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This paper reports a comprehensive survey of well drilling time and cost. The models include both specific correlations on various well types and generalised correlations for rough estimation. The ...

An economic assessment of different geothermal power cycle configurations to generate cost models is conducted in this study. The thermodynamic and exergoeconomic modeling of the cycles is performed in MATLAB coupled to Refprop. The models were derived based on robust multivariable regression to minimize the residuals by using the genetic algorithm. The cross-validation approach is applied to determine a dataset to examine the model in the training phase for validation and reduce the overfitting problem. The generated cost models are the total cost rate, the plant’s total cost, and power generation cost. The cost models and the relevant coefficients are generated based on the most compatibilities and lower error. The results showed that one of the most influential factors on the ORC cycle is the working fluid type, which significantly affects the final economic results. Other parameters that considerably impact economic models results, of all configurations, are geothermal fluid pressure and temperature and inlet pressure of turbine. Rising the geothermal fluid mass flow rate has a remarkable impact on cost models as the capacity and size of equipment increases. The generated cost models in this study can estimate the mentioned cost parameters with an acceptable deviation and provide a fast way to predict the total cost of the power plants.

This research presents the energy, exergy, economic, and environmental assessment, and multi-objective optimization of a flash-binary geothermal CCHP cycle. A sensitivity analysis of production well inlet temperature and cooling to power flow ratio on exergetic, economic, and environmental parameters was conducted. Furthermore, the effects of the inflation rate and plant working hours on economic parameters were investigated. Results showed that increasing the production well inlet temperature harms exergy efficiency and exergetic performance criteria and results in a gain in exergo-environmental impact index and heating capacity. In addition, the total plant cost increased by raising the production well temperature. Furthermore, increasing the cooling to power flow ratio caused a reduction in exergy efficiency, exergetic performance criteria, and produced net power and an enhancement in exergy destruction, cooling capacity, and total plant cost. The exergy efficiency and total cost rate in the base case were 58% and 0.1764, respectively. Optimization results showed that at the selected optimum point, exergy efficiency was 4.5% higher, and the total cost rate was 10.3% lower than the base case. Levelized cost of energy and the pay-back period at the optimum point was obtained as 6.22 c$/kWh, 3.43 years, which were 5.14% and 6.7% lower than the base case.

Emissions of contaminants and CO2 are becoming a relevant issue for the development of geothermal energy projects. Organic Rankine (ORC) Cycles present in this light particular appeal in the light of the possibility of total reinjection of the geothermal fluid resource including Non-Condensable Gases (NCGs). The Castelnuovo (IT) case study conditions are considered a saturated vapour resource at 10 bar pressure. The performance of the ORC cycle for power generation from this geothermal resource is evaluated through mass and energy balances, stepping up to exergy, Life Cycle Analysis (LCA) and Exergo-Environmental analyses (EEvA). The applied methodology allows to identify the most critical components of the system and to evaluate the environmental indicators of the system.

Energy, exergy, and exergoeconomic evaluations of various geothermal configurations are reported. The main operational and economic parameters of the cycles are evaluated and compared. Multi-objective optimization of the cycles is conducted using the artificial bee colony algorithm. A sensitivity assessment is carried out on the effect of production well temperature variation on system performance from energy and economic perspectives. The results show that the flash-binary cycle has the highest thermal and exergy efficiencies, at 15.6% and 64.3%, respectively. The highest generated power cost and pay-back period are attributable to the simple organic Rankine cycle (ORC). Raising the well-temperature can increase the exergy destruction rate in all configurations. However, the electricity cost and pay-back period decrease. Based on the results, in all cases, the exergoenvironmental impact improvement factor decreases, and the temperature rises. The exergy destruction ratio and efficiency of all components for each configuration are calculated and compared. It is found that, at the optimum state, the exergy efficiencies of the simple organic Rankine cycle, single flash, double flash, and flash-binary cycles respectively are 14.7%, 14.4%, 12.6%, and 14.1% higher than their relevant base cases, while the pay-back periods are 10.6%, 1.5% 1.4%, and 0.6% lower than the base cases.