Estimating the Cost-of-Power Impacts of Federal Geothermal R&D
- Key words
- Economics; Research Agencies; Reservoir Engineering; USA; DOE; Reservoir Evaluation; Risk Analysis; Forecasts; Estimates
- Location
- United States
- Conference
- Geothermal Resources Council Transactions
- Year
- 1988
- Session
- Economics; Computer modeling; Risk management
- Language
- English
Abstract
The Geothermal Technology Division, DOE, has sponsored the development of a computer model, "IM-GEO" to assist its research and development (R&D) program mangers in quantifying geothermal R&D objectives and to quantify the impacts that meeting the objective are likely to have on the cost of electricity. An important innovative feature of the model is that it calculates the effects of reservoir uncertainties upon power project financial risks. This feature support entry points for cost impact analyses of geoscience R&D that seeks to reduce technical uncertainties about reservoir performance. The paper describes the structure of the model and how it is being used to estimate cost impacts of the Geothermal Technology Division's hydrothermal R&D objectives.
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