"Empowering Geothermal Innovation: $31M Funding Opportunity to Drive Sustainable Energy Solutions"
The U.S. Department of Energy's Geothermal Technologies Office (GTO) has opened a remarkable funding opportunity, offering up to $31 million to support groundbreaking projects in the field of geothermal energy. This initiative, announced on January 30, 2024, aligns with the Biden-Harris Administration's commitment to achieving carbon pollution-free electricity by 2035 and a net-zero-emissions economy by 2050.
Unleashing Potential with Two Dynamic Topic Areas
Topic Area 1: Revolutionizing Downhole Tools
The first topic area, with a generous funding of up to $23.1 million, targets projects that address downhole cement and casing evaluation tools. These tools play a pivotal role in high-temperature and hostile geothermal wellbores, essential for enhanced geothermal systems (EGS). Current off-the-shelf solutions cater to the oil and gas industry's upper temperature needs but fall short for hotter EGS systems. The aim is to develop more cost-effective and consistent methods for evaluating wellbore construction materials and practices, expanding opportunities for tapping into domestic geothermal energy.
Topic Area 2: Pioneering Reservoir Thermal Energy Storage (RTES)
The second topic area, with funding of up to $7.9 million, focuses on low-temperature (<130°C) RTES technology. This groundbreaking approach has applications in industrial processes such as melting plastic, removing moisture, and treating chemicals. Leveraging subsurface storage capacities, geothermal gradients, and thermal insulation associated with deep geological formations, RTES holds the promise of reducing emissions from energy-intensive industrial heating processes. The funding will support a demonstration project, bridging the gap from feasibility studies to practical application in the industrial sector.
Seizing the Opportunity
Under this Funding Opportunity Announcement (FOA), the GTO anticipates making several awards between fiscal years 2024–2028, with individual awards ranging from $100,000 to $10 million. The FOA not only supports research and development but also emphasizes the importance of detailed understanding of subsurface geologic qualities, permeability, and other attributes.
How to Apply
Interested parties can apply on the EERE eXCHANGE platform. Letters of Intent are due by March 1, 2024, at 5:00 p.m. ET, and Full Applications are due by April 1, 2024, at 5:00 p.m. ET. To determine eligibility and application procedures, check the Topic Area 1 Quick Guide or Topic Area 2 Quick Guide.
Driving Clean Energy Goals
The projects funded under this FOA will actively contribute to the Biden-Harris Administration's goals of achieving carbon pollution-free electricity by 2035 and a net-zero-emissions economy by 2050. Aligned with DOE’s Enhanced Geothermal Shot™ and GTO’s GeoVision Roadmap, these initiatives seek to advance geothermal technologies and address challenges in the subsurface to enhance the economic viability of geothermal projects.
Conclusion
This funding opportunity signifies a crucial step towards unlocking the potential of geothermal energy, paving the way for innovation and sustainability. As the world strives for cleaner energy solutions, the GTO's commitment to supporting cutting-edge projects will undoubtedly drive the geothermal industry forward, bringing us closer to a greener and more sustainable future. Interested stakeholders are encouraged to seize this opportunity and contribute to shaping the fuTitle: "Empowering Geothermal Innovation: $31M Funding Opportunity to Drive Sustainable Energy Solutions"
temperature needs but fall short for hotter EGS systems. The aim is to develop more cost-effective and consistent methods for evaluating wellbore construction materials and practices, expanding opportunities for tapping into domestic geothermal energy.
Source: Researched and Written by Robert Buluma, alphaxioms@gmail.com
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