Post 8/10/16 The next step in the development of this geothermal power plant would be to contact potential suppliers of equipment and goods. More local these companies are, the better they would be to work with. It would be good to work with large companies like Caterpillar Corp., however companies like that usually come on board when a strong revenue has been achieved. Small companies are more likely to have the flexibility for providing the custom drilling equipment we have in mind.
Post 8/9/16 Grants often do not pay until work is proven with milestone of objectives in development. For that reason leasing the equipment would be the best economic choice for acquiring drilling equipment. If workers could wait two weeks before receiving their first check and suppliers could be paid one month after delivery, operating cost could be covered. This would be dependent on milestones being reached of course.
The first milestone of 5,000 ft should be reached in 2 weeks, the second milestone of 10,000 ft after the first 30 days, the third milestone of 20,000 ft after 60 days and the fourth milestone of 30,000 ft after 90 days from the start of drilling. Reaching the fourth milestone would show drilling could be done at a 90% reduced cost and prove the drilling as being economically successful.
Post 8/8/16 The land owner in Manchester NH has 1,600 acres of land and they want to develop manufacturing, however high electric rates and uncertainty as to what those rates will be 5-10 years from now, are a problem. The development of a geothermal power plant could solve that issue and would increase the value of their land significantly. Adminicus should create a grant, however instead of it being funded by the government; it would be funded by the land owner. Later if the U.S. government wanted, they could add their funding to a then proven successful alternative energy project.
post 8/7/16 The next step in building a geothermal power plant would be drilling the well. One must consider how to procure the drilling equipment. The first two ways I propose are leasing the equipment or building equipment from base components.
post 8/5/16 With no comments from anyone on the list of potential geothermal development sites, Manchester NH would be my first choice. This location represents the path of least resistance to start drilling. There is a land owner in the area who wants a geothermal power plant built on his land and drilling could start at any time we were ready at that location.
post 8/3/16 Membership for Adminicus Inc. is Free, all people have to do is friend Adminicus on Facebook. Anyone have any idea for how we could increase membership?
post 8/2/16 Hi I’m David Reynolds Director of Adminicus Inc. and I would like to tell you about the potential of geothermal power. A large portion of the population does not know that 99% of the Earth’s mass has a temperature over 1,000 degree C and the U.S. Department of Energy states geothermal energy represents a virtually unlimited supply of clean energy ounce we learn how to tap into it.
Geothermal electricity was first produced in 1904 in Italy using natural geyser fields. The U.S. is now the top producer of geothermal electricity and has been leading the way in geothermal research and development. The industry has made huge advances recently, in 2007 Professor Jefferson Tester, then at MIT proved significant amounts of electricity could be produced from hot dry granite. His research also proved that New England could produce plenty of electricity for over a 1,000 years just tapping the granite at 30,000 ft.
However the use of a technology known as hydro fracking, has resulted in some setbacks for the industry. Benign at shallow depths hydro-fracking has proven to be dangerous at great depths, potentially creating earthquakes that resulted in millions of dollars in damages.
The industry is now quick to adapt and has come up with a solution to hydro-fracking and that is not using hydro-fracking at depths greater than 10,000 feet. Instead of hydro-fracking an engineered closed loop system of interconnecting pipes will be used to extract the heat from the hot dry granite. This prevents any ground destabilization or environmental contamination.
post. 8/1/16 If Clinton is elected as our new president, she pledges ;to create millions of jobs with investments in alternative energy research and development. If we can get enough people to come together, large scale geothermal power could be developed in the near future. All that is required is a green energy political platform that has enough popular support for her to recognize as significant.
post. 8/1/16 Here is the updated list of potential geothermal sights that have optimal geology from U.S. survey map for high thermal diffusivity(that is the ability of heat to flow through a substance). When designing for an optimal recharge rate a high diffusivity value is an important factor.
Bangor ME, Ossipee NH, Manchester NH Fitchburge MA and Holyoke MA.Each sight has it’s advantages and disadvantages for developing a geothermal power plant.
Proposed policy and bylaw to be voted on 5/18/16
Policy requires a 75% favorable vote from members who use their option to vote, for a policy proposal to pass and be active or to be amended.
Bylaws require a 51% favorable vote from members who use their option to vote, for a bylaw proposal to pass and be active or amended.
Adminicus will hold it’s first election for leadership on May 3rd 2019, all members will have one week to cast their votes. We encourage all members to vote.
As the director, if I am re-elected, Adminicus will benefit from innovations that should reduce geothermal underground construction time and cost by 80%-90%. That is something others running for Director may not be able to offer.
J. David Reynolds
A New Model of Democratic Capitalist Development
Throughout the development of Capitalism, the driving mechanism has been a concentration of power in the hands of managers and shareholders, which has led to priorities that served primarily those managers and shareholders. This has led to a number of unfortunate results, including anti-democratic decision making which leads to the exclusion of other stakeholders in important social and economic decisions. This often leads to negative consequences, especially in sectors of Capitalism, like energy production and distribution, that directly affect people’s most basic quality of life.
If you examine that sector in particular, especially the electricity generation and distribution part, you find that undemocratic models are the rule as opposed to the exception, with the few municipally own electric company holdouts. Investor-owned utilities have a long history of trying to buy or break up municipal utilities, with devastating consequences. Read the book, Power Struggle, by Richard Rudolph and Scott Ridley, for the full story.
A new model of Capitalistic development is being worked on that will try to mitigate some of the more negative consequences of energy development policy, and create a positive development model that increases the benefits to all stakeholders, not just the investors and managers. The model reorganizes the priority of the stakeholders where it is more like a cooperative than a traditional corporation. Traditional corporations are controlled by the majority of stock. One person or entity can buy as much stock as they want, and are considered to have “bought” the company once they have purchased a controlling majority. The opinions of the other shareholders are not considered much, and stakeholders that are not even minority shareholders are given even less consideration.
The new model would convert the concept of “shareholders” into “members”. Each member could contribute as much as they wanted towards the capitalization of the company, but would only ever have one vote. They would be repaid profits commensurate with their contribution share, but having a larger return stake would not give them any superiority with regards to decision making. Decisions would be made by management on a day to day basis, subject to review by the membership acting as a decision making body via secret ballot. Decisions would be confirmed by a majority of voting members, similar to what a board of directors would do normally.
One enterprise that is trying to implement this new model is the Adminicus Green Energy Jobs Consortium, which is trying to crowd-fund development of a closed-loop geothermal power plant, as the centerpiece of a new-model industrial park.
The plant would both prove the concept of a medium-scale deep-earth closed-loop geothermal electrical generation system, and also use the electricity generated by the plant to drive development of an industrial park organized around this new business model. The electricity sales from the plant to both industrial park and external customers would provide revenues for the membership in the form of profit sharing and also capital to fund businesses that want to operate in the industrial park under the new business model.
The investment capital generated by the power plant would go into a fund which would be distributed to businesses who would submit proposals for consideration to the membership. Periodically the members would be prompted to vote on which proposals should receive funding. A core consideration for acceptance of proposals will be the quantity of good jobs at fair wages that will be created as a result of the investment.
For more information on this model or to participate in the power plant crowdfunding project, visit the Adminicus website.