Estimation and Analysis of Life Cycle Costs of Baseline Enhanced Geothermal Systems Geothermal Project

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Last modified on July 22, 2011.

Project Title Estimation and Analysis of Life Cycle Costs of Baseline Enhanced Geothermal Systems
Project Type / Topic 1 Recovery Act: Enhanced Geothermal Systems Component Research and Development/Analysis
Project Type / Topic 2 Geothermal Analysis
Project Description In pursuit of the goal of reducing EGS costs, this project will facilitate the following:

- A clear understanding of the current cost structure - Its dependence on markets - The benefits of innovation - The impact of synergistic process configurations, and - Widespread dissemination of the findings for use by the geothermal community

State Texas
Objectives - Develop a highly granular component-wise cost breakdown of EGS with an assessment of the major cost drivers.


- Evaluate market, supply, and demand economics for each cost component, e.g., by technology, region, and vendor.
- Estimate cost implications of innovation by forecasting technology evolution profiles based on patent analytics and analysis of R&D efforts around the major EGS (or analogous) cost components.
- Explore emerging technology and process configurations around EGS and their impact on life cycle costs of baseline EGS.
- Disseminate project findings widely including integration with student research and teaching curricula, workshops with EGS vendors and community, R&D road maps, and investment and policy recommendations.

Awardees (Company / Institution) Adi Analytics, LLC


Partner 1 Pennsylvania State University
Partner 2 Scitech Patent Art Services Inc





Funding Opportunity Announcement DE-FOA-0000075
DOE Funding Level (total award amount) $1,335,727.00
Awardee Cost Share $339,452.00
Total Project Cost $1,675,179.00


Principal Investigator(s) Uday Turaga, Adi Analytics LLC
Other Principal Investigators Derek Elsworth, Penn State University and Sarma Pisupati, Penn State University.
Targets / Milestones - Identification of most expensive components


- Impact of each component on LCOE
- Identification of component-wise cost reduction targets for parity with coal and natural gas
- Assessment of market economics for potential new entrants
- Forecasts of technology evolution and learning curves for key cost components
- Identification of economic, environmental, and efficiency benefits of IGCC-EGS configurations
- Development of skills and capabilities in students and professionals for “green” careers
- Maintain a comprehensive project web site to publish updates and reports in a timely fashion



Location of Project Houston, TX


Impacts The project will develop a highly granular assessment of capital costs by market penetration for EGS with an assessment of the major cost drivers; evaluate market, supply, and demand economics for capital costs; estimate capital cost implications of innovation by forecasting technology evolution profiles based on patent analytics and analysis of R&D efforts around the major EGS (or analogous) components; explore emerging technology and process configurations around EGS and their impact on capital costs; and disseminate project findings widely including integration with student research and teaching curricula, workshops with EGS vendors and community, R&D road maps, and investment and policy recommendations. According to the application, there will be 8 jobs created and/or retained by the project.Need to add very clear stage gates to ensure that Dr. Turaga collects the most suitable information for establishing EGS techno-economic data based on emerging field data.
Funding Source American Recovery and Reinvestment Act of 2009
References EERE Geothermal Technologies Programs[1]

References

  1. EERE Geothermal Technologies Programs