Title:

Risk Factors Within Techno-economic Evaluation of Soft-stimulation Measures

Authors:

Sören REITH, Dorothee SIEFERT, Hanna MERGNER, Thomas KÖLBEL, Wolfram MÜNCH

Key Words:

techno economic evaluation, stimulation, risk factors

Conference:

Stanford Geothermal Workshop

Year:

2018

Session:

Enhanced Geothermal Systems

Language:

English

Paper Number:

Reith

File Size:

1142 KB

View File:

Abstract:

Simulation treatments are often the only means to meet economic and sustainability requirements for a geothermal project. Nevertheless, stimulation is expensive, due to varying natural conditions not always successful and sometimes coupled with negative environmental impacts. The “soft stimulation” concept applied within the DESTRESS-project aims at minimizing environmental impact and increasing success rate. Thereby social acceptance and economic efficiency shall be increased to enable market uptake of EGS. Market uptake is inseparably linked with a promising business case. Besides the application of soft stimulation measures DESTRESS therefore also puts a focus on the techno-economic evaluation including risk factors (e.g. uncertainty in technical parameters). The present paper will show the methodology and first results of expanding the techno-economic evaluation by uncertainty demonstrated on the example of geothermal projects using soft stimulation measures. Inspired by the decision analysis approach, probabilistic can improve project evaluation by supporting investment decisions through a statistical data basis. Therefore an integrated simulation model is developed that includes uncertainty caused by technical, social and environmental risk factors. The model maps the whole geothermal circuit process (production – usage – injection) technically and economically on a highly detailed level. First results will include the economic representation of soft stimulation, the integration of risk factors into the simulation as well as the representation of the technical effects of soft stimulation. The research leading to these results has received funding from the European Union’s Horizon2020 Research and Innovation Program under grant agreement No 691728 (Project DESTRESS).


ec2-3-141-100-120.us-east-2.compute.amazonaws.com, you have accessed 0 records today.

Press the Back button in your browser, or search again.

Copyright 2018, Stanford Geothermal Program: Readers who download papers from this site should honor the copyright of the original authors and may not copy or distribute the work further without the permission of the original publisher.


Attend the nwxt Stanford Geothermal Workshop, click here for details.

Accessed by: ec2-3-141-100-120.us-east-2.compute.amazonaws.com (3.141.100.120)
Accessed: Friday 26th of April 2024 04:26:07 PM