IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v359y2024ics0306261924001405.html
   My bibliography  Save this article

Integrated technological and economic feasibility comparisons of enhanced geothermal systems associated with carbon storage

Author

Listed:
  • Xue, Zhenqian
  • Ma, Haoming
  • Wei, Yizheng
  • Wu, Wei
  • Sun, Zhe
  • Chai, Maojie
  • Zhang, Chi
  • Chen, Zhangxin

Abstract

Enhanced geothermal system (EGS) demonstrates low carbon intensity for supplying electricity but it has not been widely developed commercially. Although the engineering feasibility of different operational strategies has been illustrated, the energy industry is still ambiguous in economic aspects; in particular, incorporating carbon policies into the decision-making process is necessary. In this study, an evaluation framework from technical and economic perspectives considering the impact of carbon credit is introduced for the first time to compare six EGS working schemes including two well configurations and three flow strategies. Afterwards, sensitivity analyses are performed with respect to six technical parameters and four economic constraints. Key findings in this study prove that mixed CO2-water horizontal-well-EGS achieves the most profitability with an NPV of $35.3 million. CO2-EGS can produce the greatest geothermal power and carbon storage, but the high CO2 consumption is a major obstacle to achieving profitability. Compared to water-EGS, mixed CO2-water EGS shows a greater profit gained the advantage from carbon storage even with less geothermal energy harvesting. Regarding various well types, the horizontal well system can earn more profits than the vertical well system if the thermal breakthrough is not serious. The sensitivity analyses suggest that the parameters that dominate fluid injection amount and flow rate shall be assigned the highest priority. The electricity market price is another critical factor, and a mixed CO2-water EGS project is recommended to start according to the rising trend of the electricity sale price. This study provides an informative decision-making strategy for EGS stakeholders.

