Add estimated property tax revenue and royalties NREL#169 (adapted from

NREL#247)
softwareengineerprogrammer · Jun 27, 2024 · f1e9086 · f1e9086
1 parent a64aaae
commit f1e9086
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Showing 18 changed files with 193 additions and 59 deletions.
diff --git a/src/geophires_x/Economics.py b/src/geophires_x/Economics.py
@@ -1502,7 +1502,46 @@ def __init__(self, model: Model):
             DefaultValue=2.13,
             UnitType=Units.NONE,
             Required=False,
-            ToolTipText="Estimated jobs created per MW of electricity produced, per https://geothermal.org/resources/geothermal-basics"
+            ToolTipText="Estimated jobs created per MW of electricity produced, "
+                        "per https://geothermal.org/resources/geothermal-basics"
+        )
+
+        self.property_tax_per_MW_electricity = self.ParameterDict[
+            self.property_tax_per_MW_electricity.Name] = floatParameter(
+            "Estimated Property Tax per MW of Electricity Produced",
+            DefaultValue=0.210,
+            UnitType=Units.CURRENCY,
+            #UnitType=Units.ROYALTY_PER_ENERGY,
+            # PreferredUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            # CurrentUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            Required=False,
+            ToolTipText="Estimated property tax per MW of electricity produced, "
+                        "per https://geothermal.org/resources/geothermal-basics"
+        )
+
+        self.gov_royalty_per_MW_electricity = self.ParameterDict[
+            self.gov_royalty_per_MW_electricity.Name] = floatParameter(
+            "Estimated Governmental Royalty per MW of Electricity Produced (MUSD/MW)",
+            DefaultValue=0.315,
+            UnitType=Units.CURRENCY,
+            # UnitType=Units.ROYALTY_PER_ENERGY,
+            # PreferredUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            # CurrentUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            Required=False,
+            ToolTipText="Estimated governmental royalties per MW of electricity produced, "
+                        "per https://geothermal.org/resources/geothermal-basics"
+        )
+
+        self.total_royalty_per_MW_electricity = self.ParameterDict[
+            self.total_royalty_per_MW_electricity.Name] = floatParameter(
+            "Estimated Royalties per MW of Electricity Produced (MUSD/MW)",
+            DefaultValue=0.420,
+            # UnitType=Units.ROYALTY_PER_ENERGY,
+            # PreferredUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            # CurrentUnits=RoyaltyPerEnergyUnit.ROYALTYPERMW,
+            Required=False,
+            ToolTipText="Estimated total royalties per MW of electricity produced, "
+                        "per https://geothermal.org/resources/geothermal-basics"
         )
 
         # local variable initialization
@@ -1814,11 +1853,31 @@ def __init__(self, model: Model):
             PreferredUnits=CurrencyUnit.MDOLLARS,
             CurrentUnits=CurrencyUnit.MDOLLARS
         )
+
         self.jobs_created = self.OutputParameterDict[self.jobs_created.Name] = OutputParameter(
             Name="Estimated Jobs Created",
             UnitType=Units.NONE,
         )
 
+        self.property_tax_revenue = self.OutputParameterDict[self.property_tax_revenue.Name] = OutputParameter(
+            Name="Estimated Lifetime Property Tax Revenue",
+            UnitType=Units.CURRENCY,
+            CurrentUnits=CurrencyUnit.MDOLLARS,
+            PreferredUnits=CurrencyUnit.MDOLLARS
+        )
+        self.royalties_total = self.OutputParameterDict[self.royalties_total.Name] = OutputParameter(
+            Name="Estimated Lifetime Total Royalties",
+            UnitType=Units.CURRENCY,
+            CurrentUnits=CurrencyUnit.MDOLLARS,
+            PreferredUnits=CurrencyUnit.MDOLLARS
+        )
+        self.royalties_governmental = self.OutputParameterDict[self.royalties_governmental.Name] = OutputParameter(
+            Name="Estimated Lifetime Governmental Royalties",
+            UnitType=Units.CURRENCY,
+            CurrentUnits=CurrencyUnit.MDOLLARS,
+            PreferredUnits=CurrencyUnit.MDOLLARS
+        )
+
         model.logger.info(f'Complete {__class__!s}: {sys._getframe().f_code.co_name}')
 
     def read_parameters(self, model: Model) -> None:
@@ -2850,11 +2909,23 @@ def Calculate(self, model: Model) -> None:
         # Calculate LCOE/LCOH
         self.LCOE.value, self.LCOH.value, self.LCOC.value = CalculateLCOELCOHLCOC(self, model)
 
-        # https://github.com/NREL/GEOPHIRES-X/issues/232
+        # Jobs/property tax/royalties - https://github.com/NREL/GEOPHIRES-X/issues/232
         self.jobs_created.value = round(
             np.average(model.surfaceplant.ElectricityProduced.quantity().to(
                 'MW').magnitude * self.jobs_created_per_MW_electricity.value))
 
