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GEOTHERMAL ECONOMIC IMPACT

GEOTHERMAL ECONOMIC IMPACT. James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM. GEOTHERMAL CORE DRILLING, MCGREGOR RANGE, NEW MEXICO. GEOTHERMAL DIRECT-USE. GREENHOUSES INDUSTRIAL USES AQUACULTURE SPACE/DISTRICT HEATING.

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GEOTHERMAL ECONOMIC IMPACT

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  1. GEOTHERMAL ECONOMIC IMPACT James C. Witcher Southwest Technology Development Institute NEW MEXICO STATE UNIVERSITY Las Cruces, NM GEOTHERMAL CORE DRILLING, MCGREGOR RANGE, NEW MEXICO

  2. GEOTHERMAL DIRECT-USE • GREENHOUSES • INDUSTRIAL USES • AQUACULTURE • SPACE/DISTRICT HEATING Plate and Frame Heat Exchanger SWTDI/NMSU Business Incubator Greenhouse, Las Cruces, New Mexico

  3. GEOTHERMAL GREENHOUSING

  4. GEOTHERMAL AQUACULTURE GEOTHERMAL TALAPIA FARM NEAR HYDER, ARIZONA

  5. GEOTHERMAL IS AN ECONOMIC DEVELOPMENT TOOL IN RURAL AREAS • SUMMARY OF WHOLESALE CASH RECIEPTS $$$$$$ Pump testing AmeriCulture 1 State well, Animas Valley, New Mexico

  6. GEOTHERMAL POWER CASH FLOW • $0.045 kW/hr cost (wholesale) • 8,760 hrs/yr • ~$394 thousand per MW/yr

  7. GEOTHERMAL GREENHOUSE CASH FLOW • Annual sales of $325,000 to $850,000 per acre (wholesale) • 4 to 8 employees per acre • $18,900/yr energy savings per acre in southern New Mexico • 4,200 MMbtu/yr at $1.50/MMbtu • Natural gas $6.00/MMbtu (boiler inefficiency included)

  8. DEVELOPMENT INFRASTRUCTURE • PRODUCTION WELLS • INJECTION WELLS • HEAT EXCHANGERS • PIPE LINES Drilling Masson 36 well, Radium Springs, New Mexico

  9. DEVELOPMENT APPROACH • RESOURCE ASSESSMENT AND RESERVOIR CONFIRMATION • ENGINEERING FEASIBILITY • PERMITTING • BUSINESS AND MARKETING PLAN • RESOURCE MANAGEMENT PLAN Alligator aquaculture, Alamosa, Colorado

  10. GEOTHERMAL GREENHOUSING • NEW MEXICO LEADS THE NATION IN GEOTHERMAL GREENHOUSE ACREAGE • A TOP TEN RANKING IN AGRICULTURE SECTOR ECONOMY AHEAD OF CHILE • GROWTH POTENTIAL VERY HIGH • PAST GROWTH SPURRED BY SWTDI/NMSU RESEARCH AND BUSINESS INCUBATOR GREENHOUSE IN LAS CRUCES

  11. SOUTHWEST TECHNOLOGY DEVELOPMENT INSTITUTE AT NEW MEXICO STATE UNIVERSITY GEOTHERMAL GREENHOUSE • FIVE CLIENTS SINCE 1987 – FIFTH CLIENT CURRENTLY LEASING FACILITY • FOUR COMMERCIAL GREENHOUSES WITH TOTAL ACREAGE OVER 30 ACRES • 18 ACRES ARE GEOTHERMALLY-HEATED • ESTIMATED 270 JOBS CREATED • ESTIMATED CAPITAL INVESTMENT MORE THAN $10 MILLION • ESTIMATED ANNUAL SALES OVER $14 MILLION SWTDI/NMSU Business Incubator Geothermal Greenhouse Las Cruces, New Mexico

  12. CONCLUSION • Direct-use geothermal can be an economic development tool is rural areas. • Successful geothermal projects require a sound business plan. • A university-based business incubator coupled with technical assistance can spur successful development.

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