Jersey. The partnership between Chart Group and Insitech has yielded a new investment model. Unlike most venture funds, CVP operates with a singular focus on early-stage defense and security technologies, with the important caveat that everything we invest in must also have dual-use application in large-scale commercial markets. CVP believes that early-stage CBRNE companies require five qualities to be viable investment candidates and successful start-up companies: Great Science, Strong IP Positions, Recognized Scientific Champions, Identified Dual-Use Market Pull, and "Real World" Technical Performance Data. When earlystage CBRNE companies decide to seek venture capital and pursue higher growth dual-use business models, we often find that certain issues arise that are not always fully contemplated at the outset, and that can create gaps between what the start-up companies are offering to investors and what those investors are seeking from their potential portfolio companies. These same issues can have significant positive or negative impact on shareholder value over time, depending on how they are managed. Specifically, startups should consider carefully their strategies related to business development, market positioning, government funding, and investment syndicate formation.

Geothermal energy utilization and technology

CERN Document Server

Dickson, Mary H; Fanelli, Mario

2013-01-01

Geothermal energy refers to the heat contained within the Earth that generates geological phenomena on a planetary scale. Today, this term is often associated with man's efforts to tap into this vast energy source. Geothermal Energy: utilization and technology is a detailed reference text, describing the various methods and technologies used to exploit the earth's heat. Beginning with an overview of geothermal energy and the state of the art, leading international experts in the field cover the main applications of geothermal energy, including: electricity generation space and district heating space cooling greenhouse heating aquaculture industrial applications The final third of the book focuses upon environmental impact and economic, financial and legal considerations, providing a comprehensive review of these topics. Each chapter is written by a different author, but to a set style, beginning with aims and objectives and ending with references, self-assessment questions and answers. Case studies are includ...

Joint Venture Modes of Water Conservancy and Hydroelectric Engineering

Directory of Open Access Journals (Sweden)

Zhiding Chen

2013-07-01

Full Text Available With the long construction period, the giant scope and complex technology, water conservancy and hydroelectric engineering construction has large investment. In the fully competitive water conservancy and hydropower project construction contracting market, it is almost impossible for a company to contract with a water conservancy and hydropower project independently. Therefore, water conservancy and hydropower project construction can be contracted by several construction companies together, to play each company's strengths, lower offer, improve project quality, shorten the construction period and win the competition. In this paper, we started from the definition of Joint Venture, summed up the forms of Joint Venture in water conservancy and hydropower engineering, proposed that the JV modes can be divided into domestic and international union, tight mode, half-tight mode, loose mode, incorporation and consortium. Furthermore, we analyzed the advantages and disadvantages of Joint Venture. Put forward that the JV can relieve the owner from interfacial administrative work, reduce risk of engineering, and raise the success rate of engineering contract, improve the correctness of price and increase the opportunity of project contracting, Learn from other members, enhance technology and management and make full use of idle resources

Technology programs and related policies - Impacts on communications satellite business ventures

Science.gov (United States)

Greenberg, J. S.

1985-01-01

The DOMSAT II stochastic communication satellite business venture financial planning simulation model is described. The specification of business scenarios and the results of several analyses are presented. In particular, the impacts of NASA on-orbit propulsion and power technology programs are described. The effects of insurance rates and self-insurance and of the use of the Space Shuttle and Ariane transportation systems on a typical fixed satellite service business venture are discussed.

Geothermal energy in California: Status report

Energy Technology Data Exchange (ETDEWEB)

Citron, O.; Davis, C.; Fredrickson, C.; Granit, R.; Kerrisk, D.; Leibowitz, L.; Schulkin, B.; Wornack, J.

1976-06-30

The potential for electric energy from geothermal resources in California is currently estimated to be equivalent to the output from 14 to 21 large (1000 MW) central station power plants. In addition, since over 30 California cities are located near potential geothermal resources, the non-electric applications of geothermal heat (industrial, agriculture, space heating, etc.) could be enormous. Therefore, the full-scale utilization of geothermal resources would have a major impact upon the energy picture of the state. This report presents a summary of the existing status of geothermal energy development in the state of California as of the early part of 1976. The report provides data on the extent of the resource base of the state and the present outlook for its utilization. It identifies the existing local, state, and federal laws, rules and regulations governing geothermal energy development and the responsibilities of each of the regulatory agencies involved. It also presents the differences in the development requirements among several counties and between California and its neighboring states. Finally, it describes on-going and planned activities in resource assessment and exploration, utilization, and research and development. Separate abstracts are prepared for ERDA Energy Research Abstracts (ERA) for Sections II--VI and the three Appendixes.

Is the Philippine geothermal resource sustainable?

International Nuclear Information System (INIS)

Lalo, J.; Raymundo, E.

