This techno-economic analysis demonstrates that enhanced geothermal systems (EGS) have significant potential to provide clean, secure, and affordable baseload electricity in western and northwestern Canada.
The study models costs and energy generation for EGS at four locations, finding that present-day costs are already competitive with other baseload electricity generation options, particularly in regions with hotter geothermal gradients.
The analysis suggests that EGS could achieve extremely competitive costs in a future innovation scenario, below 4¢/kWh in some cases, making it an attractive option for clean, firm energy generation.
Overall, the findings highlight the opportunity for EGS to play a crucial role in Canada’s clean energy future.
