- Oct 9, 1999
- 46,864
- 10,649
- 147
FP article I believe is not paywalled.
Geothermal power also brings security benefits. [...] This is true for vital U.S. territories, including the Aleutian islands of Unalaska and Adak; Shemya Island; Guam; and Hawaii.
For Taiwan, which faces the real risk of a blockade by China, each gigawatt of geothermal power brought online could, potentially displace about 1.25 million tons per year of liquified natural gas imports, or roughly 6 percent of the island’s total import volume in 2023. That estimate assumes that the geothermal facilities run at a 90 percent utilization rate and that the LNG would have been used to generate electricity in modern combined cycle power plants with a 50 percent thermal efficiency.
[...]
A U.S. Energy Department analysis notes that to achieve commercial scale in the next generation geothermal space, early-stage developments will likely require “unique developer classes with strategic motivations” who “will likely fund projects entirely with equity.”
The Energy Department estimates that at present, a 30 MW next-generation geothermal project of the type needed in an Aleutian context likely costs about $450 million to complete all surface and subsurface work. Such a project could be built with a combination of a grant and a low-interest federal loan, on the condition that development emphasizes next generation geothermal technologies of U.S. origin. Abundant geothermal energy could revolutionize Aleutian energy supplies and set the stage for a broader geoeconomic push to scale new geothermal opportunities in Taiwan, Indonesia, the Philippines, and elsewhere across the Indo-Pacific to the benefit of partner and U.S. interests alike.
Geothermal power also brings security benefits. [...] This is true for vital U.S. territories, including the Aleutian islands of Unalaska and Adak; Shemya Island; Guam; and Hawaii.
For Taiwan, which faces the real risk of a blockade by China, each gigawatt of geothermal power brought online could, potentially displace about 1.25 million tons per year of liquified natural gas imports, or roughly 6 percent of the island’s total import volume in 2023. That estimate assumes that the geothermal facilities run at a 90 percent utilization rate and that the LNG would have been used to generate electricity in modern combined cycle power plants with a 50 percent thermal efficiency.
[...]
A U.S. Energy Department analysis notes that to achieve commercial scale in the next generation geothermal space, early-stage developments will likely require “unique developer classes with strategic motivations” who “will likely fund projects entirely with equity.”
The Energy Department estimates that at present, a 30 MW next-generation geothermal project of the type needed in an Aleutian context likely costs about $450 million to complete all surface and subsurface work. Such a project could be built with a combination of a grant and a low-interest federal loan, on the condition that development emphasizes next generation geothermal technologies of U.S. origin. Abundant geothermal energy could revolutionize Aleutian energy supplies and set the stage for a broader geoeconomic push to scale new geothermal opportunities in Taiwan, Indonesia, the Philippines, and elsewhere across the Indo-Pacific to the benefit of partner and U.S. interests alike.