Department of Energy: $70 Million to Advance Geothermal Energy Technology

WASHINGTON, D.C. - In support of President Obama's goal of generating 80% of the country's electricity from clean energy sources by 2035, U.S. Department of Energy Secretary Steven Chu announced the availability of up to $70 million in new funding over three years for technology advancements in geothermal energy to accelerate development of this promising clean energy resource. Innovations in exploration technologies to locate geothermal energy resources and improvements in resource characterization, drilling, and reservoir engineering techniques will enable clean energy from geothermal sources to be a key contributor to the nation's renewable energy supply. By targeting funding to research and develop these innovative technologies, the Department aims to reduce the upfront cost of geothermal energy systems, expand their use, and enable the United States to tap the huge potential of this renewable energy resource.

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Source: Department of Energy
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