# Department of Energy Announces up to $70 Million to Advance Technology and Reduce Cost of Geothermal Energy

- Link: https://greenlivingguy.com/2011/06/department-of-energy-announces-up-to-70-million-to-advance-technology-and-reduce-cost-of-geothermal-energy/
- Published: 2011-06-09T15:09:20-04:00
- Author: greenlivingguy

WASHINGTON, D.C. – In support of President Obama’s goal of generating 80% of the
country’s electricity from clean energy sources by 2035, U.S. Department of Energy
Secretary Steven Chu today announced the availability of up to $70 million in new
funding over three years for technology advancements in geothermal energy to accelerate
development of this promising clean energy resource. Innovations in exploration 
technologies to locate geothermal energy resources and improvements in resource 
characterization, drilling, and reservoir engineering techniques will enable clean
energy from geothermal sources to be a key contributor to the nation’s renewable
energy supply. By targeting funding to research and develop these innovative technologies,
the Department aims to reduce the upfront cost of geothermal energy systems, expand
their use, and enable the United States to tap the huge potential of this renewable
energy resource.

“By investing in geothermal technologies, we are also investing in our nation’s 
energy future and creating opportunities for energy innovation in the United States,”
said Secretary Chu. The United States remains a global leader in [geothermal energy](https://greenlivingguy.com/2009/12/exploring-the-power-of-geothermal-energy-drill-baby-drill/)
development, and we can leverage our experience to develop more energy here at home
while increasing our competitiveness in the global clean energy economy.

 According to the U.S. Geological Survey (USGS), new geothermal resources could 
add up to 30 gigawatts of renewable energy to the U.S.[ energy](https://greenlivingguy.com/2022/08/10-largest-wind-project-development-2022/)
supply, and enhanced geothermal systems – through the development of engineered 
reservoirs and other methods – have the potential for an even greater impact. This
competitive funding opportunity will support the Department’s goals of lowering 
the cost and financial risk associated with confirming and characterizing geothermal
resources and overcoming key [technical challenges to reservoir creation and sustainability](https://greenlivingguy.com/2011/05/anky-technical-casuals-sustainable-fashion-redefined/)
in enhanced geothermal systems. The ultimate goal is to reduce the cost of new geothermal
resources and enhanced geothermal systems so they are competitive with conventional
sources of electricity.

The funding will support the Department’s continued partnerships with industry, 
national laboratories, and academia to advance several key research areas:

 * Advanced Exploratory Drilling Technologies – The projects will focus on reducing
   the cost of exploratory drilling.
 * Advanced Well Completion Technologies – These projects will focus on lowering
   the cost of completing geothermal wells.
 * Tools to Isolate Fracture Zones within a Well – These projects will work to control
   injection and production of water in geothermal systems.
 * Observation Tools and Data Collection System for Reservoir Stimulation – These
   projects will help to monitor and optimize reservoir creation.
 * Geophysical Exploration Technologies – These projects will include remote sensing,
   improved data processing and advanced seismic surveying technologies to better
   locate hidden resources.
 * Geochemistry and Rock-Fluid Interactions – These projects will focus on better
   characterizing geothermal resources and predicting reservoir temperatures.

**_More on renewable energies_**

Department of Energy Announces up to $70 Million to Advance Technology and Reduce
Cost of Geothermal Energy

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
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