global geothermal news: october, page-7

DOE Funds 21 Research, Development and Demonstration Projects for up to $78 Million to Promote Enhanced Geothermal Systems

RENO, Nev. – Today at the National Geothermal Conference in Reno, Nev., Deputy Assistant Secretary for Renewable Energy Steve Chalk announced the U.S. Department of Energy’s (DOE) awards under a Funding Opportunity Announcement (FOA) for research, development and demonstration of Enhanced Geothermal Systems (EGS) for next-generation geothermal energy technologies. Subject to annual appropriations, the Department will provide up to $43.1 million over four years to 21 awardees, including a record 13 awards to first-time recipients. With cost-share by the recipients, the public-private investments will be up to $78 million. Increasing the use of geothermal resources supports President Bush’s goals diversifying the nation’s energy sources to reduce greenhouse gas emissions and strengthen national energy security.