@@ -80,14 +80,14 @@ in source code for the complete results.
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8181### Economic Results
8282
83- | Metric | Result Value | Reference Value(s) | Reference Source |
84- | ------------------------------------| --------------------------------------------------------| --------------------------| ---------------------------------------------|
85- | LCOE | $75.5/MWh | $80/MWh | Horne et al, 2025 |
86- | Project capital costs: Total CAPEX | $2.64B | | |
87- | Project capital costs: $/kW | $4900/kW (based on maximum net electricity generation) | $4500/kW, $3000–$6000/kW | Horne et al, 2025; Latimer, 2025. |
88- | Well Drilling and Completion Cost | $3.96M/well (including 5% indirect costs) | $<4M/well | Latimer, 2025. |
89- | WACC | 8.3% | 8.3% | Matson, 2024. |
90- | After-tax IRR | 31.5% | 15–25% | Typical levered returns for energy projects |
83+ | Metric | Result Value | Reference Value(s) | Reference Source |
84+ | ------------------------------------| --------------------------------------------------------| ------------------------------------ | ----- ---------------------------------------------|
85+ | LCOE | $75.5/MWh | $80/MWh | Horne et al, 2025 |
86+ | Project capital costs: Total CAPEX | $2.64B | | |
87+ | Project capital costs: $/kW | $4900/kW (based on maximum net electricity generation) | $5000/kW; $ 4500/kW; $3000–$6000/kW | McClure, 2024; Horne et al, 2025; Latimer, 2025. |
88+ | Well Drilling and Completion Cost | $3.96M/well (including 5% indirect costs) | $<4M/well | Latimer, 2025. |
89+ | WACC | 8.3% | 8.3% | Matson, 2024. |
90+ | After-tax IRR | 31.5% | 15–25% | Typical levered returns for energy projects |
9191
9292### Technical & Engineering Results
9393
@@ -146,6 +146,10 @@ Matson, M. (2024, September 11). Fervo Energy Technology Day 2024: Entering "the
146146Geothermal
147147Energy. https://www.linkedin.com/pulse/fervo-energy-technology-day-2024-entering-geothermal-decade-matson-n4stc/
148148
149+ McClure, M. (2024, September 12). Digesting the Bonkers, Incredible, Off-the-Charts, Spectacular Results from the Fervo
150+ and FORGE Enhanced Geothermal Projects. ResFrac Corporation Blog.
151+ https://www.resfrac.com/blog/digesting-the-bonkers-incredible-off-the-charts-spectacular-results-from-the-fervo-and-forge-enhanced-geothermal-projects
152+
149153NREL. (2024). Annual Technology Baseline: Recent Public Geothermal Power Purchase Agreement
150154Pricing. https://atb.nrel.gov/electricity/2024/geothermal
151155
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