2005-01-01

This paper aims to illustrate the scenario in the Geothermal Energy Development Projects in the Philippines, to make the Filipino population aware that there is an existing cleaner technology available that is being utilized in Europe; for the Philippine geothermal energy project operators to adapt a cleaner production technology that has no harmful emission, hence, no pollution technology; to help end the conflict between stake holders and geothermal players through the introduction of cleaner production technology intervention. While it is a fact that the Philippines' Geothermal resource is second to U.S. or around the globe, the unwise utilization of geothermal energy may lead to depletion, hence, becomes non-renewable. It should be understood that the geothermal energy is a renewable resource only if the development process is sustainable. There is a need to educate the Filipino populace regarding a cleaner production technology as well as our government and political leaders. This cleaner production technology is a solution to the stake holders. It is of great importance to inform the Filipino people that there is an existing cleaner new technology from Europe and U.S. that is not pollutive in nature and is essentially sustainable development scheme since underground reservoirs are not depleted in the process. (author)

15 CFR 295.25 - Special rule for the valuation of transfers between separately-owned joint venture members.

Science.gov (United States)

2010-01-01

... transfers between separately-owned joint venture members. 295.25 Section 295.25 Commerce and Foreign Trade...-Led Joint Research and Development Ventures § 295.25 Special rule for the valuation of transfers between separately-owned joint venture members. (a) Applicability. This section applies to transfers of...

Technology transfer--the rôle of venture capital.

Science.gov (United States)

Morgan, P W

1987-01-01

In summary, let me say that the transfer of technology can be managed successfully. In the context of 3i as a whole, we have supported 1600 start-ups in the last five years although, obviously, not necessarily in high-tech industries. In 1987 3i Ventures fully expects to invest a further few million pounds in either start-ups or pre-stock market companies within the health-care and biotechnology sectors. It requires that everyone involved, including the venture capitalist, fulfils their rôle with commitment. It can be a difficult and lengthy process, but it can also be fun and very rewarding.

Technology assessment of geothermal energy resource development

Energy Technology Data Exchange (ETDEWEB)

1975-04-15

Geothermal state-of-the-art is described including geothermal resources, technology, and institutional, legal, and environmental considerations. The way geothermal energy may evolve in the United States is described; a series of plausible scenarios and the factors and policies which control the rate of growth of the resource are presented. The potential primary and higher order impacts of geothermal energy are explored, including effects on the economy and society, cities and dwellings, environmental, and on institutions affected by it. Numerical and methodological detail is included in appendices. (MHR)

Environmental impact in geothermal fields

International Nuclear Information System (INIS)

Birkle, P.; Torres R, V.; Gonzalez P, E.; Guevara G, M.

1996-01-01

Generally, water exploitation and deep steam of geothermal fields may be cause of a pollution potential on the surface, specially by the chemical composition of geothermal water which has a high concentration of minerals, salts and heavy metals. The utilization of stable isotopes as deuterium and oxygen 18 as radioactive tracers and water origin indicators allow to know the trajectories and sources of background waters as well as possible moistures between geothermal waters and meteoric waters. Some ions such as chlorides and fluorides present solubilities that allow their register as yet long distances of their source. (Author)

Soviet efforts to attract foreign E and P investment through joint ventures

International Nuclear Information System (INIS)

Gochenour, D.T.

1991-01-01

This paper reports that since 1987, Soviet efforts to attract Western E and P investment have been evolving through the framework provided by the 1987 Joint-Venture Law. While this law and dozen or so regular acts, decrees, and amendments have sought to stimulate interest, they have failed to address significant failings in the Soviet Union's institutional organization of the petroleum industry. While we anticipate that institutional authority will continue to devolve away from the All-Union central control in Moscow to the republican authorities, many obstacles to investors still have not been addressed by the joint-venture laws. Among these are the export regime, fiscal regime (which we expect will get stiffer), and the rules for joint-venture capitalization and valuation

Geothermal Program Review XI: proceedings. Geothermal Energy - The Environmental Responsible Energy Technology for the Nineties

Energy Technology Data Exchange (ETDEWEB)

1993-10-01

These proceedings contain papers pertaining to current research and development of geothermal energy in the USA. The seven sections of the document are: Overview, The Geysers, Exploration and Reservoir Characterization, Drilling, Energy Conversion, Advanced Systems, and Potpourri. The Overview presents current DOE energy policy and industry perspectives. Reservoir studies, injection, and seismic monitoring are reported for the geysers geothermal field. Aspects of geology, geochemistry and models of geothermal exploration are described. The Drilling section contains information on lost circulation, memory logging tools, and slim-hole drilling. Topics considered in energy conversion are efforts at NREL, condensation on turbines and geothermal materials. Advanced Systems include hot dry rock studies and Fenton Hill flow testing. The Potpourri section concludes the proceedings with reports on low-temperature resources, market analysis, brines, waste treatment biotechnology, and Bonneville Power Administration activities. Selected papers have been indexed separately for inclusion in the Energy Science and Technology Database.

