Output Inflation costs during construction in ECONOMIC PARAMETERS after Accrued financing during construction for economic models that don't treat inflation costs as capital costs (non-SAM-EM)

Author: softwareengineerprogrammer

src/geophires_x/EconomicsUtils.py

@@ -139,8 +139,8 @@ def total_capex_parameter_output_parameter() -> OutputParameter:
         UnitType=Units.CURRENCY,
         CurrentUnits=CurrencyUnit.MDOLLARS,
         PreferredUnits=CurrencyUnit.MDOLLARS,
-        ToolTipText="The total capital expenditure (CAPEX) required to construct the plant. "
-                    "This value includes all direct and indirect costs, contingency, and any cost escalation from "
-                    "inflation during construction. It is used as the total installed cost input for "
-                    "SAM Economic Models."
+        ToolTipText='The total capital expenditure (CAPEX) required to construct the plant. '
+                    'This value includes all direct and indirect costs, and contingency. '
+                    'For SAM Economic models, it also includes any cost escalation from inflation during construction. '
+                    'It is used as the total installed cost input for SAM Economic Models.'
     )

src/geophires_x/Outputs.py

@@ -274,6 +274,20 @@ def PrintOutputs(self, model: Model):
                 acf_label = Outputs._field_label(acf.display_name, 49)
                 f.write(f'      {acf_label}{acf.value:10.2f} {acf.CurrentUnits.value}\n')
 
+                display_inflation_costs_in_economic_parameters: bool = (
+                    econ.econmodel.value in [EconomicModel.BICYCLE,
+                                             EconomicModel.FCR,
+                                             EconomicModel.STANDARDIZED_LEVELIZED_COST]
+                    and
+                    econ.inflation_cost_during_construction.value != 0.
+                )
+                if display_inflation_costs_in_economic_parameters:
+                    # Inflation cost is displayed here for economic models that don't treat inflation cost as a
+                    # capital cost
+                    icc: OutputParameter = econ.inflation_cost_during_construction
+                    icc_label = Outputs._field_label(icc.display_name, 49)
+                    f.write(f'      {icc_label}{icc.value:10.2f} {icc.CurrentUnits.value}\n')
+
                 f.write(f'      Project lifetime:                              {model.surfaceplant.plant_lifetime.value:10.0f} {model.surfaceplant.plant_lifetime.CurrentUnits.value}\n')
                 f.write(f'      Capacity factor:                                 {model.surfaceplant.utilization_factor.value * 100:10.1f} %\n')
 
@@ -497,11 +511,7 @@ def PrintOutputs(self, model: Model):
                         #  expenditure.
                         pass
 
-                display_inflation_during_construction_in_capital_costs = is_sam_econ_model \
-                    or (econ.econmodel.value in [EconomicModel.BICYCLE, EconomicModel.FCR,
-                                                EconomicModel.STANDARDIZED_LEVELIZED_COST]
-                        and
-                        econ.inflation_cost_during_construction.value != 0.)
+                display_inflation_during_construction_in_capital_costs = is_sam_econ_model
                 if display_inflation_during_construction_in_capital_costs:
                     icc_label = Outputs._field_label(econ.inflation_cost_during_construction.display_name, 47)
                     f.write(f'         {icc_label}{econ.inflation_cost_during_construction.value:10.2f} {econ.inflation_cost_during_construction.CurrentUnits.value}\n')

src/geophires_x_client/geophires_x_result.py

@@ -79,6 +79,8 @@ class GeophiresXResult:
                 'Nominal Discount Rate',
                 'WACC',
                 'Accrued financing during construction',
+                # Displayed for economic models that don't treat inflation costs as capital costs (non-SAM-EM)
+                'Inflation costs during construction',
                 'Project lifetime',
                 'Capacity factor',
                 'Project NPV',
@@ -261,6 +263,7 @@ class GeophiresXResult:
                 'Total surface equipment costs',
                 'Exploration costs',
                 'Investment Tax Credit',
+                # Displayed for economic models that treat inflation costs as capital costs (SAM-EM)
                 'Inflation costs during construction',
                 'Total Add-on CAPEX',
                 'Total capital costs',

src/geophires_x_schema_generator/geophires-result.json

@@ -20,7 +20,7 @@
         },
         "Total CAPEX": {
           "type": "number",
-          "description": "The total capital expenditure (CAPEX) required to construct the plant. This value includes all direct and indirect costs, contingency, and any cost escalation from inflation during construction. It is used as the total installed cost input for SAM Economic Models.",
+          "description": "The total capital expenditure (CAPEX) required to construct the plant. This value includes all direct and indirect costs, and contingency. For SAM Economic models, it also includes any cost escalation from inflation during construction. It is used as the total installed cost input for SAM Economic Models.",
           "units": "MUSD"
         },
         "Average Direct-Use Heat Production": {},
@@ -100,6 +100,11 @@
           "description": "The accrued inflation on total capital costs over the construction period, as defined by Inflation Rate During Construction. For SAM Economic Models, this is calculated automatically by compounding Inflation Rate over Construction Years if Inflation Rate During Construction is not provided.",
           "units": "%"
         },
+        "Inflation costs during construction": {
+          "type": "number",
+          "description": "The calculated amount of cost escalation due to inflation over the construction period.",
+          "units": "MUSD"
+        },
         "Project lifetime": {},
         "Capacity factor": {},
         "Project NPV": {
@@ -432,7 +437,7 @@
         "Annualized capital costs": {},
         "Total CAPEX": {
           "type": "number",
-          "description": "The total capital expenditure (CAPEX) required to construct the plant. This value includes all direct and indirect costs, contingency, and any cost escalation from inflation during construction. It is used as the total installed cost input for SAM Economic Models.",
+          "description": "The total capital expenditure (CAPEX) required to construct the plant. This value includes all direct and indirect costs, and contingency. For SAM Economic models, it also includes any cost escalation from inflation during construction. It is used as the total installed cost input for SAM Economic Models.",
           "units": "MUSD"
         },
         "Drilling Cost": {},

