Geothermal Energy | Center for Climate and Energy Solutions - 0 views
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Table 1: Levelized cost of capital electricityInitial Capital InvestmentCost of Power (cents/kWh)*$2400 per KW3.99 - 5.76$2900 per KW4.40 – 6.54$3400 per KW4.81 – 7.33
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A price on carbon, such as that which would exist under a GHG cap-and-trade program, would raise the cost of electricity produced from fossil fuels relative to the cost of electricity from renewable sources, such as geothermal energy, and other lower-carbon technologies.
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"Geothermal energy can be used for electricity generation, heat pumps, or direct uses. This document focuses only on the traditional, commercially available technologies that produce electricity by exploiting the naturally occurring heat of the earth. Enhanced geothermal systems, which utilize advanced (often experimental) drilling and fluid injection techniques to augment and expand the availability of geothermal resources, are the subject of a separate factsheet (see Climate TechBook: Enhanced Geothermal Systems)."