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U.S. Energy Dept to fund $84 million for geothermal energy

WASHINGTON (Reuters) – The U.S. Energy Department on Wednesday said it plans to provide up to $84 million in funding for geothermal energy projects.

The department said it plans to award as much as $35 million for 20 or 30 research proposals addressing development of advanced geothermal technology.

In addition, up to $49 million will be provided for five to 10 domestic projects demonstrating enhanced geothermal systems that generate at least 5 megawatts of electricity a year.

Reuters



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