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Energy Return on Investment of Major Energy Carriers: Review and Harmonization

Authors: David J. Murphy; Marco Raugei; Michael Carbajales-Dale; Brenda Rubio Estrada;

Energy Return on Investment of Major Energy Carriers: Review and Harmonization

Abstract

Net energy, that is, the energy remaining after accounting for the energy “cost” of extraction and processing, is the “profit” energy used to support modern society. Energy Return on Investment (EROI) is a popular metric to assess the profitability of energy extraction processes, with EROI > 1 indicating that more energy is delivered to society than is used in the extraction process. Over the past decade, EROI analysis in particular has grown in popularity, resulting in an increase in publications in recent years. The lack of methodological consistency, however, among these papers has led to a situation where inappropriate comparisons are being made across technologies. In this paper we provide both a literature review and harmonization of EROI values to provide accurate comparisons of EROIs across both thermal fuels and electricity producing technologies. Most importantly, the authors advocate for the use of point-of-use EROIs rather than point-of-extraction EROIs as the energy “cost” of the processes to get most thermal fuels from extraction to point of use drastically lowers their EROI. The main results indicate that PV, wind and hydropower have EROIs at or above ten while the EROIs for thermal fuels vary significantly, with that for petroleum oil notably below ten.

Keywords

EROI, Environmental effects of industries and plants, net energy, TJ807-830, energy return on investment, TD194-195, renewable energy, Renewable energy sources, Environmental sciences, fossil fuels, GE1-350, electricity

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
38
Top 10%
Top 10%
Top 1%
Green
gold