Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview

Guangdong Zhu; Dayo Akindipe; Joshua McTigue; Erik Witter; Trevor Atkinson; Travis McLing; Ram Kumar; Pat Dobson; Mike Umbro; Jim Lederhos; Derek Adams

doi:10.2118/215756-MS

Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview

Guangdong Zhu, Dayo Akindipe, Joshua McTigue, Erik Witter, Trevor Atkinson, Travis McLing, Ram Kumar, Pat Dobson, Mike Umbro, Jim Lederhos, Derek Adams

Center for Energy Conversion and Storage Systems

Research output: Contribution to conference › Paper › peer-review

2 Scopus Citations

Abstract

Depleted oil/gas reservoirs represent a waste of underground resource ad investments of drilling, and also a potential risk to the earth's environment. Geologic thermal energy storage (GeoTES) is proposed as a solution to convert depleted oil/gas reservoirs into long-term seasonal energy storage. GeoTES can be hybridized with other techniques for viable commercial deployment, such as 1) concentration solar power (CSP) collectors and 2) heat pumps with excess renewable energy. Here, a technology overview is given on two GeoTES technologies, which includes system overview, techno-economic models and case study. Both GeoTES are shown a great potential in economics of individual project deployment and applicability across the US.

Original language	American English
Number of pages	9
DOIs	https://doi.org/10.2118/215756-MS https://doi.org/10.2118/215756-MS
State	Published - 2023
Event	2023 SPE Energy Transition Symposium, ETS 2023 - Houston, United States Duration: 22 Aug 2023 → 23 Aug 2023

Conference

Conference	2023 SPE Energy Transition Symposium, ETS 2023
Country/Territory	United States
City	Houston
Period	22/08/23 → 23/08/23

Bibliographical note

See NREL/CP-5700-86609 for preprint

NREL Publication Number

NREL/CP-5700-87694

Other Report Number

Paper No. SPE-215756-MS

Keywords

concentrating solar power
CSP
heat pumps
oil and gas
thermal energy storage

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Zhu, G., Akindipe, D., McTigue, J., Witter, E., Atkinson, T., McLing, T., Kumar, R., Dobson, P., Umbro, M., Lederhos, J., & Adams, D. (2023). Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview. Paper presented at 2023 SPE Energy Transition Symposium, ETS 2023, Houston, United States. https://doi.org/10.2118/215756-MS, https://doi.org/10.2118/215756-MS

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abstract = "Depleted oil/gas reservoirs represent a waste of underground resource ad investments of drilling, and also a potential risk to the earth's environment. Geologic thermal energy storage (GeoTES) is proposed as a solution to convert depleted oil/gas reservoirs into long-term seasonal energy storage. GeoTES can be hybridized with other techniques for viable commercial deployment, such as 1) concentration solar power (CSP) collectors and 2) heat pumps with excess renewable energy. Here, a technology overview is given on two GeoTES technologies, which includes system overview, techno-economic models and case study. Both GeoTES are shown a great potential in economics of individual project deployment and applicability across the US.",

keywords = "concentrating solar power, CSP, heat pumps, oil and gas, thermal energy storage",

author = "Guangdong Zhu and Dayo Akindipe and Joshua McTigue and Erik Witter and Trevor Atkinson and Travis McLing and Ram Kumar and Pat Dobson and Mike Umbro and Jim Lederhos and Derek Adams",

note = "See NREL/CP-5700-86609 for preprint; 2023 SPE Energy Transition Symposium, ETS 2023 ; Conference date: 22-08-2023 Through 23-08-2023",

year = "2023",

doi = "10.2118/215756-MS",

language = "American English",

}

Zhu, G , Akindipe, D , McTigue, J , Witter, E, Atkinson, T, McLing, T, Kumar, R, Dobson, P, Umbro, M, Lederhos, J & Adams, D 2023, 'Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview', Paper presented at 2023 SPE Energy Transition Symposium, ETS 2023, Houston, United States, 22/08/23 - 23/08/23. https://doi.org/10.2118/215756-MS, https://doi.org/10.2118/215756-MS

Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview. / Zhu, Guangdong ; Akindipe, Dayo ; McTigue, Joshua et al.
2023. Paper presented at 2023 SPE Energy Transition Symposium, ETS 2023, Houston, United States.

Research output: Contribution to conference › Paper › peer-review

TY - CONF

T1 - Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview

AU - Zhu, Guangdong

AU - Akindipe, Dayo

AU - McTigue, Joshua

AU - Witter, Erik

AU - Atkinson, Trevor

AU - McLing, Travis

AU - Kumar, Ram

AU - Dobson, Pat

AU - Umbro, Mike

AU - Lederhos, Jim

AU - Adams, Derek

N1 - See NREL/CP-5700-86609 for preprint

PY - 2023

Y1 - 2023

N2 - Depleted oil/gas reservoirs represent a waste of underground resource ad investments of drilling, and also a potential risk to the earth's environment. Geologic thermal energy storage (GeoTES) is proposed as a solution to convert depleted oil/gas reservoirs into long-term seasonal energy storage. GeoTES can be hybridized with other techniques for viable commercial deployment, such as 1) concentration solar power (CSP) collectors and 2) heat pumps with excess renewable energy. Here, a technology overview is given on two GeoTES technologies, which includes system overview, techno-economic models and case study. Both GeoTES are shown a great potential in economics of individual project deployment and applicability across the US.

AB - Depleted oil/gas reservoirs represent a waste of underground resource ad investments of drilling, and also a potential risk to the earth's environment. Geologic thermal energy storage (GeoTES) is proposed as a solution to convert depleted oil/gas reservoirs into long-term seasonal energy storage. GeoTES can be hybridized with other techniques for viable commercial deployment, such as 1) concentration solar power (CSP) collectors and 2) heat pumps with excess renewable energy. Here, a technology overview is given on two GeoTES technologies, which includes system overview, techno-economic models and case study. Both GeoTES are shown a great potential in economics of individual project deployment and applicability across the US.

KW - concentrating solar power

KW - CSP

KW - heat pumps

KW - oil and gas

KW - thermal energy storage

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DO - 10.2118/215756-MS

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T2 - 2023 SPE Energy Transition Symposium, ETS 2023

Y2 - 22 August 2023 through 23 August 2023

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Zhu G , Akindipe D , McTigue J , Witter E, Atkinson T, McLing T et al.. Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview. 2023. Paper presented at 2023 SPE Energy Transition Symposium, ETS 2023, Houston, United States. doi: 10.2118/215756-MS, 10.2118/215756-MS

Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps Into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview

Abstract

Conference

Bibliographical note

NREL Publication Number

Other Report Number

Keywords

UN SDGs

Access to Document

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Cite this