US invests $31m to advance renewable geothermal energy

Date:

The United States Department of Energy (DOE) has announced an investment of up to $31m to support six innovative renewable geothermal energy projects across the country.

These initiatives aim to advance enhanced geothermal systems (EGS) and explore new methods of energy storage, aligning with the US’ broader goals of reducing emissions and bolstering the clean energy sector.

Secretary of Energy Jennifer Granholm emphasised the significance of the initiative: “Expanding the use of new and innovative geothermal technologies will allow the United States to continue pushing forward into the frontier of the clean energy revolution by using the heat beneath our feet.”

Revolutionising geothermal energy

Currently, geothermal energy contributes around four gigawatts to the US electricity grid. However, the DOE estimates that the expansion of EGS could unlock up to 90 gigawatts of reliable, flexible power by 2050, enough to supply…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...