$84 Million Investment in Geothermal Power Announced by Department of Energy
photo: Giorgio Cassisi via flickr
Even before Stephen Chu took over the controls, the Department of Energy was a supporter of more research into Enhanced Geothermal Systems, most recently in the form of $43 million in grants. That support continues in the form of two Funding Opportunity Announcements totaling $84 million. Here's how that money will be divided up:The first $35 million will be awarded to 20-30 projects "to address important aspects of engineered geothermal reservoir creation, management and utilization." The remaining $49 million will go to support field demonstrations of EGS technologies.
What is an Enhanced Geothermal System Anyway?
If all this talk of Enhanced Geothermal Systems has you asking 'what makes it different than regular geothermal power', this is why the DOE says EGS is an important thing to be funding:
Conventional geothermal energy systems must be located near easilu-accessible geothermal water resources, limiting its nationwide use. EGS technology would allow power generation in a broad variety of geographic locations. EGS makes use of available geothermal resources to heat engineered reservoirs, which can then be tapped to produce electricity.
Or, if you prefer Google's promo video clip on EGS, here it is:
More: DOE (press release)
Enhanced Geothermal Systems Research Awarded $43.1 Million by US Department of Energy
530 Gigawatts of Geothermal Power Waits to be Tapped: US Geological Survey
Google Gets Behind Geothermal, Invests Over $10 Million in Research