Pioneered by the milkshake thieving oil men of old…
VoteGiantMeteor2028 on
Cheaper drills means deeper and cheaper geothermal energy.
Dyolf_Knip on
> But this $2 billion geothermal project
> will produce 100 megawatts of electricity. Around-the-clock, 24/7 electricity,” he said.
I’d be curious what the maintenance costs would be. $200/MW is ruinously expensive, but of course that capital outlay would be amortized over its usable lifetime. Picking some numbers at random, say ongoing costs equivalent to 10% of construction per annum, spread over 20 years, would equate to $30/MW, which puts it on par with the low end for wind and solar (already the cheapest sources), but without the variable output and need for grid storage those entail.
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Pioneered by the milkshake thieving oil men of old…
Cheaper drills means deeper and cheaper geothermal energy.
> But this $2 billion geothermal project
> will produce 100 megawatts of electricity. Around-the-clock, 24/7 electricity,” he said.
I’d be curious what the maintenance costs would be. $200/MW is ruinously expensive, but of course that capital outlay would be amortized over its usable lifetime. Picking some numbers at random, say ongoing costs equivalent to 10% of construction per annum, spread over 20 years, would equate to $30/MW, which puts it on par with the low end for wind and solar (already the cheapest sources), but without the variable output and need for grid storage those entail.