Awards up to $38 Million to Advance Technology and Reduce Cost of Geothermal Energy

U.S. Energy Secretary Steven Chu announced $38 million over three years for projects to accelerate the development of promising geothermal energy technologies and help diversify America's sources of clean, renewable energy. Thirty-two innovative projects in 14 states will develop and test new ways to locate geothermal resources and improve resource characterization, drilling, and reservoir engineering techniques, which will enable geothermal energy sources to help reduce the nation's reliance on fossil fuels. Funded through DOE's Office of Energy Efficiency and Renewable Energy, these advances will play an important role in achieving President Obama's goal of generating 80% of U.S. electricity from clean energy sources by 2035.