Groundbreaking news for the geothermal energy sector in the United States! The U.S. Department of Energy (DOE) today announced the release of its latest “Pathways to Commercial Liftoff” report, this time focused on Next-Generation Geothermal Power and the potential of advances across the sector to help transform the U.S. energy landscape. Read the full press release here: https://lnkd.in/gMXhuDgA
The “Liftoff” reports, which have been facilitated by the DOE Office of Technology Transitions, are part of a department-wide initiative to strengthen engagement between the public and private sectors to accelerate the commercialization and deployment of key clean energy technologies by identifying and characterizing the barriers and opportunities for capital allocators across key energy sectors.
Some key findings from this latest report include:
• Geothermal power has the potential to expand by more than 20 times from current U.S. installed capacity.
• More than 300,000 jobs in the existing oil & gas workforce can potentially transition to advance geothermal power.
• Next-generation geothermal is poised for rapid scale due to highly transferrable and existing technology, supply chains, and workforces.
• Competitive pricing models can position next-generation geothermal power to be as cost effective as other energy sources.
• Next-generation geothermal technology can make heat resources accessible nationwide.
Go to https://lnkd.in/ghwT4T_W to download the full report!
LEARN MORE:
• Read about other Liftoff reports & signup to be notified when new reports or webinars are available at the Pathways to Commercial Liftoff website: Liftoff.Energy.gov
• Read LPO’s recent Tech Talk on Next-Generation Geothermal: https://lnkd.in/gV6aif9m
• Learn more about DOE’s Enhanced Geothermal Shot, which aims to unlock Earth’s near-inexhaustible heat resources & bring enhanced geothermal systems to Americans nationwide: https://lnkd.in/g-urg3kk
• Learn more about geothermal energy research, development, and demonstration via DOE’s Geothermal Technologies Office: https://lnkd.in/ejCF6947
