WASHINGTON, DC – U.S. Department of Energy Secretary Steven Chu today announced up to $338 million in Recovery Act funding for the exploration and development of new geothermal fields and research into advanced geothermal technologies.
"The United States is blessed with vast geothermal energy resources, which hold enormous potential to heat our homes and power our economy," said Secretary Chu. "These investments in America's technological innovation will allow us to capture more of this clean, carbon free energy at a lower cost than ever before. We will create thousands of jobs, boost our economy and help to jumpstart the geothermal industry across the United States."
Collectively, these projects will represent a dramatic expansion of the U.S. geothermal industry and will create or save thousands of jobs in drilling, exploration, construction, and operation of geothermal power facilities and manufacturing of ground source heat pump equipment.
DOE's Geothermal Technologies Program works in partnership with U.S. industry to establish geothermal energy as an economically competitive contributor to the U.S. energy supply. Learn more information about these awards on the Geothermal Technologies Program website.