tests/examples/Fervo_Norbeck_Latimer_2023.out

@@ -6,8 +6,8 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
- Calculation Time:      0.476 sec
+ Simulation Time:  08:57
+ Calculation Time:      0.475 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -25,6 +25,7 @@ Simulation Metadata
 
       Economic Model = BICYCLE
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                   1.41 MUSD
       Project lifetime:                                      10 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                         -13.03 MUSD
@@ -103,7 +104,6 @@ Simulation Metadata
          Field gathering system costs:                        1.52 MUSD
          Total surface equipment costs:                      12.85 MUSD
          Exploration costs:                                   3.62 MUSD
-         Inflation costs during construction:                 1.41 MUSD
       Total capital costs:                                   28.12 MUSD
 
 

tests/examples/Fervo_Project_Cape-2.out

@@ -6,8 +6,8 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
- Calculation Time:      0.707 sec
+ Simulation Time:  08:57
+ Calculation Time:      0.709 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -25,6 +25,7 @@ Simulation Metadata
 
       Economic Model = BICYCLE
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                   2.54 MUSD
       Project lifetime:                                      15 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                          42.34 MUSD
@@ -101,7 +102,6 @@ Simulation Metadata
          Field gathering system costs:                        1.68 MUSD
          Total surface equipment costs:                      26.36 MUSD
          Exploration costs:                                   0.00 MUSD
-         Inflation costs during construction:                 2.54 MUSD
       Total capital costs:                                   50.76 MUSD
 
 

tests/examples/Fervo_Project_Cape-3.out

@@ -6,8 +6,8 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
- Calculation Time:      0.940 sec
+ Simulation Time:  08:57
+ Calculation Time:      0.951 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -25,6 +25,7 @@ Simulation Metadata
 
       Economic Model = BICYCLE
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                  53.65 MUSD
       Project lifetime:                                      20 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                        4580.36 MUSD
@@ -102,7 +103,6 @@ Simulation Metadata
          Total surface equipment costs:                     969.26 MUSD
          Exploration costs:                                  30.00 MUSD
          Investment Tax Credit:                            -459.83 MUSD
-         Inflation costs during construction:                53.65 MUSD
       Total capital costs:                                 1072.95 MUSD
 
 

tests/examples/Fervo_Project_Cape.out

@@ -6,8 +6,8 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
- Calculation Time:      0.707 sec
+ Simulation Time:  08:57
+ Calculation Time:      0.712 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -25,6 +25,7 @@ Simulation Metadata
 
       Economic Model = BICYCLE
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                  24.14 MUSD
       Project lifetime:                                      15 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                         520.01 MUSD
@@ -101,7 +102,6 @@ Simulation Metadata
          Field gathering system costs:                       23.00 MUSD
          Total surface equipment costs:                     357.63 MUSD
          Exploration costs:                                   0.00 MUSD
-         Inflation costs during construction:                24.14 MUSD
       Total capital costs:                                  482.83 MUSD
 
 

tests/examples/example10_HP.out

@@ -6,7 +6,7 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
+ Simulation Time:  08:57
  Calculation Time:      0.105 sec
 
                            ***SUMMARY OF RESULTS***
@@ -27,6 +27,7 @@ Simulation Metadata
       Economic Model = Standard Levelized Cost
       Interest Rate:                                          5.00 %
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                   1.39 MUSD
       Project lifetime:                                      30 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                          15.18 MUSD
@@ -99,7 +100,6 @@ Simulation Metadata
          Field gathering system costs:                        2.55 MUSD
          Total surface equipment costs:                      10.33 MUSD
          Exploration costs:                                   3.32 MUSD
-         Inflation costs during construction:                 1.39 MUSD
       Total capital costs:                                   27.72 MUSD
 
 

tests/examples/example11_AC.out

@@ -6,7 +6,7 @@ Simulation Metadata
 ----------------------
  GEOPHIRES Version: 3.9.47
  Simulation Date: 2025-07-31
- Simulation Time:  08:38
+ Simulation Time:  08:57
  Calculation Time:      0.107 sec
 
                            ***SUMMARY OF RESULTS***
@@ -28,6 +28,7 @@ Simulation Metadata
       Economic Model = Standard Levelized Cost
       Interest Rate:                                          5.00 %
       Accrued financing during construction:                 5.00 %
+      Inflation costs during construction:                   1.32 MUSD
       Project lifetime:                                      30 yr
       Capacity factor:                                       90.0 %
       Project NPV:                                          10.11 MUSD
@@ -100,7 +101,6 @@ Simulation Metadata
          Field gathering system costs:                        2.34 MUSD
          Total surface equipment costs:                       8.96 MUSD
          Exploration costs:                                   3.32 MUSD
-         Inflation costs during construction:                 1.32 MUSD
       Total capital costs:                                   26.35 MUSD