+        self.property_tax_revenue.value = (
+            np.average(model.surfaceplant.ElectricityProduced.quantity().to(
+                'MW').magnitude * self.property_tax_per_MW_electricity.value))
+
+        self.royalties_total.value = (
+            np.average(model.surfaceplant.ElectricityProduced.quantity().to(
+                'MW').magnitude * self.total_royalty_per_MW_electricity.value))
+
+        self.royalties_governmental.value = (
+            np.average(model.surfaceplant.ElectricityProduced.quantity().to(
+                'MW').magnitude * self.gov_royalty_per_MW_electricity.value))
+
         model.logger.info(f'complete {__class__!s}: {sys._getframe().f_code.co_name}')
 
     def __str__(self):

diff --git a/src/geophires_x/Outputs.py b/src/geophires_x/Outputs.py
@@ -1641,7 +1641,22 @@ def PrintOutputs(self, model: Model):
                     f.write(f'      CHP: Percent cost allocation for electrical plant: {model.economics.CAPEX_heat_electricity_plant_ratio.value*100.0:10.2f} %\n')
 
                 if model.surfaceplant.enduse_option.value in [EndUseOptions.ELECTRICITY]:
-                    f.write(f'      Estimated Jobs Created:                                 {model.economics.jobs_created.value}\n')
+                    f.write(
+                        f'      {model.economics.jobs_created.Name}:                                 '
+                            f'{model.economics.jobs_created.value}\n'
+                    )
+                    f.write(
+                        f'         {model.economics.property_tax_revenue.Name}:     '
+                        f'{model.economics.property_tax_revenue.value:10.2f} {model.economics.property_tax_revenue.CurrentUnits.value}\n'
+                    )
+                    f.write(
+                        f'         {model.economics.royalties_total.Name}:  '
+                        f'{model.economics.royalties_total.value:10.2f} {model.economics.royalties_total.CurrentUnits.value}\n'
+                    )
+                    f.write(
+                        f'         {model.economics.royalties_governmental.Name}:    '
+                        f'{model.economics.royalties_governmental.value:10.2f} {model.economics.royalties_governmental.CurrentUnits.value}\n'
+                    )
 
 
                 f.write(NL)

diff --git a/src/geophires_x_client/geophires_x_result.py b/src/geophires_x_client/geophires_x_result.py
@@ -72,6 +72,9 @@ class GeophiresXResult:
                 'Project Payback Period',
                 'CHP: Percent cost allocation for electrical plant',
                 'Estimated Jobs Created',
+                'Estimated Lifetime Property Tax Revenue',
+                'Estimated Lifetime Total Royalties',
+                'Estimated Lifetime Governmental Royalties',
             ],
             'EXTENDED ECONOMICS': [
                 'Adjusted Project LCOE (after incentives, grants, AddOns,etc)',

diff --git a/tests/example1_addons.csv b/tests/example1_addons.csv
@@ -19,6 +19,9 @@ ECONOMIC PARAMETERS,Project MOIC,,36.27,
 ECONOMIC PARAMETERS,Fixed Charge Rate (FCR),,5.0,
 ECONOMIC PARAMETERS,Project Payback Period,,7.05,yr
 ECONOMIC PARAMETERS,Estimated Jobs Created,,12,
+ECONOMIC PARAMETERS,Estimated Lifetime Property Tax Revenue,,1.17,MUSD
+ECONOMIC PARAMETERS,Estimated Lifetime Total Royalties,,2.35,MUSD
+ECONOMIC PARAMETERS,Estimated Lifetime Governmental Royalties,,1.76,MUSD
 EXTENDED ECONOMICS,"Adjusted Project LCOE (after incentives\, grants\, AddOns\,etc)",,1.74,cents/kWh
 EXTENDED ECONOMICS,"Adjusted Project LCOH (after incentives\, grants\, AddOns\,etc)",,0.0,USD/MMBTU
 EXTENDED ECONOMICS,"Adjusted Project CAPEX (after incentives\, grants\, AddOns\, etc)",,101.07,MUSD
@@ -97,7 +100,7 @@ SURFACE EQUIPMENT SIMULATION RESULTS,Average Annual Total Electricity Generation
 SURFACE EQUIPMENT SIMULATION RESULTS,Average Annual Net Electricity Generation,,42.3,GWh
 SURFACE EQUIPMENT SIMULATION RESULTS,Average Pumping Power,,0.2,MW
 SURFACE EQUIPMENT SIMULATION RESULTS,Initial pumping power/net installed power,,3.82,%
-Simulation Metadata,GEOPHIRES Version,,3.4.34,
+Simulation Metadata,GEOPHIRES Version,,3.4.40,
 POWER GENERATION PROFILE,THERMAL DRAWDOWN,1,1.0,
 POWER GENERATION PROFILE,THERMAL DRAWDOWN,2,1.0056,
 POWER GENERATION PROFILE,THERMAL DRAWDOWN,3,1.0073,

