james c. witcher southwest technology development institute new mexico state university las cruces,...
TRANSCRIPT
![Page 1: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/1.jpg)
James C. WitcherSouthwest Technology Development Institute
NEW MEXICO STATE UNIVERSITY
Las Cruces, NM
GEOTHERMAL ECONOMIC IMPACT
GEOTHERMAL CORE DRILLING, MCGREGOR RANGE, NEW MEXICO
![Page 2: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/2.jpg)
GEOTHERMAL DIRECT-USE
• GREENHOUSES• INDUSTRIAL USES• AQUACULTURE• SPACE/DISTRICT HEATING
Plate and Frame Heat Exchanger SWTDI/NMSU Business Incubator Greenhouse, Las Cruces, New Mexico
![Page 3: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/3.jpg)
GEOTHERMAL GREENHOUSING
![Page 4: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/4.jpg)
GEOTHERMAL AQUACULTURE
GEOTHERMAL TALAPIA FARM NEAR HYDER, ARIZONA
![Page 5: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/5.jpg)
GEOTHERMAL IS AN ECONOMIC DEVELOPMENT TOOL IN RURAL
AREAS
• SUMMARY OF WHOLESALE CASH RECIEPTS
$$$$$$
Pump testing AmeriCulture 1 State well, Animas Valley, New Mexico
![Page 6: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/6.jpg)
GEOTHERMAL POWER CASH FLOW
• $0.045 kW/hr cost (wholesale)
• 8,760 hrs/yr
• ~$394 thousand per MW/yr
![Page 7: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/7.jpg)
GEOTHERMAL GREENHOUSE
CASH FLOW• Annual sales of $325,000 to $850,000 per
acre (wholesale)• 4 to 8 employees per acre• $18,900/yr energy savings per acre in
southern New Mexico • 4,200 MMbtu/yr at $1.50/MMbtu • Natural gas $6.00/MMbtu (boiler
inefficiency included)
![Page 8: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/8.jpg)
DEVELOPMENT INFRASTRUCTURE
• PRODUCTION WELLS• INJECTION WELLS• HEAT EXCHANGERS• PIPE LINES
Drilling Masson 36 well, Radium Springs, New Mexico
![Page 9: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/9.jpg)
DEVELOPMENT APPROACH
• RESOURCE ASSESSMENT AND RESERVOIR CONFIRMATION
• ENGINEERING FEASIBILITY• PERMITTING• BUSINESS AND MARKETING PLAN• RESOURCE MANAGEMENT PLAN
Alligator aquaculture, Alamosa, Colorado
![Page 10: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/10.jpg)
GEOTHERMAL GREENHOUSING
• NEW MEXICO LEADS THE NATION IN GEOTHERMAL GREENHOUSE ACREAGE
• A TOP TEN RANKING IN AGRICULTURE SECTOR ECONOMY AHEAD OF CHILE
• GROWTH POTENTIAL VERY HIGH
• PAST GROWTH SPURRED BY SWTDI/NMSU RESEARCH AND BUSINESS INCUBATOR GREENHOUSE IN LAS CRUCES
![Page 11: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/11.jpg)
SOUTHWEST TECHNOLOGY DEVELOPMENT INSTITUTE AT NEW MEXICO STATE UNIVERSITY
GEOTHERMAL GREENHOUSE• FIVE CLIENTS SINCE 1987 –
FIFTH CLIENT CURRENTLY LEASING FACILITY
• FOUR COMMERCIAL GREENHOUSES WITH TOTAL ACREAGE OVER 30 ACRES
• 18 ACRES ARE GEOTHERMALLY-HEATED
• ESTIMATED 270 JOBS CREATED
• ESTIMATED CAPITAL INVESTMENT MORE THAN $10 MILLION
• ESTIMATED ANNUAL SALES OVER $14 MILLIONSWTDI/NMSU Business Incubator
Geothermal Greenhouse Las Cruces, New Mexico
![Page 12: James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL ECONOMIC IMPACT GEOTHERMAL CORE DRILLING,](https://reader030.vdocuments.us/reader030/viewer/2022032523/56649d6f5503460f94a51178/html5/thumbnails/12.jpg)
CONCLUSION
• Direct-use geothermal can be an economic development tool is rural areas.
• Successful geothermal projects require a sound business plan.
• A university-based business incubator coupled with technical assistance can spur successful development.