The Inter-American Development Bank (IDB), contracted K&M, GeothermEx, and POWER Engineers to assess new approaches and develop business models for medium/high-enthalpy geothermal energy for electricity, green hydrogen, and industrial application in Chile.

To accomplish this, the team will (i) formulate a conceptual model for an exploration risk-mitigation mechanism, suitable for promoting geothermal use in district heating, industrial applications, and/or electricity generation, (ii) develop a business model for medium/high enthalpy district heating/cooling systems, (iii) design of a contractual and market strategy for increasing the competitiveness of geothermal power generation, (iv) develop a business model for the production of green hydrogen using geothermal energy, (v) a business model for the application of geothermal heat into an energy intensive industrial activity.