The U.S. Department of Energy (DOE) today announced up to $165 million to expand U.S. geothermal energy deployment. The Geothermal Energy from Oil and Gas Demonstrated Engineering (GEODE) initiative will provide $10 million to form a consortium of experts to develop a roadmap for addressing technology and knowledge gaps in geothermal energy, based on best practices used within the oil and gas industry. DOE will then use that roadmap to fund up to an additional $155 million in research to address those gaps. This funding opportunity supports President Biden’s priorities to deploy clean energy sources to combat climate change, strengthen our energy independence, and create good-paying jobs.
“The U.S. has incredible, untapped geothermal potential beneath our very feet, which can be harnessed to meet our energy demands with a round-the-clock, clean renewable resource,” said U.S. Secretary of Energy Jennifer M. Granholm. “Leveraging the extensive knowledge, technology, skill, and experience of the oil and gas sector is the perfect way to tackle barriers to geothermal deployment while also giving fossil-fuel-based communities and workers a role in the transition to clean energy.”
Although the U.S. geothermal resource is vast, only a small portion of it has been developed due to unique challenges associated with subsurface environments, along with process issues of geothermal projects, such as long permitting timelines.
I get all my electricity from Geysers power plant in Sonoma County. Unlike wind and solar, geothermal power can be available 24/7.