Key Issue: Could you explain the market opportunity within the Geothermal power market ?

Recommended artist: Son House

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Geothermal Market Opportunity by State:

California:

The Salton Sea KGRA, located near Calipatria, has an estimated resource of 2,500 MW and an annual revenue potential of $2.37 billion. The area could support 405 wells, with a current well cost of $2.03 billion (at $5M per well) or $4.05 billion (at $10M per well). This KGRA is known for its high-temperature resources and potential for lithium extraction.

The Coso KGRA, near Ridgecrest, has an estimated resource of 750 MW and an annual revenue potential of $709.56 million. It could support 122 wells, with a current well cost of $610 million (at $5M per well) or $1.22 billion (at $10M per well). Coso is notable for its high-temperature resources and existing power plants.

The Geysers KGRA, close to Healdsburg, has an estimated resource of 1,500 MW and an annual revenue potential of $1.42 billion. The area could support 243 wells, with a current well cost of $1.22 billion (at $5M per well) or $2.43 billion (at $10M per well). The Geysers is the world's largest geothermal field, with a long history of power production.

Nevada:

The Beowawe KGRA, near the town of Beowawe, has an estimated resource of 150 MW and an annual revenue potential of $141.91 million. It could support 24 wells, with a current well cost of $120 million (at $5M per well) or $240 million (at $10M per well). Beowawe is known for its high-temperature resources and existing power plant.

Utah:

The Roosevelt Hot Springs KGRA, near Milford, has an estimated resource of 250 MW and an annual revenue potential of $236.52 million. The area could support 41 wells, with a current well cost of $205 million (at $5M per well) or $410 million (at $10M per well). Roosevelt Hot Springs is known for its high-temperature resources and existing power plant.

The Cove Fort-Sulphurdale KGRA, close to Beaver, has an estimated resource of 150 MW and an annual revenue potential of $141.91 million. It could support 24 wells, with a current well cost of $120 million (at $5M per well) or $240 million (at $10M per well). This KGRA is notable for its high-temperature resources and existing power plants.

Oregon:

The Newberry Volcano KGRA, near Bend, has an estimated resource of 500 MW and an annual revenue potential of $473.04 million. The area could support 81 wells, with a current well cost of $405 million (at $5M per well) or $810 million (at $10M per well). Newberry Volcano is known for its high-temperature resources and ongoing geothermal exploration.

The Neal Hot Springs KGRA, close to Vale, has an estimated resource of 35 MW and an annual revenue potential of $33.11 million. It could support 6 wells, with a current well cost of $30 million (at $5M per well) or $60 million (at $10M per well). Neal Hot Springs is notable for its existing binary power plant.

Idaho:

The Raft River KGRA, near Burley, has an estimated resource of 150 MW and an annual revenue potential of $141.91 million. The area could support 24 wells, with a current well cost of $120 million (at $5M per well) or $240 million (at $10M per well). Raft River is known for its moderate-temperature resources and existing binary power plant.

Employment Opportunities:
Based on the assumption of 1 job per $1 million in revenue, the geothermal market could create significant employment opportunities in each state:

California: 4,494 jobs (2,365 in Salton Sea, 710 in Coso, and 1,419 in The Geysers)

Nevada: 142 jobs (in Beowawe)

Utah: 378 jobs (237 in Roosevelt Hot Springs and 142 in Cove Fort-Sulphurdale)

Oregon: 506 jobs (473 in Newberry Volcano and 33 in Neal Hot Springs)

Idaho: 142 jobs (in Raft River)

These employment opportunities include roles in construction, operation, and maintenance of geothermal power plants, as well as indirect jobs in supporting industries and local communities.

In conclusion, the geothermal market in these five states presents substantial revenue and employment opportunities, with California having the largest potential, followed by Oregon, Utah, Idaho, and Nevada. The development of these geothermal resources can contribute to local economies, provide clean energy, and support the transition to a more sustainable future.