@@ -6,8 +6,8 @@ Simulation Metadata
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GEOPHIRES Version: 3.4.42
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Simulation Date: 2024-07-16
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- Simulation Time: 17:19
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- Calculation Time: 0.472 sec
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+ Simulation Time: 17:55
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+ Calculation Time: 0.453 sec
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***SUMMARY OF RESULTS***
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@@ -17,7 +17,7 @@ Simulation Metadata
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Annual District Heating Demand: 242.90 GWh/year
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Average Annual Geothermal Heat Production: 109.16 GWh/year
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Average Annual Peaking Fuel Heat Production: 133.74 GWh/year
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- Direct-Use heat breakeven price (LCOH): 10.74 USD/MMBTU
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+ Direct-Use heat breakeven price (LCOH): 13.19 USD/MMBTU
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Number of production wells: 2
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Number of injection wells: 2
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Flowrate per production well: 50.0 kg/sec
@@ -32,11 +32,11 @@ Simulation Metadata
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Accrued financing during construction: 0.00
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Project lifetime: 20 yr
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Capacity factor: 96.3 %
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- Project NPV: 4.71 MUSD
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- Project IRR: 7.65 %
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- Project VIR=PI=PIR: 1.11
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- Project MOIC: 0.58
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- Project Payback Period: 10.72 yr
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+ Project NPV: -18.32 MUSD
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+ Project IRR: 2.18 %
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+ Project VIR=PI=PIR: 0.71
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+ Project MOIC: 0.16
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+ Project Payback Period: 16.46 yr
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***ENGINEERING PARAMETERS***
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@@ -96,27 +96,27 @@ Simulation Metadata
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***CAPITAL COSTS (M$)***
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- Drilling and completion costs: 27.30 MUSD
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- Drilling and completion costs per well: 6.82 MUSD
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+ Drilling and completion costs: 48.00 MUSD
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+ Drilling and completion costs per well: 12.00 MUSD
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Stimulation costs: 3.00 MUSD
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Surface power plant costs: 10.09 MUSD
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of which Peaking Boiler Cost: 4.59 MUSD
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Field gathering system costs: 2.55 MUSD
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District Heating System Cost: 0.00 MUSD
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Total surface equipment costs: 12.64 MUSD
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Exploration costs: 0.00 MUSD
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- Total capital costs: 42.94 MUSD
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+ Total capital costs: 63.64 MUSD
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***OPERATING AND MAINTENANCE COSTS (M$/yr)***
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- Wellfield maintenance costs: 0.41 MUSD/yr
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+ Wellfield maintenance costs: 0.62 MUSD/yr
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Power plant maintenance costs: 0.50 MUSD/yr
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Water costs: 0.00 MUSD/yr
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Average Reservoir Pumping Cost: 0.25 MUSD/yr
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Annual District Heating O&M Cost: 0.34 MUSD/yr
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Average Annual Peaking Fuel Cost: 4.30 MUSD/yr
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- Total operating and maintenance costs: 1.50 MUSD/yr
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+ Total operating and maintenance costs: 1.71 MUSD/yr
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***SURFACE EQUIPMENT SIMULATION RESULTS***
@@ -201,23 +201,23 @@ Year Electricity | Heat |
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Since Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | Price Ann. Rev. Cumm. Rev. | OPEX Net Rev. Net Cashflow
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Start (cents/kWh)(MUSD/yr) (MUSD) |(cents/kWh) (MUSD/yr) (MUSD) |(cents/kWh) (MUSD/yr) (MUSD) |(USD/tonne) (MUSD/yr) (MUSD) |(MUSD/yr) (MUSD/yr) (MUSD)
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________________________________________________________________________________________________________________________________________________________________________________________
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- 1 0.00 0.00 0.00 | 0.00 -42.94 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -42.94 -42.94
