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The goal of this research project is to build a techno-economic map which may be used to estimate the generalized project costs and revenues associated with a geothermal energy project in the Western Canadian Sedimentary Basin (WCSB). The model will estimate practical factors such as: mobilization expenses and proximity of a potential site to existing infrastructure. The model will also account for technical considerations: geothermal gradient (the rate at which temperature increases below surface), depth to reach the required temperatures, estimated heat flow, rock-type/permeability, electrical output (a function of heat flow and turbine efficiency), and amount of thermal energy that may be useable for direct-use heating. The model will also estimate economic factors: drilling costs (a function of depth and rock type), operational expenses, the value of electricity or direct use heat, the potential value of carbon credits associated with displacing electricity or heat generated using fossil fuels, and the possibility of a project recovering value by extracting lithium or other useful minerals if available geochemistry data indicates sufficient concentrations to be of interest.
Roman J Shor
No. 1 Geothermal Limited Partnership
Earth science
Professional, scientific and technical services
University of Calgary
Business Strategy Internship
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