Description:
For the purposes of this paper, sustainability is defined as
the ability to economically maintain the installed capacity,
over the amortized life of a power plant, by taking practical
steps (such as, make-up well drilling) to compensate for
resource degradation (pressure drawdown and/or cooling).
Renewability is defined here as the ability to maintain the
installed power capacity indefinitely without encountering
any resource degradation; renewable capacity is, however,
often too small for commercial development. This paper
also considers an additional level of commercial capacity
(above the sustainable level) that is not planned to be
maintained fully over the entire plant life as mitigation of
resource degradation would become uneconomic or
otherwise impractical at some point. This declining
capacity above the sustainable level is considered
commercial only if the levelized power cost is lower than
that from alternative renewable, or environmentally benign,
energy sources. Even if power cost at this unsustained
commercial generation level proves higher than that from
fossil fuels, this additional capacity can reduce fossil fuel
usage if power from renewable or environmentally benign
energy resources is given adequate tax breaks or price
support. Displacement of fossil fuel usage is a social
imperative that would reduce environmental pollution today
and preserve these fuels as raw material for organic
chemicals, and for potentially cleaner power generation in
the future.