Home / Business and Economy / US Funds $99M for Geothermal Energy Advance
US Funds $99M for Geothermal Energy Advance
22 Sep
Summary
- Department of Energy announced funding for 21 projects.
- Up to $99 million will support geothermal energy development.
- Geothermal offers reliable, around-the-clock power generation.
The U.S. Department of Energy has committed up to $99 million to foster geothermal energy advancements. This funding will support 21 distinct projects selected through a competitive process.
Geothermal energy is recognized for its capacity to provide consistent, 24/7 power. This attribute is increasingly attracting significant interest and investment from both the energy sector and venture capitalists, highlighting its growing importance in the energy landscape.
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