Geological gas storage: H2 and CO2 intercalation into smectite interlayers
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This is a presentation featuring an analysis related to SMART Task 6 in which CO2 storage costs are presented. The National Energy Technology Laboratory has developed the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) model to provide quantitative cost-based insights to support developers planning CO2 injection and storage projects. TALES calculates the revenues, costs, and financial performance of candidate CO2 saline storage project based on site-specific activity costs and financial parameters. TALES is being integrated as a module pertaining to storage cost as part of the broader SMART Visualization and Decision Support Platform (SVDSP). In this study, the TALES model was applied using real activity cost data associated with the development and operations at the Illinois Basin Decatur Project (IBDP) CO2 storage project site. Scenario analysis was implemented in which crucial operational and cost attributes were varied and the associated cost implications observed. Key results data and project cost summary metrics like first-year breakeven price of CO2 ($/tonne) and net present value (NPV) are presented in similar fashion to how they will appear in the SVDSP.
Poster presented at the 17th International Conference on Greenhouse Gas Control Technologies GHGT-17 held in Calgary, Canada, October 20-24, 2024. In this poster, a physics-based method, CRM is coupled with the advanced artificial intelligence (AI)/machine learning (ML) models in virtual learning environment (VLE) for three-dimension details of reservoir responses and evaluations for a comprehensive understanding for CCS field operations and reservoir managements.
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Overview presentation summarizing computational risk assessment/risk management tools and recommended practices developed by the U.S. DOE's National Risk Assessment Partnership.
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CO 2 Plume Geothermal (CPG) power plants can use gigatonne-levels of CO 2 sequestration to generate electricity, but it is unknown if the resources that support low-cost CPG power align with the resources that support low-cost CO 2 sequestration. Here, we estimate and compare the geospatially-distributed cost of CPG and CO 2 storage across a portion of North America. We find that the locations with lowest-cost CO 2 storage are different than the locations with lowest-cost CPG. There are also locations with low-cost CO 2 storage (<$5/tCO 2 ) that do not support CPG power generation due to insufficient reservoir transmissivity or temperature. Thus, CPG development may require electricity prices that are greater than the levelized cost of electricity (LCOE) to offset the increased cost of sequestration. We introduce the “Additional Cost of Electricity (ACOE)” metric to account for this cost and add it to the LCOE to calculate breakeven electricity prices that are required for CPG development. We find that breakeven prices are lower when new CO 2 injection wells are drilled specifically for CPG (i.e., “greenfield” CPG development) compared to if only existing CO 2 sequestration injection wells are used (i.e., “brownfield” CPG development). This is because comparatively few wells are needed for sequestration-only, and the increased power capacity from having more CPG wells outweighs the increased costs from more drilling. We also find that sequestered CO 2 could be used to approximately triple the United States geothermal electricity power capacity via a single CPG “sweet spot” in South Dakota, but that breakeven electricity price for this development is on the order of $200/MW e h.