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Colorado Opens Final $12 Million Grant Round to Accelerate Geothermal Electricity Projects

Colorado Launches Round 4 of Geothermal Energy Grant Program: $12 Million Available for Electricity Project

By: Robert Buluma


Colorado is accelerating its transition to clean energy with the launch of Round 4 of the Geothermal Energy Grant Program (GEGP)), offering $12 million in funding to support geothermal electricity development across the state. This latest round, anticipated to be the final one for the program, prioritizes projects that significantly advance geothermal electricity generation.

Who Can Apply?

The program is open to a wide range of applicants, including:

  • Local governments and political subdivisions of Colorado
  • Tribal governments
  • Corporations registered in Colorado
  • Gas and electric service public utilities
  • Other eligible entities with CEO approval

Applicants must carefully review eligibility criteria in the Request for Applications (RFA) documents to ensure their projects qualify.

Eligible Projects

Round 4 funding focuses exclusively on geothermal electricity projects, with preference given to initiatives that substantially advance the state’s geothermal energy capabilities. Projects can seek support for several phases, including:

1. Scoping and Pre-Feasibility Studies

  • Initial resource assessment: Gathering and analyzing geological, geophysical, and geochemical data.
  • Field surveys: Surface studies to understand resource characteristics.
  • Economic analysis: Evaluating potential costs and benefits.
  • Environmental considerations: Assessing potential impacts and regulatory requirements.

2. Feasibility Studies

  • Resource assessment: Detailed analysis of temperature, pressure, flow rates, and reservoir characteristics.
  • Engineering design: Conceptual layouts for well fields, power plants, and transmission systems.
  • Financial modeling: Cost evaluation, revenue potential, and return on investment.
  • Environmental impact assessment: Mitigation strategies and regulatory compliance.

3. Test Drilling

  • Confirm resource suitability through drilling exploration, confirmation wells, and flow testing.
  • Submission of a Drilling Plan detailing well locations, drilling techniques, and operational procedures is required.

4. Field Development

  • Prepares the site for geothermal energy production, including coproduction of heat and power.
  • Installation of power generation equipment, reservoir engineering, and construction of power infrastructure.
Application Process

Applicants are required to submit a complete application package including:

  • Pre-feasibility or feasibility studies
  • Conceptual model of the project
  • Drilling Plan
  • Supplemental documents as listed in the Grant Application Checklist

Completed applications must be submitted as a .zip file via email to ceo_geothermal@state.co.us. Detailed instructions and all application materials can be found in the GEGP Application Materials folder.

Support and Information Sessions

The Colorado Energy Office (CEO) is hosting webinars and office hours to help prospective applicants:

  • Informational Webinar: November 12, 2025, at 12:00 PM MT
  • Office Hours: November 18, December 3, December 10, and December 16, 2025

All questions answered during office hours will be documented in the program Q&A, available by December 19, 2025.

Why Geothermal?

Geothermal energy is a reliable, clean energy source capable of generating electricity, heating water, and providing space heating and cooling for homes, businesses, and communities. Colorado’s GEGP program is designed to catalyze growth in this sector, providing public and private entities with the resources to advance sustainable energy solutions.

For more information or to join the Colorado Geothermal Teaming List, email ceo_geothermal@state.co.us or sign up for program updates.


Related: Teverra Powers Up Rico: A $200K Boost to Colorado’s Geothermal Future

Source: Colorado Energy Office

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