Geodyn Solutions Proposal: Two 150 MW Multi-Fuel Power Barges for Puerto Rico Executive Summary
Executive Summary
Geodyn Solutions proposes the deployment of two 150 MW multi-fuel floating power barges using proprietary Geodyn Solutions multifuel barge technologies to deliver a total of 300 MW of dependable, scalable electricity to Puerto Rico’s power grid. This solution offers rapid deployment (6–12 months), robust operational flexibility, and sustainable long-term performance. The barges are designed to operate on LNG, diesel, and HFO, with future adaptability for cleaner fuels such as hydrogen.
At a competitive rate of $0.19/kWh, this project ensures high returns, energy stability, local job creation, and compliance with environmental standards.
Project Overview
Parameter | Value |
Number of Power Barges | 2 |
Capacity per Barge | 150 MW |
Total Installed Capacity | 300 MW |
Power Technology | Geodyn Solutions multifuel barge system |
Fuel Types | LNG, Diesel, HFO (Hydrogen-ready) |
Deployment Timeline | 6–12 months (turnkey) |
Electricity Rate | $0.19/kWh |
Contractual Fee | 25% contingent success fee |
Capital Expenditure (CAPEX)
Item | Estimated Cost (USD) |
Power barge construction (2x150MW) | $450 million ($1,500/kW) |
Fuel supply and docking systems | $30 million |
Onshore transmission interface | $20 million |
Environmental and permitting | $10 million |
Contingency (25%) | $127.5 million |
Total CAPEX | $637.5 million |
Operating Expenditure (OPEX)
Annual Operating Costs:
Item | Annual Cost (USD) |
Fuel cost (LNG-based @ $10/mmBTU) | ~$210 million (for ~1,100 GWh) |
Salaries and technical ops | $10 million |
Maintenance & spare parts | $15 million |
Logistics & docking fees | $3 million |
Insurance and regulatory costs | $2 million |
Environmental monitoring | $1 million |
Total OPEX per year | ~$241 million/year |
Energy Production and Revenue
- Capacity factor: 85%
- Annual Generation:
300 MW × 0.85 × 8,760 hrs = 2,233,800 MWh (~2.2 TWh/year) - Revenue at $0.19/kWh:
2,233,800,000 kWh × $0.19 = $424.4 million/year
Return on Investment (ROI)
Metric | Value |
Annual Gross Revenue | $424.4 million |
Annual OPEX | $241 million |
Net Operating Income | $183.4 million |
Total CAPEX | $637.5 million |
Simple Payback Period | ~3.48 years |
12-Year Net Profit | $2.20 billion (gross revenue minus OPEX) |
12-Year ROI | ~345% before depreciation and taxes |
Job Creation Impact
Job Category | Estimated Jobs Created |
Construction & setup phase | ~500 temporary jobs |
Permanent technical operations | ~120 (60 per barge) |
Support, admin & logistics | ~80 |
Fuel supply chain & local ops | ~100 |
Total Direct/Indirect Jobs | 800+ |
Environmental Impact
Benefits:
- Cleaner energy transition versus legacy diesel
- Supports LNG and hydrogen-ready future adaptability
- Minimal land disruption due to marine-based design
- Advanced onboard emissions controls
Mitigation & Compliance:
- Full alignment with EPA & Puerto Rico Environmental Quality Board
- Real-time environmental monitoring systems
- Maritime safety and fuel spill prevention measures
- Potential for future integration of carbon capture technologies
Strategic Benefits for Puerto Rico
- Rapid deployment (6–12 months)for immediate energy needs
- Enhances emergency energy resilience in hurricane-prone zones
- Floating, modular, and redeployable infrastructure
- Public-private partnership potential and federal funding alignment
- Flexibility to evolve with renewable energy policies
Implementation and Partnership Structure
Geodyn Solutions will:
- Provide full EPC, commissioning, and operations
- Partner with local utilities (e.g., PREPA), DOE, FEMA, and local governments
- Engage in a 25% contingent success fee modelfor contract execution
- Develop a PPA or lease-to-own structure to support Puerto Rico’s energy independence goals
Conclusion
Geodyn Solutions’ two 150 MW multi-fuel barges represent a clean, fast, and scalable infrastructure solution tailored for Puerto Rico’s energy transition. This project delivers a 12-year ROI of ~345%, creates over 800 jobs, ensures compliance with environmental standards, and enhances power grid resilience and flexibility—positioning Puerto Rico for a smarter, greener energy future.
