Article - 04/01/2019

Geothermal comparison study

A geothermal comparison study of "GeoMagma" vs a conventional state-of-the-art geothermal powerplant with 2x45 MW plants, was presented by Mannvit and Equinor at the GRC Annual Meeting in 2018. The presentation included a CAPEX and OPEX comparison between the two options. "GeoMagma" stands for utilization of ultra high temperature geothermal system for power generation. Something that Mannvit has been researching in the IDDP project in Iceland and working on multiple geothermal plants world-wide. The presentation can be found here.

For more information on geothermal development and drilling