Biden-Harris administration sends geothermal energy projects $60 million
Through the Investing in America strategy, the DoE selected three projects for investment As a component of the Investing in America strategy of the Biden-Harris administration, the US Department of Energy (DoE) has announced that it is investing up to $60 million in three geothermal energy projects. The projects are focused on improving system efficiency and scalability The geothermal energy projects that have been selected to receive a total of up to $60 million from the DoE are focused on the improvement of efficacy and scalability of enhanced geothermal systems (EGS). The funding comes fr…
Through the Investing in America strategy, the DoE selected three projects for investment
As a component of the Investing in America strategy of the Biden-Harris administration, the US Department of Energy (DoE) has announced that it is investing up to $60 million in three geothermal energy projects.The projects are focused on improving system efficiency and scalability
The geothermal energy projects that have been selected to receive a total of up to $60 million from the DoE are focused on the improvement of efficacy and scalability of enhanced geothermal systems (EGS). The funding comes from the Bipartisan Infrastructure Law.The selected geothermal energy projects
The selected pilot projects will focus on developing and using innovative tech as well as a spectrum of techniques to capture the naturally occurring heat within the Earth and use this resource as a form of renewable electricity that is reliable and cost-effective. This technology will be used for heating millions of homes and businesses across the United States while aligning with Biden’s target of achieving 100 percent clean electricity in the country by 2035. More broadly, the selected geothermal energy projects are also supporters of the Enhanced Geothermal Shot goals of the DoE. Those goals are to reduce EGS costs by 90 percent within that same span of time.Expanding renewable electricity
“These projects will help us advance geothermal power, including into regions of the country where this renewable resource has never before been used,” said Jennifer M. Granholm, US Secretary of Energy. “With significant investment from President Biden’s Bipartisan Infrastructure Law, these pilot demonstrations will help us realize the full potential of the heat beneath our feet to reduce carbon emissions, create domestic jobs, and deliver clean, cost-effective, reliable energy to American nationwide.”