Introducing GEOPHIRES v1.0: Software Package for Estimating Levelized Cost of Electricity and/or Heat from Enhanced

A new computer-based model has been developed to evaluate the levelized cost of electricity and/or direct-use heat from Enhanced Geothermal Systems (EGS). This software upgrades and expands the “MIT-EGS” model used in the 2006 “Future of Geothermal Energy ” study. The upgrades include implementation of the latest geothermal well drilling and power plant cost submodels as well as incorporation of production wellbore heat losses. The main expansion consists of implementing different end-uses, i.e. electricity, direct-use, or combined heat & power (CHP). The new model “GEOthermal energy for the Production of Heat and Electricity Economically Simulated” (GEOPHIRES) can be used either as a stand-alon