Geothermal resources in the Republic of Macedonia

International Nuclear Information System (INIS)

Micevski, Eftim; Georgieva, Mirjana; Petrovski, Kiro; Lonchar, Ilija

1995-01-01

The Republic of Macedonia is situated in the central part of the Balcan Peninsula and covers a surface of 25. 713 km 2 Its territory is found in one of the most significant geothermal zones in this part of Balkans. The earths crust in this region suffers poli phase structural deformations, which as a result gives different structural features. The geothermal explorations in the Republic of Macedonia intensively started to conduct after 1970, after the first effects of the energy crisis. As a result of these explorations, more than 50 springs of mineral and thermo mineral waters with a total yield of more than 1.400 I./sec. And proved exploitation reservoirs of more than 1.000 I./sec. with temperatures higher than the medium year seasons hesitations for this part of the Earth in the boundaries of 20-75 o C with significant quantities of geothermal energy. This paper will shortly present the available geothermal resources and classification, according the type of geothermal energy, hydro geothermal, lithogeothermal and according the way of transport of the geothermal energy, convective and conductive systems. The next will present short descriptions of the resources, the degree of exploitation and the prognosis dimensions of the reservoirs. (Original)

Sustainable Development of Geothermal Industry in China: An Overview

Directory of Open Access Journals (Sweden)

Xu Bang

2016-01-01

Full Text Available With a wide distribution, large reserves, low cost, sustainable energy use and environmental protection and other unparalleled advantages, geothermal energy resources is important for China’s energy structure adjustment, energy conservation and environment improvement. Currently, geothermal utilization in China is still in its infancy, and Sustainable Development of the geothermal industry is also having a lot of problems. In this paper, the current research on sustainable development of geothermal industry focuses on two aspects: 1. the current situation of geothermal industry development and existing problems, 2. the current situation of sustainable development of the geothermal industry. On the basis of the review, some suggestions for further study on the sustainable development of geothermal industry are put forward.

Development of geothermal resources

Energy Technology Data Exchange (ETDEWEB)

NONE

1995-09-01

This paper describes the geothermal development promotion survey project. NEDO is taking the lead in investigation and development to reduce risks for private business entities and promote their development. The program is being moved forward by dividing the surveys into three ranks of A, B and C from prospects of geothermal resource availability and the state of data accumulation. The survey A lacks number of data, but covers areas as wide as 100 to 300 km{sup 2}, and studies possible existence of high-temperature geothermal energy. The survey B covers areas of 50 to 70 km{sup 2}, investigates availability of geothermal resources, and assesses environmental impacts. The survey C covers areas of 5 to 10 km{sup 2}, and includes production well drilling and long-term discharge tests, other than those carried out by the surveys A and B. Results derived in each fiscal year are evaluated and judged to establish development plans for the subsequent fiscal year. This paper summarizes development results on 38 areas from among 45 areas surveyed since fiscal 1980. Development promotion surveys were carried out over seven areas in fiscal 1994. Development is in progress not only on utilization of high-temperature steam, but also on binary cycle geothermal power generation utilizing hot waters of 80 to 150{degree}C. Fiscal 1994 has carried out discussions for spread and practical use of the systems (particularly on economic effects), and development of small-to-medium scale binary systems. 2 figs., 1 tab.

Development of Genetic Occurrence Models for Geothermal Prospecting

Science.gov (United States)

Walker, J. D.; Sabin, A.; Unruh, J.; Monastero, F. C.; Combs, J.

2007-12-01

Exploration for utility-grade geothermal resources has mostly relied on identifying obvious surface manifestations of possible geothermal activity, e.g., locating and working near steaming ground or hot springs. This approach has lead to the development of over 130 resources worldwide, but geothermal exploration done in this manner is akin to locating hydrocarbon plays by searching for oil seeps. Confining exploration to areas with such features will clearly not discover a blind resource, that is, one that does not have surface expression. Blind resources, however, constitute the vast majority of hydrocarbon plays; this may be the case for geothermal resources as well. We propose a geothermal exploration strategy for finding blind systems that is based on an understanding of the geologic processes that transfer heat from the mantle to the upper crust and foster the conditions for hydrothermal circulation or enhanced geothermal exploration. The strategy employs a genetically based screening protocol to assess potential geothermal sites. The approach starts at the plate boundary scale and progressively focuses in on the scale of a producing electrical-grade field. Any active margin or hot spot is a potential location for geothermal resources. Although Quaternary igneous activity provides a clear indication of active advection of hot material into the upper crust, it is not sufficient to guarantee a potential utility-grade resource. Active faulting and/or evidence of high strain rates appear to be the critical features associated with areas of utility-grade geothermal potential. This is because deformation on its own can advect sufficient heat into the upper crust to create conditions favorable for geothermal exploitation. In addition, active deformation is required to demonstrate that open pathways for circulation of geothermal fluids are present and/or can be maintained. The last step in the screening protocol is to identify any evidence of geothermal activity

Designing an International Joint Venture Negotiation Game.

