Biden- Harris Administration Invests $60 Million to Expand Clean, Renewable Geothermal Energy

In support of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE), today announced the selection of three projects that will receive up to $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). These projects will demonstrate the potential for geothermal energy to provide reliable, cost-effective electricity to tens of millions of U.S. homes and businesses and help deliver on the President’s goal of 100% clean electricity by 2035. They also support the goals of DOE’s Enhanced Geothermal Shot, which seeks to cut the cost of EGS 90% in the same time period. The three projects are: Chevron New Energies, Fervo Energy, and Mazama Energy.