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Originally Posted by Fuzz
https://twitter.com/user/status/1693682798924824944
They paused geothermal too??? What a bunch of morons. Good thing they are helping our homegrown energy companies find markets in Europe, since they've been kicked in the balls here. The incompetence is incalculable.
Oh please, UCP defenders of our brittle deregulated energy market, tell me how this makes sense.
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I'd suspect that it's because the Eavor solution is very expensive by North America standards, but Germany is desperate for energy with the war in Ukraine and the shutdown of its last nuclear power plants.
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The first commercial-scale project is likely to be built in Germany at a site in Geretstried owned by Enex Power Company, which was attempting to create its own geothermal energy project, but found there wasn't enough heat for the type of installation it was planning.
There is, however, enough heat to run an Eavor-Loop. And the geothermal permits are already in place, as well as a deal with the German government to buy the power produced for about $270 per megawatt-hour. And there's a couple of wells already drilled. An ideal first project.
Eavor CEO John Redfern told Recharge News this first project is likely to start out as a 10-MW station, with construction starting next January if it gets the green light. But there's ample space at the site to ramp it up to 200 MW simply by adding more underground loops. Scaling up to this degree would cost around $2.9 billion.
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https://newatlas.com/energy/bp-chevr...othermal-loop/