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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
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
GEOTHERMAL DIRECT-USE
  • GREENHOUSES
  • INDUSTRIAL USES
  • AQUACULTURE
  • SPACE/DISTRICT HEATING

Plate and Frame Heat Exchanger SWTDI/NMSU Business Incubator Greenhouse, Las Cruces, New Mexico

geothermal aquaculture
GEOTHERMAL AQUACULTURE

GEOTHERMAL TALAPIA FARM NEAR HYDER, ARIZONA

geothermal is an economic development tool in rural areas
GEOTHERMAL IS AN ECONOMIC DEVELOPMENT TOOL IN RURAL AREAS
  • SUMMARY OF WHOLESALE CASH RECIEPTS

$$$$$$

Pump testing AmeriCulture 1 State well, Animas Valley, New Mexico

geothermal power cash flow
GEOTHERMAL POWER CASH FLOW
  • $0.045 kW/hr cost (wholesale)
  • 8,760 hrs/yr
  • ~$394 thousand per MW/yr
geothermal greenhouse cash flow
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)
development infrastructure
DEVELOPMENT INFRASTRUCTURE
  • PRODUCTION WELLS
  • INJECTION WELLS
  • HEAT EXCHANGERS
  • PIPE LINES

Drilling Masson 36 well, Radium Springs, New Mexico

development approach
DEVELOPMENT APPROACH
  • RESOURCE ASSESSMENT AND RESERVOIR CONFIRMATION
  • ENGINEERING FEASIBILITY
  • PERMITTING
  • BUSINESS AND MARKETING PLAN
  • RESOURCE MANAGEMENT PLAN

Alligator aquaculture, Alamosa, Colorado

geothermal greenhousing1
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
southwest technology development institute at new mexico state university geothermal greenhouse
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

conclusion
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.