Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Expecting to receive festive bonus 2026? Where to invest for better returns — mutual funds, gold or FDs? Experts suggest
    • Advisors to the ultra-wealthy steer clients back to bonds
    • Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January
    • A World of 6% US Treasury Yields??? — Can Stocks and Corporate Bonds Withstand It? (2026/10/10)|水野裕二
    • Active Funds vs. Index Funds: Is All-Country Safe? Things to Consider Before Investing|kazu
    • Bitcoin ETFs Lost $731 Million in Two Days, Then Turned Positive. Is the Selling Over?
    • Best performing equity mutual funds in Nigeria as of September 2026
    • The funds that can save thousands in inheritance tax – if you can stand the risks
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»$31 million in government funds added toward geothermal development
    Funds

    $31 million in government funds added toward geothermal development

    August 26, 2024


     

     

    Another $31 million in government money is being handed out by the Biden administration toward geothermal energy projects.

    The U.S. Department of Energy announced the funding is part of “Building on President Biden and Vice President Harris’s Investing in America agenda.” The funds are reported to be an effort to advance geothermal energy throughout the country.

    One project is in New Mexico and another is in Texas.

    “The projects will improve the construction of enhanced geothermal systems and demonstrate how reservoir thermal energy storage can reduce energy needs for industry – supporting DOE’s Enhanced Geothermal Shot™ goal to reduce the costs of enhanced geothermal systems (EGS) by 90% by 2035 and DOE’s Industrial Heat Shot™ goal to develop cost-competitive industrial heat decarbonization technologies with at least 85% lower emissions by 2035,” stated the DOE press release.

    “These projects help achieve President Biden’s emissions reduction goals, strengthen U.S. competitiveness in this sector, and expand the types of clean and cost-effective energy solutions for American homes, businesses, and industry,” said U.S. Secretary of Energy Jennifer M. Granholm.

    The selected projects are:

    • Clemson University (Clemson, SC, $4,880,182): This project will develop an AI-enabled, photoacoustic imaging tool for high-temperature and high-pressure well logging to assess geothermal well integrity without active cooling.
    • Innovative Downhole Solutions Inc.(Houston, TX, $2,509,545): This project will develop a durable ultrasonic measurement tool capable of operating for 24 hours in high-temperature geothermal environments to assess wellbore construction materials and practices.
    • Lawrence Berkeley National Laboratory(Berkeley, CA, $2,016,000 ): This project will develop a tool for geothermal borehole integrity evaluation, designed to assess wellbore integrity in extreme conditions without the need for downhole electronics.
    • Los Alamos National Laboratory (Los Alamos, NM, $3,674,955): This project will develop a high-resolution acoustics-based tool to provide high-fidelity data for evaluating EGS components under extreme conditions.
    • Schlumberger Technology Corporation (Houston, TX, $10,000,000): This project will develop a wireline tractor-conveyed system for long-term integrity modeling of cement and casing.
    • Project Development Solutions, Inc. (Bakersfield, CA, $7,899,807): This project will pilot a reservoir thermal energy storage (RTES) demonstration project at Kern Front Oil Field in Bakersfield, pairing subsurface geothermal reservoirs with a steam system and process heat off-taker.

    These projects are funded by DOE’s Geothermal Technologies Office in the Office of Energy Efficiency and Renewable Energy.

    Source: DOE press release



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Active Funds vs. Index Funds: Is All-Country Safe? Things to Consider Before Investing|kazu

    October 9, 2026

    The funds that can save thousands in inheritance tax – if you can stand the risks

    October 9, 2026

    How Gulf states are refinancing sovereign wealth funds as Iran war hits revenues

    October 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Bitcoin ETFs Lost $731 Million in Two Days, Then Turned Positive. Is the Selling Over?

    October 9, 2026

    The funds that can save thousands in inheritance tax – if you can stand the risks

    October 9, 2026

    Advisors to the ultra-wealthy steer clients back to bonds

    October 10, 2026

    Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January

    October 10, 2026
    Don't Miss
    Mutual Funds

    Expecting to receive festive bonus 2026? Where to invest for better returns — mutual funds, gold or FDs? Experts suggest

    October 10, 2026

    With Diwali and the festive season approaching, many employees may receive a festive bonus from…

    Advisors to the ultra-wealthy steer clients back to bonds

    October 10, 2026

    Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January

    October 10, 2026

    A World of 6% US Treasury Yields??? — Can Stocks and Corporate Bonds Withstand It? (2026/10/10)|水野裕二

    October 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Europe: cross-border property investment by region 2023

    July 26, 2024

    Inflows into mid-cap, small-cap funds fall by up to 25 pc, gold ETF AUM surges past Rs one lakh crore | Business News

    November 11, 2025

    PROPERTY INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Diversification, debt, direction, and defence

    April 2, 2025
    Our Picks

    Expecting to receive festive bonus 2026? Where to invest for better returns — mutual funds, gold or FDs? Experts suggest

    October 10, 2026

    Advisors to the ultra-wealthy steer clients back to bonds

    October 10, 2026

    Ethereum Price Prediction as ETH ETFs Post Highest Weekly Outflows Since January

    October 10, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.