Uncertainty quantification in a heterogeneous fluvial sandstone reservoir using GPU-based Monte Carlo simulation

The efficient operation and management of a geothermal project can be largely affected by geological, physical, operational and economic uncertainties. Systematic uncertainty quantification (UQ) involving these parameters helps to determine the probability of the focused outputs, e.g., energy production, Net Present Value (NPV), etc. However,...

A circular economy life cycle costing model (CE-LCC) for building components

The building industry is responsible for the highest resource use, amount of waste and emissions of all industries. The principles of the Circular Economy (CE) could offer an approach to create a more sustainable built environment. For a transition towards a circular built environment, a comprehensive assessment method is needed to support...

Sensitivity study of a wind farm maintenance decision - A performance and revenue analysis

Commercial operation and maintenance of wind farms always involves trying to find the most cost-effective solution from various possible options. In this paper, a maintenance action within a Spanish wind farm was studied, whereby a blade replacement was required to prevent catastrophic failure. The conducted replacement was accompanied by an...

Synergy potential for oil and geothermal energy exploitation

A new solution for harvesting energy simultaneously from two different sources of energy by combining geothermal energy production and thermal enhanced heavy oil recovery is introduced. Numerical simulations are employed to evaluate the feasibility of generating energy from geothermal resources, both for thermally enhanced oil recovery from a...