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Ruben Havsed, Climeon - Small, Scalable and standardized Geothermal Heat power plants
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Traditional geothermal heat power plants, both binary and steam-turbine-based, have followed a familiar strategy of implementation for many years. A step-by-step roadmap from identifying and assessing the resource, testing and drilling, building and finally operating the power plant.
This strategy has created many successful projects, but also nearly as many failed or abandoned projects where previously robust financial models have collapsed because of long and expensive drilling campaigns.
Even successful projects can take anywhere from three to eight years, lengthy periods where capital remains at risk, before any revenues can be seen.
Large capital expenditures combined with lengthy projects are two big reasons why geothermal has played a limited role in the renewable revolution.
This strategy has created many successful projects, but also nearly as many failed or abandoned projects where previously robust financial models have collapsed because of long and expensive drilling campaigns.
Even successful projects can take anywhere from three to eight years, lengthy periods where capital remains at risk, before any revenues can be seen.
Large capital expenditures combined with lengthy projects are two big reasons why geothermal has played a limited role in the renewable revolution.
Ruben Havsed, Climeon - Small, Scalable and standardized Geothermal Heat power plants
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