Day 1: Foundations
- Introduction to geothermal power and to risk and uncertainty
- Alignment: introductory lecture to establish a common understanding of the principles, terminology, and unique challenges of the geothermal business. This session ensures all participants start from the same page, regardless of background.
- Exercise 1: Thermal regime analysis of a geothermal well.
- Exercise 2: Opportunity screening using the Power Density Methodology.
Day 2: Case Studies, Framework, and REM
- Learning from the field – Case Studies: Analysis of real-world geothermal projects, with a focus on the lessons learned form their risk and uncertainty profiles.
- Framework for risk and uncertainty assessment in geothermal projects. Explore the theoretical and practical foundations for evaluating uncertainty and risk in geothermal projects – from resource potential to financial viability.
- Introduction to the Reverse Enthalpy Methodology (REM), an innovative approach developed specifically for geothermal projects. You will learn how to integrate geological, technical, and economic uncertainties into a coherent evaluation framework.
Day 3: Exercise, Integration, Consolidation
- Capstone exercise: Participants will apply the concepts and tools learned to perform a technical and economic evaluation, and ranking, of a set of geothermal blocks.
- Integration: guided discussion to consolidate knowledge and reflect on the methodologies covered.