ATB data for geothermal are shown above. These projections use bottom-up models derived from the analysis and results of the GeoVision: Harnessing the Heat Beneath our Feet report (DOE, 2019). The GeoVision report is a collaborative multiyear effort with contributors from industry, academia, national laboratories, and federal agencies. The analysis in the report updates resource potential estimates as well as current and projected capital and O&M costs through evaluation of current industry trends and predicted advancements in areas such as drilling efficiency and materials and enhanced geothermal system (EGS) stimulation success. Drilling and EGS improvements enable reduced development timelines, CAPEX, and financing rates.
The three scenarios for technology innovation are:
The following references are specific to this page; for all references in this ATB, see References.
DOE (2019). GeoVision: Harnessing the Heat Beneath Our Feet. (No. DOE/EE–1306). U.S. Department of Energy. https://www.energy.gov/sites/prod/files/2019/06/f63/GeoVision-full-report-opt.pdf
Developed with funding from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy.