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There’s no stopping Geothermal Energy: Join the bandwagon with Coproduction Maria Richards SMU Geothermal Laboratory Coordinator Dallas, Texas mrichard@smu.edu 214-768-1975. Geothermal Map of North America, 2004. Based on oil and gas well bottom hole temperatures. 10,000 feet depth.

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There’s no stopping Geothermal Energy: Join the bandwagon with Coproduction Maria Richards SMU Geothermal Laboratory Coordinator Dallas, Texas

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There’s no stopping Geothermal Energy:

Join the bandwagon with Coproduction

Maria Richards

SMU Geothermal Laboratory Coordinator

Dallas, Texas

mrichard@smu.edu

214-768-1975

Geothermal Map of North America, 2004

Based on oil and gas well bottom hole temperatures

10,000 feet depth

Uncorrected temperatures

2

1

200°F

1 - San Antonio

2 - Austin

12,000 feet depth

Uncorrected temperatures

300°F

2

1

200°F

1 - San Antonio

2 - Austin

Between 10,000 feet and 12,000 feet

> 18,000 wells in Gulf Coast

If 1 well = 1 MW ………..

If just 10% convert to geothermal production, that is over 1800 MW of energy!

Why not go for 30% and make it >6000 MW?

1MW Geothermal = 30 MW Wind

Geopressure Power Plant

• Pleasant Bayou, Brazoria, Texas 1989-1990

• 1 MW of electricity generated during DOE test of concept

Binary turbine using 165oF water

Chena Hot Springs, Alaska

7 cents per kW/h - producing 225 kW/h

Fall 2008

ORMAT Technologies, INC

What else do you need?

Geopressure

Public Information

-Assess

Resources

Power Plant Eng.

-Turbine

-Cooling Methods

Legal Regulations

Gov/Private

Leases

Economics

RECs/ Tax Credits

Transmission Lines

Oil & Gas Wells

Producing Water

Injection Wells

Abandoned Wells

ITEMS TO CONSIDER FOR DEVELOPMENT

Oil and Gas are “racing” to Geothermal

• Increases secondary recovery

• Dissolved gas resources developed

with geopressure projects

• Existing infrastructure - roads,

injection wells, transmission lines, etc.

• Service industry & their knowledge base

• Concern about carbon credits

Energy Dependence

LOCAL

SUSTAINABLE

Climate Change

GREEN

Pollution

National Security

DEPENDABLE

Economic Concerns

ZERO-EMISSION

Health

November 3-4, 2009

SMU Geothermal Laboratory Conference

Dallas, Texas

http://smu.edu/geothermal

Geothermal Incentives and Financing

Geothermal Electric Development

Texas H.B. 4433 Hydrocarbon Tax Exemption from Geothermal Wells (Effective September 1, 2009)

Natural Gas/ Crude Oil Production Tax - Exemption from Gas (7.5%) & Oil (4.6%) Severance Taxes

- with Production of Geothermal Energy

Creates a tax exemption for any

hydrocarbons incidentally produced

in association with the production of

geothermal energy.

Geothermal Incentives and Financing

Geothermal Heat Pumps

Texas LoanSTAR Revolving Loan Program

3% APR. Loans are repaid through energy cost savings. Projects must have an average payback of 10 years or less. Repayment of loan begins after construction is complete.

Targeted for public buildings, state agencies, school districts, higher education, local governments, and hospitals.

Maximum amount \$5 million. Program Budget \$98.6 million (revolving loan). Funding source: Petroleum Violation Escrow Funds

For information, guidelines, and application form:http://seco.cpa.state.tx.us/ls.htm

http://seco.cpa.state.tx.us/ls_guideline.htm

Geothermal Incentives and Financing

Geothermal Heat Pumps

U.S. HR 1424 Energy Improvement & Extension Act of '08

Home and Commercial building installation of new geothermal systems.

Homeowners - One time tax credit of 30% of the total investment for installation in 2009 or later years.

For systems placed in service in 2008, the \$2,000 limit still applies.

Commercial - Credit of 10% of the total investment (no maximum)

Available through December 31, 2016.

IRS Form 5695 for the Residential Energy Efficient Property Credit to claim the tax credit for Energy Star geothermal heat pumps.  http://www.irs.gov/pub/irs-pdf/f5695.pdf

Line 18 on the form is where you enter "Qualified geothermal heat pump property costs", & Line 19 you multiply costs by 30%.

30%

10%

Geothermal Incentives and Financing

Geothermal Grants

Renewable Partnership to Secure Energy for America (RPSEA.org)

Oil and Gas related research projects.

US Department of Energy - Grants.gov and Fedconnect.net

USDA - Rural Energy for America Program (REAP)

Federal program to increase renewable useage in rural areas.

American Recovery and Reinvestment Act (ARRA)for Texas

Comptroller's office compiled information for potential funding opportunities.

Energy Efficiency and Conservation Block Grant (EECBG) Program

http://www.window.state.tx.us/recovery/apply/grants.php

Geothermal Incentives and Financing

Geothermal Incentives for all States

Database of State Incentives for Renewables and Efficiency

DSIRE is a source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. http://www.dsireusa.org/

Includes Utility Rebates for each company.

Other ideas?

http://www.seco.cpa.state.tx.us/publications/renewenergy/

Geothermal Energy Section

### http://smu.edu/geothermal

Maria Richards

mrichard@smu.edu214-768-1975