1. WELL POWER ENERGY LLC Re-Completing Gas Wells In Mississippi and Texas Using Linear Driver Technology Frank Smith, President Sologen Systems LLC January 12, 2010
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9. WHY IS THE INTERNATIONAL PRESS INTERESTED IN A GEOTHERMAL PROJECT IN TEXAS?
10. GENERATION TECHNOLOGY COMPARISON Source: CPS Energy, August 10, 2009 (geothermal added) Traditional Generation Renewable Generation NUCLEAR COAL GAS WIND SOLAR THERMAL GEO THERMAL Targeted Generation Baseload Baseload Baseload & Peak Variable Variable Baseload Total Cost Per MW $4.8 M $3.2 M $0.9 M $2.5 M $11.4 M $0.75 M Fuel Cost /MM Btu $0.80 $2.40 $8.60 $0.00 $0.00 $0.00 Capacity Factor 85% 85% 50% 34% 41% 90% Cost of Electricity 8.5¢ 10.5¢ 10.5¢ 12.5¢ 21.0¢ 9.0¢ Emissions None High Medium None None None Water Use High High Low – Medium None High None
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14. TEXAS RENEWABLE ENERGY POTENTIAL *1 quad = 293,071,000,000 KWh or about 8 BILLION gallons of gasoline Source: Texas Renewable Energy Resource Assessment, Dec 2008 Resource Total Physical Resource (quads*/yr) Accessible Resource (quads*/yr) Energy Density (MJ/m 2 /yr) SOLAR 4,300 250 8,000 WIND 22 7 500 BIOMASS 9 1 500 WATER 0.10 0.02 10 GEOTHERMAL 400,000 81,000 600
29. ANNUAL WELL PRODUCTION Per MW 2 MW Well 5 MW Well Electric Production $788,400 $1,576,800 $3,942,000 Tax Credits $183,960 $367,920 $919,800 TOTAL $972,360 $1,944,720 $4,861,800 Capital Cost $750,000 $1,500,000 $3,750,000