Suggested Citation

  • Xue, Zhenqian & Ma, Haoming & Wei, Yizheng & Wu, Wei & Sun, Zhe & Chai, Maojie & Zhang, Chi & Chen, Zhangxin, 2024. "Integrated technological and economic feasibility comparisons of enhanced geothermal systems associated with carbon storage," Applied Energy, Elsevier, vol. 359(C).
    • Handle: RePEc:eee:appene:v:359:y:2024:i:c:s0306261924001405
    DOI: 10.1016/j.apenergy.2024.122757
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924001405
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2024.122757?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Cui, Guodong & Ren, Shaoran & Rui, Zhenhua & Ezekiel, Justin & Zhang, Liang & Wang, Hongsheng, 2018. "The influence of complicated fluid-rock interactions on the geothermal exploitation in the CO2 plume geothermal system," Applied Energy, Elsevier, vol. 227(C), pages 49-63.
    2. Van Erdeweghe, Sarah & Van Bael, Johan & Laenen, Ben & D'haeseleer, William, 2018. "Feasibility study of a low-temperature geothermal power plant for multiple economic scenarios," Energy, Elsevier, vol. 155(C), pages 1004-1012.
    3. Zhang, Yan-Jun & Guo, Liang-Liang & Li, Zheng-Wei & Yu, Zi-Wang & Xu, Tian-Fu & Lan, Cheng-Yu, 2015. "Electricity generation and heating potential from enhanced geothermal system in Songliao Basin, China: Different reservoir stimulation strategies for tight rock and naturally fractured formations," Energy, Elsevier, vol. 93(P2), pages 1860-1885.
    4. Lei, Zhihong & Zhang, Yanjun & Yu, Ziwang & Hu, Zhongjun & Li, Liangzhen & Zhang, Senqi & Fu, Lei & Zhou, Ling & Xie, Yangyang, 2019. "Exploratory research into the enhanced geothermal system power generation project: The Qiabuqia geothermal field, Northwest China," Renewable Energy, Elsevier, vol. 139(C), pages 52-70.
    5. Hu, Kejia & Chen, Yuche, 2019. "Equilibrium fuel supply and carbon credit pricing under market competition and environmental regulations: A California case study," Applied Energy, Elsevier, vol. 236(C), pages 815-824.
    6. Lu, Shyi-Min, 2018. "A global review of enhanced geothermal system (EGS)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2902-2921.
    7. Rui, Zhenhua & Wang, Xiaoqing & Zhang, Zhien & Lu, Jun & Chen, Gang & Zhou, Xiyu & Patil, Shirish, 2018. "A realistic and integrated model for evaluating oil sands development with Steam Assisted Gravity Drainage technology in Canada," Applied Energy, Elsevier, vol. 213(C), pages 76-91.
    8. Yuan Zhao & Lingfeng Shu & Shunyi Chen & Jun Zhao & Liangliang Guo, 2022. "Optimization Design of Multi-Factor Combination for Power Generation from an Enhanced Geothermal System by Sensitivity Analysis and Orthogonal Test at Qiabuqia Geothermal Area," Sustainability, MDPI, vol. 14(12), pages 1-35, June.
    9. Gao, Xiang & Li, Tailu & Meng, Nan & Gao, Haiyang & Li, Xuelong & Gao, Ruizhao & Wang, Zeyu & Wang, Jingyi, 2023. "Supercritical flow and heat transfer of SCO2 in geothermal reservoir under non-Darcy's law combined with power generation from hot dry rock," Renewable Energy, Elsevier, vol. 206(C), pages 428-440.
    10. Li, Xinxin & Li, Chengyu & Gong, Wenping & Zhang, Yanjie & Wang, Junchao, 2023. "Probabilistic analysis of heat extraction performance in enhanced geothermal system based on a DFN-based modeling scheme," Energy, Elsevier, vol. 263(PC).
    11. Jiang, Jieyun & Rui, Zhenhua & Hazlett, Randy & Lu, Jun, 2019. "An integrated technical-economic model for evaluating CO2 enhanced oil recovery development," Applied Energy, Elsevier, vol. 247(C), pages 190-211.
    12. Feng, Zijun & Zhao, Yangsheng & Zhou, Anchao & Zhang, Ning, 2012. "Development program of hot dry rock geothermal resource in the Yangbajing Basin of China," Renewable Energy, Elsevier, vol. 39(1), pages 490-495.
    13. Asai, Pranay & Panja, Palash & McLennan, John & Moore, Joseph, 2019. "Efficient workflow for simulation of multifractured enhanced geothermal systems (EGS)," Renewable Energy, Elsevier, vol. 131(C), pages 763-777.
    14. Xie, Jingxuan & Wang, Jiansheng, 2022. "Compatibility investigation and techno-economic performance optimization of whole geothermal power generation system," Applied Energy, Elsevier, vol. 328(C).
    15. Samin, Maleaha Y. & Faramarzi, Asaad & Jefferson, Ian & Harireche, Ouahid, 2019. "A hybrid optimisation approach to improve long-term performance of enhanced geothermal system (EGS) reservoirs," Renewable Energy, Elsevier, vol. 134(C), pages 379-389.
