News
Jun 19, 2008U.S. DOE seeks to invest up to US$90m in advanced geothermal technology and research
Today, the U.S. Department of Energy announced a funding opportunity of up to $90 million over the next 4-years to advance geothermal research, development and demonstration. The Department of Energy has $10.5 million available for immediate reward with the remainder being subject to change or Congress appropriations. The funding opportunity addresses the need for a better understanding of enhanced geothermal systems (EGS), the funding hopefully will help EGS reach commercial readiness.
The funding is open to industry and academia and is rewarded on a competitive basis. In 2008 up to $10.5 million is available, with $30-50 million available in 2009 and 2010 respectively. The Department of Energy anticipates making up to 26 awards this year.
The M.I.T. report entitled The Future of Geothermal Energy co-authored by CanGEA Board Member Michal Moore has increased public awareness of EGS and its enormous generation capabilities.
To read Environmental-Expert.com’s news release: U.S. DOE seeks to invest up to US$90m in advanced geothermal technology and research
