![]() ![]() In addition to electricity generation, direct-use heat applications and combined heat and power or cogeneration can be modeled. GEOPHIRES combines reservoir, wellbore, and surface plant technical models with cost correlations and levelized cost models to estimate the capital and operation and maintenance costs, instantaneous and lifetime energy production, and overall levelized cost of energy of a geothermal plant. This paper presents a new version (v2.0) of the geothermal techno-economic simulation tool GEOPHIRES.
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