DOE awards $11 million to geothermal projects
The U.S. Department of Energy will provide more than $11 million to support eight geothermal energy projects.
Photo: ThinkGeoEnergy/Flickr - GeoTek Energy, LLC in Midland, Texas will receive up to $2.85 million for the Gravity Head Energy System project.
- Gtherm, Inc in Westport, Connecticut will receive up to $200,00 for the Single Well Engineered Geothermal Systems project.
- Lawrence Berkeley National Laboratory in Berkeley, California will receive up to $4.99 million for a project that will develop “new ways to produce electricity from superheated and pressurized carbon dioxide in deep geothermal formations.” Source: DOE
- Lawrence Livermore National Laboratory in Livermore, California will receive up to $874,000 for a project that will examine integrating geothermal energy production with carbon capture and storage.
- Louisiana State University in Baton Rouge will receive up to $997,000 for the Zero Mass Withdrawal, Engineered Convection and Wellbore Energy Conversion project.
- Physical Optics Corporation in Torrance, California will receive up to $200,000 for the Heat Extraction from Geothermal Systems project.
- Terralog Technologies USA, Inc. in Monrovia, California will receive up to $541,000 for a project that will develop new designs for both vertical and horizontal wells.
- The University of Utah in Salt Lake City will receive up to $671,000 for the Novel Developmental of Geothermal Systems project.
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Comments
I think even with the rebates, tax credits, and loans, geothermal start up costs remain out of reach for most people.
When the "free energy audit" and similar incentives (rebates, tax breaks, low cost loans) for insulating homes and changing appliances strike fear in the hearts of many who DO want to lower their prices and energy use, but know that their home will need too much done to meet the program demands while staying in their budget, geothermal just isn't going to sell on that.... More
We need more initiatives like this but there is still plenty to do on the residential front as well! If homeowners were better informed about the tax credits, rebates and interest free loans available for geothermal units as well as the many advantages of this clean, reliable and cheap source of energy, it would really kickoff.
