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# Theoretical Basis for GEOPHIRES
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This document describes the foundational theoretical basis for GEOPHIRES, adapted from the 2019 paper, "[GEOPHIRES v2.0: updated geothermal techno-economic simulation tool](https://doi.org/10.1186/s40517-019-0119-6)" by Koenraad F. Beckers & Kevin McCabe. The core theories described here remain valid and relevant to the current software.
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This document describes the foundational theoretical basis for GEOPHIRES, adapted from the 2019 paper "[GEOPHIRES v2.0: updated geothermal techno-economic simulation tool](https://doi.org/10.1186/s40517-019-0119-6)" by Koenraad F. Beckers & Kevin McCabe. The core theories described here remain valid and relevant to the current software.
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However, the text has not been comprehensively updated to include the theory for features added in GEOPHIRES v3 (GEOPHIRES-X) and later.
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While pointers to the documentation for newer models have been added, the detailed technical descriptions herein still pertain to v2.0.
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