by Starvid » Sat 24 Sep 2005, 05:33:29
$this->bbcode_second_pass_quote('', 'A') comparison of the renewable energy sources (data from the UN World Energy Assessment Report update, 2004) shows the current electrical energy cost to be 2-10 UScents/kWh for geothermal and hydro, 4-8 UScents/kWh for wind, 3-12 UScents/kWh for biomass, 25-160 UScents/kWh for solarphotovoltaic and 12-34 UScents/kWh for solar thermal electricity.
You can see that geothermal is comparable in cost to hydro. The potential for generation of electrical energy from geothermal in USA is enormous. (See above, about 40TW). Fridleifsson points out that geothermal energy can also be used just about anywhere in the world to supply heat pumps for heating or cooling.
Well, there is quite a big difference between 2 and 10 cents. I have yet to see a hydro plants with costs of 10 cents per kWh. Our hydro plants have production costs of 1-2 cents per kWh, since they were built in the sixties and the loans have been payed off, which makes the electricity dirt cheap. If geothermal electricity can be produced at an competitive 3 cents per kWh it will make me very happy, but I believe it when I see it.
Iceland does have big geothermal plants and I figure their costs are pretty low, but Iceland is blessed with astounding geothermal resources.
Heat pumps are quite another thing, and they sure are really great, but one shouldn't compare them with electrical plants.