$90 Million for Enhanced Geothermal Systems

Posted on June 27, 2008. Filed under: Uncategorized |

According to a recent study by the Massachusetts Institute of Technology, a reasonable R&D investment in these technologies could create the opportunity to develop 100,000 megawatts of geothermal power in the United States by 2050, an amount equal to 20% of the current U.S. generating capacity.

DOE issued a Funding Opportunity Announcement (FOA) last week for the research, development, and demonstration of enhanced geothermal systems (EGS), an advanced geothermal technology that drills deep wells into hot rocks, fractures them, and circulates a fluid through the fractures to extract heat. EGS technologies can be used to create new geothermal reservoirs or to stimulate existing geothermal reservoirs that are underperforming. The FOA offers up to $90 million over four years, of which $40 million will go toward research and development (R&D) projects for the technologies needed to commercialize EGS and $50 million will go toward demonstration projects that stimulate existing unproductive geothermal reservoirs.  Applications are due by August 12. See the DOE press release and the FOA on Grants.gov.

See the reports from DOE and MIT in the EGS technology section of DOE’s Geothermal Technologies Program Web site.

 

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