diff --git a/tests/examples/Fervo_Norbeck_Latimer_2023.out b/tests/examples/Fervo_Norbeck_Latimer_2023.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:42
- Calculation Time:      0.336 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:22
+ Calculation Time:      0.340 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -33,6 +33,9 @@ Simulation Metadata
       Project MOIC:                                         -0.10
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 7
+         Estimated Lifetime Property Tax Revenue:           0.69 MUSD
+         Estimated Lifetime Total Royalties:        1.38 MUSD
+         Estimated Lifetime Governmental Royalties:          1.03 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/Wanju_Yuan_Closed-Loop_Geothermal_Energy_Recovery.out b/tests/examples/Wanju_Yuan_Closed-Loop_Geothermal_Energy_Recovery.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:42
- Calculation Time:      1.614 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:22
+ Calculation Time:      1.623 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -33,6 +33,9 @@ Simulation Metadata
       Project MOIC:                                         -0.85
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 2
+         Estimated Lifetime Property Tax Revenue:           0.23 MUSD
+         Estimated Lifetime Total Royalties:        0.46 MUSD
+         Estimated Lifetime Governmental Royalties:          0.35 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example1.out b/tests/examples/example1.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:42
- Calculation Time:      0.609 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:26
+ Calculation Time:      0.597 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -34,6 +34,9 @@ Simulation Metadata
       Project MOIC:                                         -0.27
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 12
+         Estimated Lifetime Property Tax Revenue:           1.17 MUSD
+         Estimated Lifetime Total Royalties:        2.35 MUSD
+         Estimated Lifetime Governmental Royalties:          1.76 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example1_addons.out b/tests/examples/example1_addons.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
- Calculation Time:      0.594 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:20
+ Calculation Time:      0.609 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -35,6 +35,9 @@ Simulation Metadata
       Project MOIC:                                         36.27
       Project Payback Period:                                7.05 yr
       Estimated Jobs Created:                                 12
+         Estimated Lifetime Property Tax Revenue:           1.17 MUSD
+         Estimated Lifetime Total Royalties:        2.35 MUSD
+         Estimated Lifetime Governmental Royalties:          1.76 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example1_outputunits.out b/tests/examples/example1_outputunits.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
- Calculation Time:      0.587 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:21
+ Calculation Time:      0.593 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -34,6 +34,9 @@ Simulation Metadata
       Project MOIC:                                         -0.20
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 12
+         Estimated Lifetime Property Tax Revenue:           1.17 MUSD
+         Estimated Lifetime Total Royalties:        2.35 MUSD
+         Estimated Lifetime Governmental Royalties:          1.76 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example4.out b/tests/examples/example4.out
@@ -4,9 +4,9 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:26
  Calculation Time:      0.049 sec
 
                            ***SUMMARY OF RESULTS***
@@ -33,6 +33,9 @@ Simulation Metadata
       Project MOIC:                                         -0.17
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 18
+         Estimated Lifetime Property Tax Revenue:           1.75 MUSD
+         Estimated Lifetime Total Royalties:        3.49 MUSD
+         Estimated Lifetime Governmental Royalties:          2.62 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example9.out b/tests/examples/example9.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
- Calculation Time:      0.591 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:21
+ Calculation Time:      0.607 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -34,6 +34,9 @@ Simulation Metadata
       Project MOIC:                                         -0.86
       Project Payback Period:                          N/A
       Estimated Jobs Created:                                 1
+         Estimated Lifetime Property Tax Revenue:           0.11 MUSD
+         Estimated Lifetime Total Royalties:        0.23 MUSD
+         Estimated Lifetime Governmental Royalties:          0.17 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example_ITC.out b/tests/examples/example_ITC.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
- Calculation Time:      0.596 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:21
+ Calculation Time:      0.612 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -33,6 +33,9 @@ Simulation Metadata
       Project MOIC:                                          0.61
       Project Payback Period:                               12.74 yr
       Estimated Jobs Created:                                 41
+         Estimated Lifetime Property Tax Revenue:           4.09 MUSD
+         Estimated Lifetime Total Royalties:        8.18 MUSD
+         Estimated Lifetime Governmental Royalties:          6.14 MUSD
 
                           ***ENGINEERING PARAMETERS***
 

diff --git a/tests/examples/example_PTC.out b/tests/examples/example_PTC.out
@@ -4,10 +4,10 @@
 
 Simulation Metadata
 ----------------------
- GEOPHIRES Version: 3.4.34
- Simulation Date: 2024-06-19
- Simulation Time:  07:43
- Calculation Time:      0.593 sec
+ GEOPHIRES Version: 3.4.40
+ Simulation Date: 2024-06-27
+ Simulation Time:  08:21
+ Calculation Time:      0.606 sec
 
                            ***SUMMARY OF RESULTS***
 
@@ -33,6 +33,9 @@ Simulation Metadata
       Project MOIC:                                          0.55
       Project Payback Period:                               10.02 yr
       Estimated Jobs Created:                                 41
+         Estimated Lifetime Property Tax Revenue:           4.09 MUSD
+         Estimated Lifetime Total Royalties:        8.18 MUSD
+         Estimated Lifetime Governmental Royalties:          6.14 MUSD
 
                           ***ENGINEERING PARAMETERS***