TVS Leads Financial Performance and Environmental Impact Evaluation in COMPASS Project

Technovative Solutions Ltd (TVS) made its active participation at the COMPASS (Sustainable and cost-efficient Concepts enabling green power production from supercritical and superhot geothermal wells) Iceland Week in Reykjavík from 13 to 16 May 2025. The event was collaboratively organised by Orkuveitan, Orka náttúrunnar/ON Power, and Geothermal Research Cluster - GEORG as a part of Iceland Innovation Week. The Final General Assembly, International Summer School, and Stakeholder Workshop were featured during the COMPASS Iceland Week.

At the General Assembly, the consortium partners discussed the status, progress and next steps of the ongoing tasks of different work packages. They reviewed the achievements of the last phase of the COMPASS project. As the project has come to the ending phase, they have also coordinated the final phase of research and outreach. A two-day training, titled International Summer School, which consisted of expert lectures, a poster session, and a field visit to the IDDP-2 well at Reykjanes on high-enthalpy geothermal systems, was offered to 35 participants from 17 countries and 5 continents. The schooling was hosted by HS Orka.

Technovative Solutions Ltd is currently leading two tasks in the work package 7 (Social, Environmental and Economic Life-Cycle Assessment) of the project. The first one is financial performance evaluation using the Cost Estimator for surface plants developed in the work package 5 (Integrated Well Simulation and Decision Support System) by TVS. The objective of this task is to evaluate the cost performance of existing geothermal plants in Icelandic and Italian perspectives and a proposed COMPASS geothermal plant utilising superhot geo-resource scenarios. The second task that is led by TVS within the project is an environmental performance evaluation using the Environmental Impact Estimator for surface plants developed in the work package 5 by TVS. The objective of this task is to deliver a cradle-to-grave life cycle assessment (LCA) analysis of existing geothermal power plants and proposed COMPASS geothermal power plants in Icelandic and Italian perspectives.

Dr Hye Chowdhury, Lead Technologist at TVS, presented the activities associated with these tasks at the General Assembly. He also discussed the work completed in the last 6 months and the next planned activities of these two tasks.

Technovative Solutions Ltd’s leadership in key tasks in the work packages 5 and 7 has played a vital role in driving the COMPASS project toward successful completion. Its presentation during COMPASS Iceland Week reflected the organisation’s strong commitment to advancing geothermal energy and fostering collaboration across the consortium.

This project has received funding from the European Union’s Horizon Europe research and innovation programme under grant agreement no. 101084623.