    16. Liu, Gang & Zhou, Chunwei & Rao, Zhenghua & Liao, Shengming, 2021. "Impacts of fracture network geometries on numerical simulation and performance prediction of enhanced geothermal systems," Renewable Energy, Elsevier, vol. 171(C), pages 492-504.
    17. Samadi, Fereshteh & Kazemi, Neda, 2020. "Exergoeconomic analysis of zeotropic mixture on the new proposed organic Rankine cycle for energy production from geothermal resources," Renewable Energy, Elsevier, vol. 152(C), pages 1250-1265.
    18. Anjos, Miguel F. & Feijoo, Felipe & Sankaranarayanan, Sriram, 2022. "A multinational carbon-credit market integrating distinct national carbon allowance strategies," Applied Energy, Elsevier, vol. 319(C).
    19. Malafeh, Sam & Sharp, Basil, 2015. "Role of royalties in sustainable geothermal energy development," Energy Policy, Elsevier, vol. 85(C), pages 235-242.
    20. Karimi, Shahram & Mansouri, Sima, 2018. "A comparative profitability study of geothermal electricity production in developed and developing countries: Exergoeconomic analysis and optimization of different ORC configurations," Renewable Energy, Elsevier, vol. 115(C), pages 600-619.
    21. Xue, Zhenqian & Zhang, Kai & Zhang, Chi & Ma, Haoming & Chen, Zhangxin, 2023. "Comparative data-driven enhanced geothermal systems forecasting models: A case study of Qiabuqia field in China," Energy, Elsevier, vol. 280(C).
    22. Zhang, Chao & Jiang, Guangzheng & Jia, Xiaofeng & Li, Shengtao & Zhang, Shengsheng & Hu, Di & Hu, Shengbiao & Wang, Yibo, 2019. "Parametric study of the production performance of an enhanced geothermal system: A case study at the Qiabuqia geothermal area, northeast Tibetan plateau," Renewable Energy, Elsevier, vol. 132(C), pages 959-978.
    23. Wang, Yang & Li, Tuo & Chen, Yun & Ma, Guowei, 2019. "Numerical analysis of heat mining and geological carbon sequestration in supercritical CO2 circulating enhanced geothermal systems inlayed with complex discrete fracture networks," Energy, Elsevier, vol. 173(C), pages 92-108.
    24. Lei, Zhihong & Zhang, Yanjun & Zhang, Senqi & Fu, Lei & Hu, Zhongjun & Yu, Ziwang & Li, Liangzhen & Zhou, Jian, 2020. "Electricity generation from a three-horizontal-well enhanced geothermal system in the Qiabuqia geothermal field, China: Slickwater fracturing treatments for different reservoir scenarios," Renewable Energy, Elsevier, vol. 145(C), pages 65-83.
    25. Liu, Jian & Cheng, Wen-Long & Nian, Yong-Le, 2018. "The stratigraphic and operating parameters influence on economic analysis for enhanced geothermal double wells utilization system," Energy, Elsevier, vol. 159(C), pages 264-276.
    26. Soltani, M. & Moradi Kashkooli, Farshad & Souri, Mohammad & Rafiei, Behnam & Jabarifar, Mohammad & Gharali, Kobra & Nathwani, Jatin S., 2021. "Environmental, economic, and social impacts of geothermal energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 140(C).
    27. Chamorro, César R. & Mondéjar, María E. & Ramos, Roberto & Segovia, José J. & Martín, María C. & Villamañán, Miguel A., 2012. "World geothermal power production status: Energy, environmental and economic study of high enthalpy technologies," Energy, Elsevier, vol. 42(1), pages 10-18.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xue, Zhenqian & Zhang, Kai & Zhang, Chi & Ma, Haoming & Chen, Zhangxin, 2023. "Comparative data-driven enhanced geothermal systems forecasting models: A case study of Qiabuqia field in China," Energy, Elsevier, vol. 280(C).
    2. Liu, Gang & Zhou, Chunwei & Rao, Zhenghua & Liao, Shengming, 2021. "Impacts of fracture network geometries on numerical simulation and performance prediction of enhanced geothermal systems," Renewable Energy, Elsevier, vol. 171(C), pages 492-504.
    3. Zhang, Yu & Zhang, Yanjun & Zhou, Ling & Lei, Zhihong & Guo, Liangliang & Zhou, Jian, 2022. "Reservoir stimulation design and evaluation of heat exploitation of a two-horizontal-well enhanced geothermal system (EGS) in the Zhacang geothermal field, Northwest China," Renewable Energy, Elsevier, vol. 183(C), pages 330-350.
    4. Guo, Tiankui & Tang, Songjun & Sun, Jiang & Gong, Facheng & Liu, Xiaoqiang & Qu, Zhanqing & Zhang, Wei, 2020. "A coupled thermal-hydraulic-mechanical modeling and evaluation of geothermal extraction in the enhanced geothermal system based on analytic hierarchy process and fuzzy comprehensive evaluation," Applied Energy, Elsevier, vol. 258(C).
