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The first geothermal area to be exploited for commercial electricity generation was The Geysers, a complex of 22 geothermal power stations located in Sonoma and Lake counties of California, which was commissioned in September 1960. [1]
Paleo-Indians first used geothermal hot springs for warmth, cleansing, and minerals. [3] Pacific Gas and Electric opened the US' first commercial geothermal power plant at The Geysers in California in September 1960, initially producing eleven megawatts of net power. The Geysers system grew into the world's largest, with an output of 750 MW. [3]
The financial viability of these systems depends on the adequate sizing of ground heat exchangers (GHEs), which generally contribute the most to the overall capital costs of GSHP systems. [ 52 ] Commercial systems maintenance costs in the US have historically been between $0.11 to $0.22 per m 2 per year in 1996 dollars, much less than the ...
Enhanced geothermal systems tend to be on the high side of these ranges, with capital costs above $4 million per MW and levelized costs above $0.054 per kW·h in 2007. [ 51 ] Research suggests in-reservoir storage could increase the economic viability of enhanced geothermal systems in energy systems with a large share of variable renewable ...
Enhanced geothermal system: 1 Reservoir, 2 Pump house, 3 Heat exchanger, ... The goal of the Earthshot is to reduce the cost of EGS by 90%, to $45/megawatt hour by 2035.
Geothermal energy is a type of renewable energy that encourages conservation of natural resources. According to the US Environmental Protection Agency, geo-exchange systems save homeowners 30–70 percent in heating costs, and 20–50 percent in cooling costs, compared to conventional systems. [29]
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