What are Tools on EDX?
Tools provide access to data and information assembled as custom themes of high interest. Tools are standard, static, frameworks; however, the data presented within them may update and change with time, thus offering fresh and current information. Tools may accommodate spatial and/or non-spatial data. Some Tools are designed to allow the Tool to communicate with EDX servers to allow for searching, querying, and displaying data.
The FE/NETL CO2 Saline Storage Cost Model estimates costs to store a tonne of CO2 in a saline reservoir. The model estimates costs associated with a project, using simplified geo-engineering equations to calculate reservoir values needed to determine injection well costs, monitoring costs, financial responsibility costs, etc. All of these costs are summed over the life of a CO2 storage project and discounted to a NPV of near zero to determine the first-year break-even cost to store a tonne of CO2. The FE/NETL CO2 Saline Storage Cost Model (2017): User's Manual provides some details on the use of this model.
