Published June 27, 2024 | Version v1

Techno-economics of Geothermal Power in the Contiguous United States Under Baseload and Flexible Operations (Dataset)

  • 1. Stanford University

Description

This dataset was created as part of a project that is undergoing journal peer-review. Here is the abstract:

 

As geothermal technology continues to gain momentum, it becomes increasingly essential for stakeholders to assess the economic feasibility of geothermal power projects when integrated into electricity markets. This study aimed to evaluate the techno-economic viability of identified and undiscovered hydrothermal systems across the contiguous United States. Multiple data and methods were developed and integrated to model the lifecycle techno-economics of geothermal projects at hourly resolution. Additionally, flexible operations through wellhead throttling were evaluated to estimate the potential improvement compared to business-as-usual power plant operations. A total of 3,632 and 17,789 MWe of identified and undiscovered hydrothermal resources, respectively, were found to be economically competitive. Multiple sites were profitable under a typical 70 USD/MWh power purchase agreement, with return on investment close to 400%. However, operating in the open power market yielded non-profitable projects across the majority of sites. Opting for flexible dispatch resulted in an improved economic performance. Particularly, the most profitable site had nearly 20\% relative improvement in return on investment upon switching from baseload to flexible dispatch.

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Identified+baseload.csv

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