Revolutionizing Geothermal Energy: Seven Pilot Projects Set to Receive Funding in US
The Department of Energy announces funding for seven geothermal pilot projects, totaling up to $73 million.
The funding comes from the Bipartisan Infrastructure Law for research and development.
U.S. Secretary of Energy Jennifer M. Granholm states that advances in enhanced geothermal systems will bring geothermal energy to previously unfeasible locations.
The Department of Energy projects that geothermal energy could produce 90 gigawatts in the United States by 2050, up from 3.7 gigawatts.
Enhanced Geothermal Systems use underground reservoirs to transport geothermal heat from the Earth to the surface.
The Department of Energy's "Enhanced Geothermal Shot" program aims to reduce the cost of EGS by 90% to $45 per megawatt-hour by 2035.
The Department of Energy is accepting applications for EGS Pilot Demonstrations in multiple rounds.
Letters of intent are due on March 8 and first-round applications are due on July 7.
This funding aligns with the Biden administration's goal of producing 100% carbon-free power by 2035 and offers a clean and affordable energy option.
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