| Title | Development of Metric for Measuring the Impact of RD&D Funding on GTO’s Geothermal Exploration Goals |
|---|---|
| Authors | Scott JENNE, Katherine YOUNG, Hildigunnur THORSTEINSSON |
| Year | 2013 |
| Conference | Stanford Geothermal Workshop |
| Keywords | exploration, research and development impact, cost metric |
| Abstract | Development of Metric for Measuring the Impact of RD&D Funding on GTO’s Geothermal Exploration Goals Scott Jenne Katherine Young Hildigunnur Thorsteinsson National Renewable Energy Laboratory 15013 Denver West Parkway Golden, CO 80401-3305 e-mail: Scott.Jenne@NREL.gov Abstract The Department of Energy’s Geothermal Technology Office (GTO) provides RD&D funding for geothermal exploration technologies with the goal of lowering the risks and costs of geothermal development and exploration. The National Renewable Energy Laboratory (NREL) was tasked with developing a metric in 2012 to measure the impacts of this RD&D funding on the cost and time required for exploration activities. The development of this cost and time metric included collecting cost and time data for exploration techniques, creating a baseline suite of exploration techniques to which future exploration cost and time improvements can be compared, and developing an online tool for graphically showing potential project impacts (all available at http://en.openei.org/wiki/Gateway: Geothermal). This paper describes the methodology used to define the baseline exploration suite of techniques (baseline), as well as the approach that was used to create the cost and time data set that populates the baseline. The resulting product, an online tool for measuring impact, and the aggregated cost and time data are available on the Open Energy Information website (OpenEI, http://en.openei.org) for public access. |