Status of North American CO2 Capture and Storage (CCS) Projects - presentatio...
GreenWell 2013
1. GreenWell Renewable Power Corporation
(GRPC)
Introduction to GreenWell
2013
GreenWell Renewable Power Corporation
2. GreenWell Renewable Power Corp (GRPC)
• The goal is to develop a profitable set of
electrical utility base load power projects using
renewable and fossil energy reserves from Geo-
pressured wells.
• This goal will be accomplished in conjunction
with our Partner Vision Exploration, and will be
initially focused on the US states of Mississippi,
Louisiana and Texas.
3. GRPC has Developed a System to Integrate the
Renewable and Fossil Fuel Sources
• GreenWell has now developed an integrated power plant
design and process for renewable and fossil fuels and,
through our experienced personnel, will profitably develop,
build and operate a major series of electricity producing
power plants.
• GreenWell has put together a team of scientists, engineers,
project developers and technology leaders that will work
hand in hand with stakeholders, Governmental and
Regulatory decision makers to extract energy from geo-
pressurized energy sources.
• GreenWell’s Board of Directors have extensive experience
with Government as well as Private Energy entities in all
the integrated areas of concerns.
4. GRPC Overall Strategy
GRPC is positioned as a leading utility scale electricity generation
project developer by utilizing co-produced hot geothermal energy
and natural gas
• We have identified geo-pressurized hot brine and saturated natural
gas zones.
• We will take full advantage of all tax incentives and renewable
energy credits.
• Capture significant geothermal acreage leaseholds to be first mover
to value these assets by demonstrating generation potential.
• Reduce risk and cost by partnering with an experienced production
well developer (Vision Exploration), using available sub-surface data
and existing re-injection wells.
• Develop projects that generate utility-scale, base load electricity
from proven renewable and fossil reserves using established
technologies.
11. Geo-Pressurized Geothermal Economic Terms
• Kinetic Energy Economics: KEE Machine
• Potential energy captured as hydraulic energy at a mass flow
rate of 10,000 barrels of brine per day.
• Thermal Energy Economics:
• 285 degree F hot brine Thermal Energy : ORC Machine
• Chemical Energy Economics:
• 70 standard cubic feet of entrained Natural Gas in the Brine:
Rotary Engine Machine
11
Total Energy Production(~ 6 MWe) = Potential Energy Capture +
Geothermal Temperature Energy + Geothermal Nat Gas Energy
12. Each ~ 6 MWe Power Plant
Requires both a Production
Well & 2 Re-injection Wells
Electricity Generation Platform and Subsurface
Well Bores
• 12,000 – 14,000 Feet
• 280° - 320° F
13.
14.
15. 1300*F EXHAUST
W/ HEAT RECOVERY
NATURAL GAS MODUAL W / COOLING TOWER (CAP. For 3 ORCs)
ORC
GENSET
SWITCHGEAR
COOLING
TOWER
16.
17. Preliminary IRR Calculation for 1st Project
Assumptions:
• Flow rate of brine to surface –- 10,000 Barrels per day*
• *The decline rate (if any) of the initial project reservoir is not known at this
time, but from known connectivity and conductivity studies, we believe the
above assumption to be conservative and that the rate will sustain.
• Pressure at surface of the brine flow stream — 2500 psi
• Temperature of Brine at entrance of ORC – 285 degrees F
• Natural Gas content in brine to Rotary Engines – 70 scf per bbl of brine. This
gives much higher temp and more efficient ORC’s
• PPA (8.5 cents/kw-hr) plus PTC credit (assumed 1.5 cents/kw-hr).
• Therefore, Total Revenue from Project # 1 = 10 cents /KWe-hr.
• Initial project has only a 50 KWe KEE (250 kw-hr KEE in 2nd project).
• Lease 1000 acres initially at assumed $ 300, option 4000 acres at $100/acre.
18. Preliminary IRR Calculation
• Total CAPEX for Project #1 required is $13.25 M US
• The preliminary simple IRR is based on the total
cost of Project (above):
• Included are costs for Leasehold acquisition,
Production well drilling and prep, re-injection well
re-work, plus total cost of surface power plant
(labor, materials, grid connection), plus initial total
cost of final design and labor/materials,
construction and testing of 50 KWe KEE.
• IRR= 24.3 %