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- 2 5.50 0.00 0.00 | 5.00 4.40 5.65 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.40 -38.54
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- 3 5.50 0.00 0.00 | 5.00 4.43 11.34 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.43 -34.11
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- 4 5.50 0.00 0.00 | 5.00 4.44 17.03 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.44 -29.66
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- 5 5.50 0.00 0.00 | 5.00 4.45 22.74 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.45 -25.21
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- 6 5.50 0.00 0.00 | 5.00 4.45 28.44 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.45 -20.76
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- 7 5.50 0.00 0.00 | 5.00 4.44 34.13 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.44 -16.32
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- 8 5.50 0.00 0.00 | 5.00 4.42 39.80 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.42 -11.90
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- 9 5.50 0.00 0.00 | 5.00 4.40 45.45 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.40 -7.50
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- 10 5.50 0.00 0.00 | 5.00 4.37 51.07 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.37 -3.14
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- 11 5.50 0.00 0.00 | 5.00 4.33 56.65 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.33 1.19
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- 12 5.50 0.00 0.00 | 5.00 4.28 62.18 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.28 5.47
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- 13 5.50 0.00 0.00 | 5.00 4.23 67.67 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.23 9.71
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- 14 5.50 0.00 0.00 | 5.00 4.18 73.10 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.18 13.89
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- 15 5.50 0.00 0.00 | 5.00 4.12 78.47 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.12 18.01
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- 16 5.50 0.00 0.00 | 5.00 4.05 83.78 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 4.05 22.06
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- 17 5.50 0.00 0.00 | 5.00 3.98 89.01 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 3.98 26.05
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- 18 5.50 0.00 0.00 | 5.00 3.91 94.17 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 3.91 29.96
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- 19 5.50 0.00 0.00 | 5.00 3.83 99.25 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 3.83 33.78
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- 20 5.50 0.00 0.00 | 5.00 3.74 104.25 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.25 3.74 37.52
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+ 1 0.00 0.00 0.00 | 0.00 -63.64 0.00 | 0.00 0.00 0.00 | 0.00 0.00 0.00 | 0.00 -63.64 -63.64
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+ 2 5.50 0.00 0.00 | 5.00 4.19 5.65 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.19 -59.45
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+ 3 5.50 0.00 0.00 | 5.00 4.23 11.34 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.23 -55.22
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+ 4 5.50 0.00 0.00 | 5.00 4.24 17.03 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.24 -50.99
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+ 5 5.50 0.00 0.00 | 5.00 4.24 22.74 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.24 -46.74
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+ 6 5.50 0.00 0.00 | 5.00 4.24 28.44 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.24 -42.50
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+ 7 5.50 0.00 0.00 | 5.00 4.23 34.13 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.23 -38.27
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+ 8 5.50 0.00 0.00 | 5.00 4.22 39.80 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.22 -34.05
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+ 9 5.50 0.00 0.00 | 5.00 4.19 45.45 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.19 -29.86
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+ 10 5.50 0.00 0.00 | 5.00 4.16 51.07 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.16 -25.70
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+ 11 5.50 0.00 0.00 | 5.00 4.12 56.65 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.12 -21.58
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+ 12 5.50 0.00 0.00 | 5.00 4.08 62.18 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.08 -17.50
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+ 13 5.50 0.00 0.00 | 5.00 4.03 67.67 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 4.03 -13.48
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+ 14 5.50 0.00 0.00 | 5.00 3.97 73.10 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.97 -9.50
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+ 15 5.50 0.00 0.00 | 5.00 3.91 78.47 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.91 -5.59
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+ 16 5.50 0.00 0.00 | 5.00 3.85 83.78 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.85 -1.74
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+ 17 5.50 0.00 0.00 | 5.00 3.78 89.01 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.78 2.03
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+ 18 5.50 0.00 0.00 | 5.00 3.70 94.17 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.70 5.73
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+ 19 5.50 0.00 0.00 | 5.00 3.62 99.25 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.62 9.35
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+ 20 5.50 0.00 0.00 | 5.00 3.53 104.25 | 2.50 0.00 0.00 | 0.00 0.00 0.00 | 1.46 3.53 12.89
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