Science.gov (United States)

Kenkel, Phil; And Others

1996-01-01

Evaluates a simulation game that models management problems encountered in negotiating and managing international joint ventures. Designed to instruct executives of state-owned agribusinesses in Indonesia in abstract concepts such as partner rapport, transfer price conflicts, and marketing disagreements, its success suggests that simulation games…

Why Do European Venture Capital Companies Syndicate?

NARCIS (Netherlands)

S. Manigart (Sophie); J. Bruining (Hans); A. Lockett (Andy); M. Meuleman (Miguel)

2002-01-01

textabstractFinancial theory, resource-based theory and access to deal flow are used to explain syndication practices among European venture capital (VC) firms. The desire to share risk and increase portfolio diversification is a more important motive for syndication than the desire to access

Venture Fund Fueling Push for New Schools

Science.gov (United States)

Robelen, Erik W.

2007-01-01

The NewSchools Venture Fund is a non-profit organization with a mission to "transform public education through powerful ideas and passionate entrepreneurs", support education entrepreneurs who are working to better serve disadvantaged children, and provide "thought leadership" to help bring about "broad systematic…

Synergy potential for oil and geothermal energy exploitation

DEFF Research Database (Denmark)

Ziabakhsh-Ganji, Zaman; Nick, Hamidreza M.; Donselaar, Marinus E.

2018-01-01

A new solution for harvesting energy simultaneously from two different sources of energy by combining geothermal energy production and thermal enhanced heavy oil recovery is introduced. Numerical simulations are employed to evaluate the feasibility of generating energy from geothermal resources...... and feasibility analyses of the synergy potential of thermally-enhanced oil recovery and geothermal energy production are performed. A series of simulations are carried out to examine the effects of reservoir properties on energy consumption and oil recovery for different injection rates and injection temperature...... the geothermal energy could make the geothermal business case independent and may be a viable option to reduce the overall project cost. Furthermore, the results display that the enhance oil productions are able to reduce the required subsidy for a single doublet geothermal project up to 50%....

Geothermal publications list for Geopowering the West States

Energy Technology Data Exchange (ETDEWEB)

None

2004-12-01

A list of geothermal publications is provided for each of the states under the ''GeoPowering the West'' program. They are provided to assist the various states in developing their geothermal resources for direct-use and electric power applications. Each state publication list includes the following: (1) General papers on various direct-uses and electric power generation available from the Geo-Heat Center either by mail or on-line at: http://geoheat.oit.edu. (2) General Geo-Heat Center Quarterly Bulletin articles related to various geothermal uses--also available either by mail or on-line; (3) Publications from other web sites such as: Geothermal-Biz.com; NREL, EGI, GEO and others ; and (4) Geothermal Resources Council citations, which are available from their web site: www.geothermal.org.

A complementary geothermal application

International Nuclear Information System (INIS)

Bedard, R.

1998-01-01

A geothermal project for air conditioning and heating at four health centres in Quebec was presented. The four health centres are: le centre Dominique-Tremblay, le centre Cardinal-Villeneuve, le centre Louis-Hebert, et le centre Francois-Charon. The investment made to install the geothermal heating and cooling system, the cost of operating the system, and energy savings resulting from the investment were discussed

A hybrid geothermal energy conversion technology: Auxiliary heating of geothermally preheated water or CO2 - a potential solution for low-temperature resources

Science.gov (United States)

Saar, Martin; Garapati, Nagasree; Adams, Benjamin; Randolph, Jimmy; Kuehn, Thomas

2016-04-01

Safe, sustainable, and economic development of deep geothermal resources, particularly in less favourable regions, often requires employment of unconventional geothermal energy extraction and utilization methods. Often "unconventional geothermal methods" is synonymously and solely used as meaning enhanced geothermal systems, where the permeability of hot, dry rock with naturally low permeability at greater depths (4-6 km), is enhanced. Here we present an alternative unconventional geothermal energy utilization approach that uses low-temperature regions that are shallower, thereby drastically reducing drilling costs. While not a pure geothermal energy system, this hybrid approach may enable utilization of geothermal energy in many regions worldwide that can otherwise not be used for geothermal electricity generation, thereby increasing the global geothermal resource base. Moreover, in some realizations of this hybrid approach that generate carbon dioxide (CO2), the technology may be combined with carbon dioxide capture and storage (CCS) and CO2-based geothermal energy utilization, resulting in a high-efficiency (hybrid) geothermal power plant with a negative carbon footprint. Typically, low- to moderate-temperature geothermal resources are more effectively used for direct heat energy applications. However, due to high thermal losses during transport, direct use requires that the heat resource is located near the user. Alternatively, we show here that if such a low-temperature geothermal resource is combined with an additional or secondary energy resource, the power production is increased compared to the sum from two separate (geothermal and secondary fuel) power plants (DiPippo et al. 1978) and the thermal losses are minimized because the thermal energy is utilized where it is produced. Since Adams et al. (2015) found that using CO2 as a subsurface working fluid produces more net power than brine at low- to moderate-temperature geothermal resource conditions, we

