The LOW-BIN project aims in improving cost-effectiveness, competitiveness and market penetration of geothermal electricity generation schemes, targeting both hydrothermal resources for immediate market penetration and future hot dry rock systems, by:
- Widening market perspectives of geothermal Rankine Cycle power generation by developing a unit that can generate electricity from low temperature geothermal resources, with temperature threshold for profitable operation at 65 °C , compared with 90-100 ° C of existing units.
- Developing a Rankine Cycle machine for cogeneration of heat and power by heat recovery from the cooling water circuit.
The project will involve theoretical research, laboratory experimentation, pre-prototype development, technology evaluation of the pre-prototype in terms of technology breakthrough achievement, energy efficiency, electricity generation costs and market potential, manufacturing and demonstration of successful prototypes, monitoring and technology validation, as well as dissemination of the technology and other innovation related activities. The LOW-BIN project consortium consists of 9 partners from 8 countries: CRES (Greece-Coordinator), TURBODEN (Italy), GFZ-Potsdam (Germany), GEOTEAM (Austria), University of Oradea (Romania), ESTSet ú bal (Portugal), Politecnico di Milano (Italy), BRGM (France) and ISOR (Iceland).