An Economic Evaluation of Binary Cycle Geothermal Electricity Production

The U.S. is heavily dependent on fossil fuels to produce electricity. Geothermal energy, the heat in the earth\u27s crust, can provide an alternative source of energy for electricity production as well as reduce fossil fuel consumption. The economic analysis presented in this study focuses on binary cycle geothermal electricity production. Variables such as well flow rate, geothermal gradient and electricity prices were varied to study their influence on the economic payback period for binary cycle geothermal electricity production. Payback periods represent the amount of time (in years) necessary to recover initial costs of plant construction