there’s no stopping geothermal energy: join the bandwagon with coproduction maria richards smu...
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There’s no stopping Geothermal Energy:Join the bandwagon with Coproduction
Maria RichardsSMU Geothermal Laboratory CoordinatorDallas, [email protected]
Geothermal Map of North America,
2004
200°F
Based on oil and gas well bottom hole temperatures
Uncorrected temperatures
10,000 feet depth
1
2
1 - San Antonio2 - Austin
Uncorrected temperatures
200°F
300°F
12,000 feet depth
1 - San Antonio2 - Austin
1
2
Between 10,000 feet and 12,000 feet
> 18,000 wells in Gulf Coast
If just 10% convert to geothermal production, that is over 1800 MW of energy!
Why not go for 30% and make it >6000 MW?
1MW Geothermal = 30 MW Wind
If 1 well = 1 MW ………..
Geopressure Power Plant
• Pleasant Bayou, Brazoria, Texas 1989-1990
• 1 MW of electricity generated during DOE test of concept
Binary turbine using 165oF waterChena Hot Springs, Alaska
7 cents per kW/h - producing 225 kW/h
ORMAT Technologies, INCFall 2008
What else do you need?
Geopressure
Abandoned Wells
Public
Info
rmatio
n
Power Plant E
ng.
-Turbine
-Cooling Methods
Economics
Oil & G
as W
ells
Produci
ng Wat
er
Transmission Lines RECs/ Tax Credits
Gov/PrivateLeases
-Assess
Resources
Injection Wells
Legal Regulations
ITEMS TO CONSIDER FOR DEVELOPMENT
Oil and Gas are “racing” to Geothermal
Energy Dependence
National Security Economic Concerns
Climate Change
Health
PollutionLOCAL SUSTAINABLE GREEN
BASE LOAD ZERO-EMISSIONDEPENDABLE
Increases secondary recovery
Dissolved gas resources developed with geopressure projects
Existing infrastructure - roads, injection wells, transmission lines, etc.
Service industry & their knowledge base
Concern about carbon credits
November 3-4, 2009SMU Geothermal Laboratory Conference
Dallas, Texashttp://smu.edu/geothermal
Geothermal Incentives and Financing
Geothermal Electric Development
Texas H.B. 4433 Hydrocarbon Tax Exemption from Geothermal Wells (Effective September 1, 2009)
Natural Gas/ Crude Oil Production Tax - Exemption from Gas (7.5%) & Oil (4.6%) Severance Taxes- with Production of Geothermal Energy
Creates a tax exemption for any hydrocarbons incidentally produced in association with the production of geothermal energy.
Geothermal Incentives and Financing
Geothermal Heat Pumps
Texas LoanSTAR Revolving Loan Program 3% APR. Loans are repaid through energy cost savings. Projects must have an average payback of 10 years or less. Repayment of loan begins after construction is complete.
Targeted for public buildings, state agencies, school districts, higher education, local governments, and hospitals.
Maximum amount $5 million. Program Budget $98.6 million (revolving loan). Funding source: Petroleum Violation Escrow Funds
For information, guidelines, and application form:http://seco.cpa.state.tx.us/ls.htm
http://seco.cpa.state.tx.us/ls_guideline.htm
Geothermal Incentives and Financing
Geothermal Heat Pumps
U.S. HR 1424 Energy Improvement & Extension Act of '08
Home and Commercial building installation of new geothermal systems.
Homeowners - One time tax credit of 30% of the total investment for installation in 2009 or later years. For systems placed in service in 2008, the $2,000 limit still applies.
Commercial - Credit of 10% of the total investment (no maximum)Available through December 31, 2016.
IRS Form 5695 for the Residential Energy Efficient Property Credit to claim the tax credit for Energy Star geothermal heat pumps. http://www.irs.gov/pub/irs-pdf/f5695.pdf Line 18 on the form is where you enter "Qualified geothermal heat pump property costs", & Line 19 you multiply costs by 30%.
Geothermal Incentives and Financing
Geothermal GrantsRenewable Partnership to Secure Energy for America (RPSEA.org)
Oil and Gas related research projects.
US Department of Energy - Grants.gov and Fedconnect.net
USDA - Rural Energy for America Program (REAP)Federal program to increase renewable useage in rural areas.
American Recovery and Reinvestment Act (ARRA) for TexasComptroller's office compiled information for potential funding opportunities.
Energy Efficiency and Conservation Block Grant (EECBG) Program
http://www.window.state.tx.us/recovery/apply/grants.php
Geothermal Incentives and Financing
Geothermal Incentives for all States
Database of State Incentives for Renewables and EfficiencyDSIRE is a source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. http://www.dsireusa.org/
Includes Utility Rebates for each company.
Other ideas?
http://www.seco.cpa.state.tx.us/publications/renewenergy/
Geothermal Energy Section