    5. Ma, Yuanyuan & Li, Shibin & Zhang, Ligang & Liu, Songze & Liu, Zhaoyi & Li, Hao & Shi, Erxiu, 2020. "Study on the effect of well layout schemes and fracture parameters on the heat extraction performance of enhanced geothermal system in fractured reservoir," Energy, Elsevier, vol. 202(C).
    6. Ma, Yuanyuan & Li, Shibin & Zhang, Ligang & Liu, Songze & Liu, Zhaoyi & Li, Hao & Shi, Erxiu & Zhang, Haijun, 2020. "Numerical simulation study on the heat extraction performance of multi-well injection enhanced geothermal system," Renewable Energy, Elsevier, vol. 151(C), pages 782-795.
    7. Zhang, Wei & Qu, Zhanqing & Guo, Tiankui & Wang, Zhiyuan, 2019. "Study of the enhanced geothermal system (EGS) heat mining from variably fractured hot dry rock under thermal stress," Renewable Energy, Elsevier, vol. 143(C), pages 855-871.
    8. Cao, Wenjiong & Huang, Wenbo & Chen, Juanwen & Li, Zhibin & Jiang, Fangming, 2023. "Numerical study on the heat extraction performance of enhanced geothermal systems with a well-fracture-reservoir combined model," Renewable Energy, Elsevier, vol. 202(C), pages 370-380.
    9. Hou, Xinglan & Zhong, Xiuping & Nie, Shuaishuai & Wang, Yafei & Tu, Guigang & Ma, Yingrui & Liu, Kunyan & Chen, Chen, 2024. "Study on the heat recovery behavior of horizontal well systems in the Qiabuqia geothermal area of the Gonghe Basin, China," Energy, Elsevier, vol. 286(C).
    10. Lin, David T.W. & Hsieh, Jui Ching & Shih, Bo Yen, 2019. "The optimization of geothermal extraction based on supercritical CO2 porous heat transfer model," Renewable Energy, Elsevier, vol. 143(C), pages 1162-1171.
    11. Anderson, Austin & Rezaie, Behnaz, 2019. "Geothermal technology: Trends and potential role in a sustainable future," Applied Energy, Elsevier, vol. 248(C), pages 18-34.
    12. Ma, Yuanyuan & Li, Shibin & Zhang, Ligang & Liu, Songze & Liu, Zhaoyi & Li, Hao & Shi, Erxiu & Liu, Xuemei & Liu, Hongliang, 2020. "Analysis on the heat extraction performance of multi-well injection enhanced geothermal system based on leaf-like bifurcated fracture networks," Energy, Elsevier, vol. 213(C).
    13. Ma, Weiwu & Wang, Yadan & Wu, Xiaotian & Liu, Gang, 2020. "Hot dry rock (HDR) hydraulic fracturing propagation and impact factors assessment via sensitivity indicator," Renewable Energy, Elsevier, vol. 146(C), pages 2716-2723.
    14. Fan, Huifang & Zhang, Luyi & Wang, Ruifei & Song, Hongqing & Xie, Hui & Du, Li & Sun, Pengguang, 2020. "Investigation on geothermal water reservoir development and utilization with variable temperature regulation: A case study of China," Applied Energy, Elsevier, vol. 275(C).
    15. Wang, Guoying & Ma, Hongwei & Liu, Shaowei & Yang, Dong & Xu, Xiaokai & Fu, Mengxiong & Jia, Housheng, 2022. "Thermal power extraction from a deep, closed-loop, multi-level, multi-branch, U-shaped borehole heat exchanger geothermal system," Renewable Energy, Elsevier, vol. 198(C), pages 894-906.
    16. Song, Guofeng & Song, Xianzhi & Ji, Jiayan & Wu, Xiaoguang & Li, Gensheng & Xu, Fuqiang & Shi, Yu & Wang, Gaosheng, 2022. "Evolution of fracture aperture and thermal productivity influenced by chemical reaction in enhanced geothermal system," Renewable Energy, Elsevier, vol. 186(C), pages 126-142.
    17. Li, Shijie & Liu, Jie & Huang, Wanying & Zhang, Chenghang, 2024. "Numerical simulation of the thermo-hydro-chemical coupling in enhanced geothermal systems: Impact of SiO2 dissolution/precipitation in matrix and fractures," Energy, Elsevier, vol. 290(C).
    18. Li, S. & Wang, S. & Tang, H., 2022. "Stimulation mechanism and design of enhanced geothermal systems: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 155(C).
    19. Gao, Xuefeng & Zhang, Yanjun & Huang, Yibin & Ma, Yongjie & Zhao, Yi & Liu, Qiangbin, 2021. "Study on heat extraction considering the number and orientation of multilateral wells in a complex fractured geothermal reservoir," Renewable Energy, Elsevier, vol. 177(C), pages 833-852.
    20. Zhou, Chunwei & Liu, Gang & Liao, Shengming, 2024. "Probing fractured reservoir of enhanced geothermal systems with fuzzy-genetic inversion model: Impacts of geothermal reservoir environment," Energy, Elsevier, vol. 290(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:359:y:2024:i:c:s0306261924001405. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.