Bloomberg Law
December 14, 2022, 5:49 PM UTC

Energy Department Awards $15 Million for Geothermal Projects

Ari Natter
Ari Natter
Bloomberg News

The Energy Department awards $15 million for geothermal projects in Colorado and California that will help reduce the cost of developing the energy source.

  • Occidental Petroleum and its partners from industry awarded approximately $9 million to drill twin high-temperature geothermal wells using existing and novel drilling technologies: DOE
  • Geysers Power Company and partners awarded $6.2 million to deploy innovative drilling technology and methodologies to increase drilling rates by at least 25%
  • “There is incredible, untapped potential to use the heat beneath our feet to meet our energy demands with a renewable resource that can be found throughout the US,” Energy ...

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