Vegetation component of geothermal EIS studies: Introduced plants, ecosystem stability, and geothermal development

International Nuclear Information System (INIS)

1994-10-01

This paper contributes new information about the impacts from introduced plant invasions on the native Hawaiian vegetation as consequences of land disturbance and geothermal development activities. In this regard, most geothermal development is expected to act as another recurring source of physical disturbance which favors the spread and maintenance of introduced organisms throughout the region. Where geothermal exploration and development activities extend beyond existing agricultural and residential development, they will become the initial or sole source of disturbance to the naturalized vegetation of the area. Kilauea has a unique ecosystem adapted to the dynamics of a volcanically active landscape. The characteristics of this ecosystem need to be realized in order to understand the major threats to the ecosystem and to evaluate the effects of and mitigation for geothermal development in Puna. The native Puna vegetation is well adapted to disturbances associated with volcanic eruption, but it is ill-adapted to compete with alien plant species in secondary disturbances produced by human activities. Introduced plant and animal species have become a major threat to the continued presence of the native biota in the Puna region of reference

Vegetation component of geothermal EIS studies: Introduced plants, ecosystem stability, and geothermal development

Energy Technology Data Exchange (ETDEWEB)

NONE

1994-10-01

This paper contributes new information about the impacts from introduced plant invasions on the native Hawaiian vegetation as consequences of land disturbance and geothermal development activities. In this regard, most geothermal development is expected to act as another recurring source of physical disturbance which favors the spread and maintenance of introduced organisms throughout the region. Where geothermal exploration and development activities extend beyond existing agricultural and residential development, they will become the initial or sole source of disturbance to the naturalized vegetation of the area. Kilauea has a unique ecosystem adapted to the dynamics of a volcanically active landscape. The characteristics of this ecosystem need to be realized in order to understand the major threats to the ecosystem and to evaluate the effects of and mitigation for geothermal development in Puna. The native Puna vegetation is well adapted to disturbances associated with volcanic eruption, but it is ill-adapted to compete with alien plant species in secondary disturbances produced by human activities. Introduced plant and animal species have become a major threat to the continued presence of the native biota in the Puna region of reference.

Geothermal energy - availability - economy - prospects

International Nuclear Information System (INIS)

Kappelmeyer, O.

1992-01-01

The heat contained in the earth's crust represents an inexhaustible reservoir of energy on the technical scale, which is available at all times of day and at all seasons. In the volcanically active zones, the earth's heat is used industrially: Worldwide, the electrical power of geothermal powerstations is about 5000 MW; in addition, about 10,000 MW are used for direct thermal applications (heating) in regions with normal geothermal conditions. The geothermal power plants have been expanded at an annual rate of 12.2% since 1970. In many developing countries, the geothermal energy is the most important home source of energy for electricity generation. In Europe, in the Paris Basin, hot groundwater is pumped from a depth of about 2 km and is used for heating blocks of flats. In France as a whole, about 170,000 flats have been supplied with heat and hot water from underground for more than a decade. (orig./DG) [de

Swiss geothermal energy update 1985 - 1990

International Nuclear Information System (INIS)

Rybach, L.; Hauber, L.

1990-01-01

Since 1985, geothermal R and D has evolved steadily in Switzerland. REgional low-enthalphy exploration and resource assessment are largely complete; emphasis is now on drilling and development. Vertical earth-heat exchangers (small-scale, decentralized, heat pump-coupled heating facilities) increase rapidly in number; the governmental system of risk coverage for geothermal drilling, established in 1987, gives rise to several drilling projects. Of these, a single well and a doublet have been successfully completed so far. Numerical modeling of coupled thermohydraulic processes in fracture-dominate Hot Dry Rock systems including rock-mechanics aspects, is in progress. In this paper some further efforts such as contributions to general geothermics, exploration and resource assessment activities in Switzerland, and financing of geothermal development abroad by Swiss banks are described

El Control y la Confianza: dos rivales en las "International Joint Ventures"

Directory of Open Access Journals (Sweden)

Francisco Puig Blanco

2013-02-01

Full Text Available Las empresas conjuntas internacionales(International Joint Ventures se caracterizan pordos factores íntimamente relacionados: el control y eloportunismo. En este trabajo, trataremos de analizarla relación entre ambos factores y estudiaremos quétipos de control ayudarían a prevenir o a reducirel oportunismo en este tipo de empresas. Además,trataremos de identificar las ventajas e inconvenientesasociados al control y analizaremos el caso de unaInternational Joint Venture formada por dos empresas,una española y la otra americana, cuyo fracaso se debió,en gran parte, a la ausencia de control (confianza y aloportunismo.   ABSTRACT International Joint Ventures are distinguished bytwo closely related factors: control and opportunism.In this paper we will try to analyze the relationshipbetween both factors and we will study what controlswould help prevent or reduce opportunism in thisclass of enterprises. Besides, we will attempt to identifythe advantages and inconveniences associated withcontrol, and analyze one case of an International JointVenture comprised by two companies, a Spanish and anAmerican one whose failure was largely due to lack ofcontrol (trust and opportunism.

