Self Assessment Tool

This deliverable is related to Task 5.3. in which presently used economic models will be analysed, e.g. LEAP (Long Range Energy Alternatives Planning System; http://www.energycommunity.org/default.asp?action=47) Geothermal Electric Technology Model (GETEM; http://energy.gov/eere/geothermal/geothermal-electricity-technology-evaluation-model ), CREST (https://financere.nrel.gov/finance/content/crest-cost-energy-models); SAM (System Advisor Model) and develop a new approach, that will not only allow the definition of levelized cost of energy (LCOE), investment and operation costs of EGS plants, but also provide estimates on metal production and the definition of the Net Present Value of a CHPM investment. The economic feasibility model developed for CHPM shall allow the economic analysis of different types of ultra-deep deposits, but shall also be flexible to enable the analysis of different extraction scenarios, in particular should also consider the advantages of having control over the electricity/heat/metal output ratio of the system. The “Self Assessment Tool” (SAT) will allow investors, companies, authorities and communities to analyse their own data, avoiding any potential confidentiality issue, which could often be the case in the mining and geothermal energy sectors. Work under this task will thus include the professional analysis of the adaptability of present models, the economic modelling work, IT programming of the model, testing and application of the model, analysis of the data produced by the model, and deploying the SAT.