A recent study by Bloomberg New Energy Finance looks at the capacity factors of geothermal power plants world-wide and shows they are not as high as they theoretically could be, but still remain an important and valid base-load capacity source of power generation.Released to subscribers in October, Bloomberg New Energy Finance (BNEF) released a research note on Geothermal Plant Performance, asking the question if the high capacity factors stated by the industry are a fact, or more a matter of fiction.
The findings are interesting not only for the geothermal industry that sees its high capacity factors as one of the key selling arguments. While the research shows that geothermal energy is still a very favorable base-load capacity energy source for utilities world-wide, capacity factors are often not as high as they theoretically could be.
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