Geothermal studies of seven interior salt domes

International Nuclear Information System (INIS)

1983-06-01

This report defines and compares the geothermal environments of eight selected Gulf Coast salt domes. The thermal regimes in and around Gulf Coast salt domes are not well documented. The data base used for this study is an accumulation of bottom-hole temperature readings from oil and gas exploration wells and temperature logs run for the National Waste Terminal Storage (NWTS) program. The bottom-hole tempreatures were corrected in order to estimate the actual geothermal environments. Prior thermal studies and models indicate temperatures in and around salt domes are elevated above the norm by 1 0 F to 25 0 F. Using existing geothermal data and accepted theory, geothermal gradients for the selected domes and surrounding sediments were estimated. This study concludes that salt domes within a given basin have similar geothermal gradients, but that the basins differ in average geothermal gradients. This relationship is probably controlled by deep basement structural trends. No evidence of residual heat of emplacement was found associated with any of the selected domes

Isotope study in geothermal fields in Java Island

International Nuclear Information System (INIS)

Wandowo, Z.A.

1995-01-01

Study in two geothermal fields, Dieng and Kamojang, in Java island by utilizing isotope technique has been carried out. Isotopic data of wells, springs and other geothermal manifestations providing informations on the recharge area of precipitation contributed to geothermal resources, flow paths and origin of geothermal fluids. The data of oxygen shift has also provided information on the characteristic the fields. (author). 8 refs, 5 figs, 3 tabs

76 FR 39645 - Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than $150...

Science.gov (United States)

2011-07-06

... Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than $150 Million in Assets... Investment Advisers Registration Act of 2010--the new rules define ``venture capital fund'' and provide an... Venture Capital Strategy 8. Is a Private Fund 9. Application to Non-U.S. Advisers 10. Grandfathering...

Evaluation of geothermal energy in Arizona. Arizona geothermal planning/commercialization team. Quarterly topical progress report, July 1-September 30, 1980

Energy Technology Data Exchange (ETDEWEB)

White, D.H.; Mancini, F.; Goldstone, L.A.; Malysa, L.

1980-01-01

Progress is reviewed on the following: area development plans, evaluation of geothermal applications, continued evaluation of geothermal resources, engineering and economic analyses, technical assistance in the state of Arizona, the impact of various growth patterns upon geothermal energy development, and the outreach program. (MHR)

Private equity and venture capital: investment fund structures in the Czech Republic

Directory of Open Access Journals (Sweden)

Marek Zinecker

2011-01-01

Full Text Available A working private equity and venture capital market (PE/VC market stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6 defines prerequisites for a correct operation of the PE/VC market. It views the legislative provision for suitable legal fund structures for PE/VC investments and their tax treatment as a key factor. In its publication, Private Equity & Venture Capital in the Czech Republic (2010, p. 14, the Czech Venture Capital Association/CVCA stresses that legal barriers are an important reason behind the limited scope of resources available to domestic PE/VC funds. Legal barriers prevent the establishment of a standard PE/VC fund in the territory of the Czech Republic, which fact in turn has a negative impact on the level of development of the domestic PE/VC market (fundraising, investment volumes, establishment of the infrastructure required for the operation of PE/VC funds. The purpose of this article is, based on an analysis of the relevant information sources, to assess how the current Czech legislation regulates the legal fund structures for PE/VC investments and their tax treatment. Proposals for a potential improvement of the situation are based on a comparison of the legislative framework applicable in the Czech Republic and the requirements defined by the European Venture Capital Association/EVCA, as well as the AVCO study (2004, 2006.

Multipurpose Use of Geothermal Energy

Energy Technology Data Exchange (ETDEWEB)

Lienau, Paul J.; Lund, John W. (eds.)

1974-10-09

The conference was organized to review the non-electric, multipurpose uses of geothermal energy in Hungary, Iceland, New Zealand, United States and the USSR. The international viewpoint was presented to provide an interchange of information from countries where non-electric use of geothermal energy has reached practical importance.

Third Party Referrals in the Venture Capital Financing Process: Do Network Ties Matter?

NARCIS (Netherlands)

Heuven, J.M.J.

2008-01-01

In this paper we focus on the role of third party referrals in the venture capital funding process. Taking network theory as our theoretical perspective we explore if and how third parties play a role in the funding process. Hereby we focus on both the network ties between new venture teams and

Economic Valuation of a Geothermal Production Tax Credit

Energy Technology Data Exchange (ETDEWEB)

Owens, B.

