Cluster analysis report: unaddressed issues in exploration risk mitigation

Link with the task 3.1 The risk mitigation mechanism to be developed by CROWDTHERMAL will address a number of hurdles of geothermal project development not yet considered by all of the established schemes. Examples are the long-term operational risk of geothermal projects (i.e. the risk of decreasing energy production due to e.g. scaling or thermal break-through), concepts for transfer of ownership (e.g. to an insurer) in case of project failure, cost overruns while drilling (e.g. lost-in-hole requiring expensive side-tracks or the loss of the well, necessity to drill more wells than initially planned for envisaged thermal capacity) as well as the challenge of follow-up financing after successful drilling of the first well.