- Research Article
2
- 10.1049/icp.2022.3315
Evaluation model of enhanced geothermal system projects based on multi-criteria decision-making
- Jan 16, 2023
- IET Conference Proceedings
- S Raos + 2 more +2
This paper presents the main features and characteristics of the evaluation model of enhanced geothermal system projects based on multi-criteria decision-making. The model is a simulation model and evaluates the enhanced geothermal system projects in a holistic way. Considering geological setting characteristics, technology details, the economics of the project, social impact, and associated environmental impact enables a comprehensive assessment of such projects. The model is capable of calculating main performance metrics such as production quantities, losses, efficiencies, avoided CO2 emissions, and main economic metrics such as levelized cost of energy, the net present value of the project, yearly cash flows etc. Additionally, the model integrates a multi-criteria decision-making sub-module, enabling users to assess and compare different project options and scenarios.
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