2002-04-01

The United States (U.S.) geothermal industry has a 45-year history. Early developments were centered on a geothermal resource in northern California known as The Geysers. Today, most of the geothermal power currently produced in the U.S. is generated in California and Nevada. The majority of geothermal capacity came on line during the 1980s when stable market conditions created by the Public Utility Regulatory Policies Act (PURPA) in 1978 and tax incentives worked together to create a wave of geothermal development that lasted until the early 1990s. However, by the mid-1990s, the market for new geothermal power plants began to disappear because the high power prices paid under many PURPA contracts switched to a lower price based on an avoided cost calculation that reflected the low fossil fuel-prices of the early 1990s. Today, market and non-market forces appear to be aligning once again to create an environment in which geothermal energy has the potential to play an important role in meeting the nation's energy needs. One potentially attractive incentive for the geothermal industry is the Production Tax Credit (PTC). The current PTC, which was enacted as part of the Energy Policy Act of 1992 (EPAct) (P.L. 102-486), provides an inflation-adjusted 1.5 cent per kilowatt-hour (kWh) federal tax credit for electricity produced from wind and closed-loop biomass resources. Proposed expansions would make the credit available to geothermal and solar energy projects. This report focuses on the project-level financial impacts of the proposed PTC expansion to geothermal power plants.

Federal Geothermal Research Program Update Fiscal Year 2000

Energy Technology Data Exchange (ETDEWEB)

Renner, J.L.

2001-08-15

The Department of Energy's Geothermal Program serves two broad purposes: (1) to assist industry in overcoming near-term barriers by conducting cost-shared research and field verification that allows geothermal energy to compete in today's aggressive energy markets; and (2) to undertake fundamental research with potentially large economic payoffs. The four categories of work used to distinguish the research activities of the Geothermal Program during FY 2000 reflect the main components of real-world geothermal projects. These categories form the main sections of the project descriptions in this Research Update. Exploration Technology research focuses on developing instruments and techniques to discover hidden hydrothermal systems and to explore the deep portions of known systems. Research in geophysical and geochemical methods is expected to yield increased knowledge of hidden geothermal systems. Reservoir Technology research combines laboratory and analytical investigations with equipment development and field testing to establish practical tools for resource development and management for both hydrothermal reservoirs and enhanced geothermal systems. Research in various reservoir analysis techniques is generating a wide range of information that facilitates development of improved reservoir management tools. Drilling Technology focuses on developing improved, economic drilling and completion technology for geothermal wells. Ongoing research to avert lost circulation episodes in geothermal drilling is yielding positive results. Conversion Technology research focuses on reducing costs and improving binary conversion cycle efficiency, to permit greater use of the more abundant moderate-temperature geothermal resource, and on the development of materials that will improve the operating characteristics of many types of geothermal energy equipment. Increased output and improved performance of binary cycles will result from investigations in heat cycle research.

Investigation of the Effect of Cultural Adaptation on International Joint Venture Performance

OpenAIRE

ÖZORHON, Beliz; ALTUN, Hasan

2017-01-01

Internationaljoint ventures (IJVs) have a great importance as a strategic alternative inglobal competition. Cultural differences between partners from differentcountries may cause lower performance levels in such ventures. The majorobjective of this study is to investigate the influence of national andorganizational culture adaptation of partnerson the IJV performance. In this respect, a questionnaire survey wasadministered to medium to large scale contractors,thgat are members of the Turkish...

Combinations of partners’ joint venture formation motives

NARCIS (Netherlands)

Klijn, E.; Reuer, J.J.; Buckley, P.J.; Glaister, K.W.

2011-01-01

Purpose – Prior research on joint venture (JV) formation often examines a single focal firm and assumes it has a single motive for collaboration. This study seeks to investigate how formation motives of partner firms are symmetrically coupled. It considers motives in the context of different

Venture capitalists as gatekeepers for biotechnological innovation

NARCIS (Netherlands)

Fernald, Kenneth; Hoeben, Ruud; Claassen, H.J.H.M.

2015-01-01

Venture capitalists (VCs) aim at trade sales as a preferred exit-strategy for biotechnology companies they invest in. Therefore, VCs pay close attention to the wishes of larger (bio)pharmaceutical acquirers. In this paper we explore VCs' behavior and strategies by analyzing the technology fields and

Institutional Venture Capital for the Space Industry: Providing Risk Capital for Space Companies that Provide Investor Returns

Science.gov (United States)

