Applichem Case
Section 1: Alternative Means for Power Generation Three alternative means of generating power are: * Geothermal * Biomass * Nuclear Geothermal This is renewable heat energy from deep inside the earth. ... Technical Feasibility * There is vast amount of geothermal energy produced around the world and the increasing capacity indicates a reliable and safe method of generating power. * Able to run 24 hours a day and is independent of weather and fuel Cost * For electricity generation, the cost of drilling and steam gathering system is typically in the range 25 - 50 % of the total cost of the project * The cost of field development varies depending on the depth and topography of the situation Cost of Generation * The production cost in most countries are in the range 30 60 USD/MWh and with this price range, geothermal energy can compete with other forms of energy. ... It has major consequences to all living things in an ecosystem Acceptability to the Community * Socially acceptable as the resource required is ‘free’ and available * The reduction of waste also makes this form of energy generation attractive to the public Nuclear This type of energy generation is both controversial and popular in many areas around the world. Using a method called nuclear fission; power can be generated but will not be discussed here due to space constraints. ... nuclear power plants achieved a capacity factor of 70 percent or higher. ... 77 percent of Americas nuclear power plants achieved capacity factors of 70 percent or higher.” (Nuclear Energy Institute) * It is technically feasible to build a nuclear power plant in Australia. Cost * Costs to set up the plant is comparable to coal * This still means a significant initial overlay as safety procedures and backup plans have to be created Cost of Generation * This is relatively cheap as the process is efficient * The fuel cost is the main commodity that is required and this fluctuates according to supply and market forces Proximity to Energy Sources * Australia has great sources of uranium, the main component in nuclear energy.