Department of Energy Announces $20 Million to Boost Development of Innovative Geothermal Technologies | Tomorrow is greener

Department of Energy Announces $20 Million to Boost Development of Innovative Geothermal Technologies | Tomorrow is greener

U.S. Energy Secretary Steven Chu today announced $20 million to research, develop and demonstrate cutting-edge geothermal technologies that could reduce U.S. demand for fossil fuels, significantly cut carbon pollution, and create new jobs in geothermal manufacturing and operations. Geothermal energy uses the earth’s heat to generate consistent, low-cost renewable energy resources with a small environmental footprint. These seven projects will demonstrate the technical and economic feasibility of non-conventional geothermal energy technologies in three research areas: low temperature fluids, geothermal fluids recovered from oil and gas wells, and highly pressurized geothermal fluids. This funding will help demonstrate and commercialize innovative technologies to lower the high initial costs of geothermal development and help make the operational deployment of low temperature geothermal units more economical