Moore, Roscoe M., III

2002-01-01

provided by an institution. Those institutions tend to be Banks, Pension Funds, Insurance Funds, Corporations, and other incorporated entities that are obligated to earn a return on their invested capital. These institutions invest in a venture capital firm for the sole purpose of getting their money back with a healthy profit - within a set period of time. The venture capital firm is responsible for investing in and managing companies whose risk and return are higher than other less risky classes of investment. The venture capital firm's primary skill is its ability to manage the high risk of its venture investments while maintaining the high return potential of its venture investments. to businesses for the purpose of providing the above-mentioned Institutions a substantial return on their invested capital. Institutional Venture Capital for the Space Industry cannot be provided to projects or companies whose philosophy or intention is not to increase shareholder equity value within a set time period. efficiently when tied up in companies that intend to spend billions of dollars before the first dollar of revenue is generated. If 2 billion dollars of venture capital is invested in the equity of a Space Company for a minority equity position, then that Space Company must build that minority shareholder's equity value to a minimum investment return of 4 to 8 billion dollars. There are not many start-up companies that are able to reach public market equity valuations in the tens of billions of dollars within reasonable time horizons. Foundations, Manufacturers, and Strategic Investors can invest in projects that cannot realistically provide a substantial return on their equity to their investors within a reasonable period (5-7 years) of time. Venture Capitalists have to make money. Venture capitalists have made money on Satellite Television, Satellite Radio, Fixed Satellite Services, and other businesses. Venture capitalists have not made money on stand

Geothermal heat; Energie aus der Tiefe. Geothermie

Energy Technology Data Exchange (ETDEWEB)

Urban, Karl

2012-09-15

The temperature in the interior of the earth increases with the depth. But for a long time, the geothermal energy only could be used at selected locations. Therefore, almost all major geothermal power plants are located at volcanic regions. The potential of the geothermal energy is not exhausted. Currently, many new power plants are developed. Although there is no volcanic activity in Germany, also some pilot plants develop the hot surface. The deep geothermal energy sometimes is difficult to be controlled. Before drilling experts rarely know how productive the subsoil is. Also, the drillings may trigger small earthquakes.

Status of geothermal development in Hawaii - 1992

International Nuclear Information System (INIS)

Lesperance, G.O.

1992-01-01

Hawaii plans that geothermal will be a significant part of its energy mix to reduce its 90% dependency on imported oil for its electricity. The resource on the Big Island of Hawaii appears promising. However, the geothermal program in Hawaii continues to face stiff opposition from a few people who are determined to stop development at any cost. The efforts of geothermal developers, together with the State and County regulatory framework have inadvertently created situations that have impeded progress. However, after a 20-year effort the first increment of commercial geothermal energy is expected on line in 1992

Fiscal 1995 verification survey of geothermal exploration technology. Report on a deep geothermal resource survey; 1995 nendo chinetsu tansa gijutsu nado kensho chosa. Shinbu chinetsu shigen hokokusho

Energy Technology Data Exchange (ETDEWEB)

NONE

1996-06-01

For the purpose of reducing the risk of deep geothermal resource development, the paper investigated three factors for the formation of geothermal resource in the deep underground, that is, heat supply from heat source, supply of geothermal fluids, and the developmental status of fracture systems forming reservoir structures. The survey further clarified the status of existence of deep geothermal resource and the whole image of the geothermal system including shallow geothermal energy in order to research/study usability of deep geothermal resource. In the deep geothermal resource survey, drilling/examination were made of a deep geothermal exploration well (`WD-1,` target depth: approximately 3,000-4,000m) in the already developed area, with the aim of making rationalized promotion of the geothermal development. And the status of existence of deep geothermal resource and the whole image of the geothermal system were clarified to investigate/study usability of the geothermal system. In fiscal 1995, `WD-1` in the Kakkonda area reached a depth of 3,729m. By this, surveys were made to grasp the whole image of the shallow-deep geothermal system and to obtain basic data for researching usability of deep geothermal resource. 22 refs., 531 figs., 136 tabs.

What differences in the cultural backgrounds of partners are detrimental for international joint ventures?

NARCIS (Netherlands)

H.G. Barkema (Harry); G.A.M. Vermeulen (Freek)

1997-01-01

textabstractAn international joint venture implies that a firm has to cooperate with a partner with a different cultural background. In this study, hypotheses about which differences in national culture are most disruptive for international joint ventures were developed and tested using Hofstede's

How lead founder personality affects new venture performance : the mediating role of team conflict

NARCIS (Netherlands)

Jong, de A.; Song, M.; Song, L.Z.

2013-01-01

This empirical study of 323 new ventures examines how task and relationship conflict in the founding top management team mediates the effect of lead founder personality on new venture performance. The results reveal that (1) openness and agreeableness increase task conflict, whereas

How Lead Founder Personality Affects New Venture Performance: The Mediating Role of Team Conflict

NARCIS (Netherlands)

de Jong, Ad; Song, Michael; Song, Lisa Z.

2013-01-01

This empirical study of 323 new ventures examines how task and relationship conflict in the founding top management team mediates the effect of lead founder personality on new venture performance. The results reveal that (1) openness and agreeableness increase task conflict, whereas

Venture Leaders Prize for innovative technology projects

CERN Multimedia

2006-01-01