An Economic Evaluation of Binary Cycle Geothermal Electricity Production
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF ENGINEERING AND MANAGEMENT
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The U.S. is heavily dependent on fossil fuels to produce electricity. Geothermal energy, the heat in the earths crust, can provide an alternative source of energy for electricity production as well as reduce fossil fuel consumption. The economic analysis presented in this study focuses on binary cycle geothermal electricity production. Variables such as well flow rate, geothermal gradient and electricity prices were varied to study their influence on the economic payback period for binary cycle geothermal electricity production. Payback periods represent the amount of time in years necessary to recover initial costs of plant construction.
- Geology, Geochemistry and Mineralogy
- Non-electrical Energy Conversion