Financial SAM Results 2020 – Towards 2030 Summary Exploration costs (reducing the risk) Costs of geothermal energy in Australia A.1 SAM inputs technical and engineering base cases – A.2 SAM inputs financial – Annex B Stakeholder engagement Key themes from stakeholder submissions Annex C Briefing note: Commercial Readiness Index ARENA’s Commercial Readiness Index Commercial Readiness Index in practice Commercial Readiness Level assessments for geothermal energy A comment on Technology Readiness Levels for Australian geothermal resources/technology Commercial Readiness Index Shallow Direct Use (Type A) – Commercial Readiness Assessment Deep Natural Reservoirs (Type B) – Commercial Readiness Assessment Enhanced Geothermal Systems (Type C) – C.1 Commercial Readiness Indicator Descriptions Regulatory environment Stakeholder acceptance Technical performance Financial proposition costs – Financial proposition revenue – Industry supply chain and skills Pathways to market Company maturity C.2 Technology Readiness Level Descriptions used by ARENA References Terms of Reference The Board of the Australian Renewable Energy Agency (ARENA) is seeking advice on the barriers to, and opportunities for, the development and deployment of geothermal energy in Australia. To this end, is establishing an International Geothermal Expert Group to assess Australia’s geothermal prospects and present its findings in the form of a written report and briefing to the ARENA Board and a report for public dissemination. The assessment will comprise the following: Determine whether, over the periods to 2020 and 2030, are plausible commercialisation pathways for either EGS or HSA geothermal energy to deliver cost competitive utility scale energy to Australia without long-term subsidy and to describe those pathways. Critically evaluate: the performance of Australia’s geothermal energy sector how effectively has it used the private – investment and public funding it has received to date? opportunities and threats to support a SWOT analysis of Australia’s geothermal energy sector, including
Financial SAM Results – 2020 Towards 2030 Summary Exploration costs (reducing the risk) Costs of geothermal energy in Australia A.1 SAM inputs technical and engineering – base cases A.2 SAM inputs – financial Annex B Stakeholder engagement Key themes from stakeholder submissions Annex C Briefing note: Commercial Readiness Index ARENA’s Commercial Readiness Index Commercial Readiness Index in practice Commercial Readiness Level assessments for geothermal energy A comment on Technology Readiness Levels for Australian geothermal resources/technology Commercial Readiness Index – Shallow Direct Use (Type A) Commercial Readiness Assessment – Deep Natural Reservoirs (Type B) Commercial Readiness Assessment – Enhanced Geothermal Systems (Type C) C.1 Commercial Readiness Indicator Descriptions Regulatory environment Stakeholder acceptance Technical performance Financial proposition – costs Financial proposition – revenue Industry supply chain and skills Pathways to market Company maturity C.2 Technology Readiness Level Descriptions used by ARENA References Terms of Reference The Board of the Australian Renewable Energy Agency (ARENA) is seeking advice on the barriers to, and opportunities for, the development and deployment of geothermal energy in Australia. To this end, is establishing an International Geothermal Expert Group to assess Australia’s geothermal prospects and present its findings in the form of a written report and briefing to the ARENA Board and a report for public dissemination. The assessment will comprise the following: Determine whether, over the periods to 2020 and 2030, are plausible commercialisation pathways for either EGS or HSA geothermal energy to deliver cost competitive utility scale energy to Australia without long-term subsidy and to describe those pathways. Critically evaluate: the performance of Australia’s geothermal energy sector – how effectively has it used the private investment and public funding it has received to date? opportunities and threats to support a SWOT analysis of Australia’s geothermal energy sector, including
ARENA-IGEG-report.docx