GEOTHERMAL RESOURCES GLENWOOD SPRINGS, COLORADO

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GEOTHERMAL RESOURCES GLENWOOD SPRINGS, COLORADO ( geothermal-resources-glenwood-springs-colorado )

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SYSTEM WELL COST O & M $/YR PEAK ENERGY ANNUAL ENERGY NET INCOME/YR YEARS Electric power generation-$0.04/kWh Electric power generation-$0.07/kWh $3,000,000 $3,000,000 $900,000 $900,000 $3,900,000 $3,900,000 $5,000 $5,000 150 kWhr 150 kWhr 1,250,000 kWhr 1,250,000 kWhr $50,000 $87,500 $45,000 86.7 $82,500 47.3 Building retrofit - 50,000 sq. ft. $0 $70,000 $70,000 $1,000 1.75 mill Btu/hr 3.83 bill. Btu/yr $30,700 $29,700 2.4 42.5% District Heating - Prod./Inject. Wells 100% hookup - 1.2 blocks $150,000 $710,000 $500,000 $660,000 $500,000 $610,000 $500,000 $860,000 $650,000 $810,000 $650,000 $760,000 $650,000 $18,000 $18,000 $13,000 $13,000 6.25 mill. Btu/hr 6.25 mill. Btu/hr 4.70 mill. Btu/hr 4.70 mill. Btu/hr 3.15 mill. Btu/hr 3.15 mill. Btu/hr 13.80 bill. Btu/yr 13.80 bill. Btu/yr 10.30 bill. Btu/yr 10.30 bill. Btu/yr $110,000 $110,000 $82,500 $82,500 $55,000 $55,000 $92,000 9.3 $92,000 7.1 $69,500 11.7 $69,500 9.4 $46,000 16.5 $46,000 14.1 10% 14% 9% 10% 6% 7% 100% with no retrofit costs 75% hookup - 1.2 blocks $150,000 $150,000 $150,000 $150,000 $150,000 75% with no retrofit costs 50% hookup - I.2 blocks $9,000 $9,000 6.90 bill. Btu/yr 6.90 bill. Btu/yr 50% with no retrofit costs Downhole heat exchanger - one well higher output from DHE $75,000 $75,000 $7,500 $7,500 $82,500 $82,500 $500 $500 150,000 Btu/hr 250,000 Btu/hr 330 mill. Btu/yr 550 mill. Btu/yr $2,640 $4,400 $2,140 38.6 $3,900 21.2 <1% 2.5% Waste water resource - 600 gpm Waste water resource - 2,000 gpm $0 $0 $400,000 $500,000 $400,000 $500,000 $15,000 $15,000 7.50 mill Btu/hr 10.00 mill. Btu/hr 16.50 bill. Btu/yr 22.00 bill. Btu/yr $132,000 $175,000 $117,000 3.4 $160,000 3.1 29% 32% GHP - open loop - 1 block - 100% GHP - open loop - 1 block - 75% GHP - open loop - 1 block - 50% $525,000 $420,000 $280,000 $540,000 $405,000 $270,000 $1,065,000 $825,000 $550,000 $69,000 $52,000 $35,000 5.25 mill. Btu/hr 3.94 mill. Btu/hr 2.63 mill. Btu/hr 16.10 bill. Btu/yr 12.08 bill. Btu/yr 8.06 bill. Btu/yr $129,000 $96,600 $64,500 $60,000 17.8 $44,600 18.5 $29,500 18.6 4% 4% 4% GHP - closed loop - 1 block - 100% GHP - closed loop - 1 block - 75% GHP - closed loop - 1 block - 50% $1,312,000 $984,000 $656,000 $440,000 $330,000 $220,000 $1,752,000 $1,314,000 $876,000 $64,000 $48,000 $32,000 5.25 mill. Btu/hr 3.94 mill. Btu/hr 2.63 mill. Btu/hr 16.10 bill. Btu/yr 12.08 bill. Btu/yr 8.06 bill. Btu/yr $129,000 $96,600 $64,500 $65,000 27.0 $48,600 27.0 $32,500 27.0 1% 1% 1% GHP - open loop - 50,000 sf. bldg GHP - closed loop - 50,000 sf bldg Hybrid system - 50,000 sf bldg $75,000 $348,000 $0 $200,000 $145,000 $200,000 $275,000 $493,000 $200,000 $8,000 1.75 mill. Btu/hr 1.75 mill. Btu/hr 1.75 mill. Btu/hr 5.36 bill. Btu/yr 5.36 bill. Btu/yr 5.36 bill. Btu/yr $42,900 $34,900 7.9 $37,900 13.0 $32,900 6.1 13% 7% 16% Community Center Direct use of geothermal resource Open loop heat pump system Closed loop heat pump system Using waste water from pool $250,000 $150,000 $612,500 $200,000 $325,000 $315,000 $700,000 $450,000 $475,000 $927,500 $700,000 $12,000 $20,000 2.10 mill Btu/hr 2.10 mill Btu/hr 2.10 mill Btu/hr 2.10 mill Btu/hr 9.14 bill. Btu/yr 9.14 bill. Btu/yr 9.14 bill. Btu/yr 9.14 bill. Btu/yr $105,100 $105,100 $105,100 $105,100 $93,100 4.8 $85,100 5.6 $95,100 9.8 $65,100 10.8 21% 18% 10% 8.5% $0 $10,000 $40,000 Table 3. Cost Analysis of Potential Uses EQUIPMENT COST TOTAL CAPITAL COST GEOTHERMAL INCOME/YR SIMPLE PAYBACK RETURN ON INVESTMENT <1% <1% D = B + C G = Fx0.95x8760kWh G = Fx0.25x8760Btu H = G x $0.04/kWh H = G x $0.07/kWh H = G x $0.80/therm I = H - E J = D/I crf = I/D crf = capital recovery factor n = 30 years $5,000 $10,000 $42,900 $42,900 for GHP: G = Fx0.35x8760Btu therm = 1 x E5 Btu

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