Modeling the Risks of Geothermal Development

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Description

Geothermal energy has emerged as a promising energy source in recent years and has received serious attention from developers and potential users. Despite the advantages of this resource, such as potential cost competitiveness, reliability, public acceptance, etc., the commercial development and use of geothermal energy has been slow. Impediments to the development of this resource include technical, financial, environmental and regulatory uncertainties. Since geothermal power is unique in that the generation facility is tied to a single fuel at a single site, these uncertainties are of particular concern to utility companies. The areas of uncertainty and potential risks are well ... continued below

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380-383

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Golabi, K.; Nair, K.; Rothstein, S. & Sioshansi, F. December 16, 1980.

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Description

Geothermal energy has emerged as a promising energy source in recent years and has received serious attention from developers and potential users. Despite the advantages of this resource, such as potential cost competitiveness, reliability, public acceptance, etc., the commercial development and use of geothermal energy has been slow. Impediments to the development of this resource include technical, financial, environmental and regulatory uncertainties. Since geothermal power is unique in that the generation facility is tied to a single fuel at a single site, these uncertainties are of particular concern to utility companies. The areas of uncertainty and potential risks are well known. This paper presents a method for quantifying the relevant uncertainties and a framework for aggregating the risks through the use of submodels. The objective submodels can be combined with subjective probabilities (when sufficient data is not available) to yield a probability distribution over a single criterion (levelized busbar cost) that can be used to compare the desirability of geothermal power development with respect to other alternatives.

Physical Description

380-383

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  • Proceedings, Sixth Workshop Geothermal Reservoir Engineering, Stanford University, Stanford, California, December 16-18, 1980

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  • Report No.: SGP-TR-50-52
  • Grant Number: AT03-80SF11459
  • Office of Scientific & Technical Information Report Number: 889293
  • Archival Resource Key: ark:/67531/metadc876108

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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  • December 16, 1980

Added to The UNT Digital Library

  • Sept. 21, 2016, 2:29 a.m.

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  • Nov. 29, 2016, 8:25 p.m.

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Golabi, K.; Nair, K.; Rothstein, S. & Sioshansi, F. Modeling the Risks of Geothermal Development, article, December 16, 1980; United States. (digital.library.unt.edu/ark:/67531/metadc876108/: accessed October 20, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.