Geo POWER Act establishes a program to fund geothermal demonstration projects in new regions.

The Geo POWER Act aims to advance next-generation geothermal demonstration projects in diverse geologies and regions across the United States. It seeks to overcome high upfront capital costs for geothermal exploration and drilling, generate public data to de-risk future geothermal projects, and catalyze innovation through milestone-based financing. The Act amends the Energy Independence and Security Act of 2007 to establish the Milestone-Based Geothermal Demonstration Program, which will award innovative financing to geothermal projects in low-permeability and impermeable reservoirs through a.

Geo POWER Act establishes a program to fund geothermal demonstration projects in new regions.

The Geo POWER Act aims to advance next-generation geothermal demonstration projects in diverse geologies and regions across the United States. It seeks to overcome high upfront capital costs for geothermal exploration and drilling, generate public data to de-risk future geothermal projects, and catalyze innovation through milestone-based financing. The Act amends the Energy Independence and Security Act of 2007 to establish the Milestone-Based Geothermal Demonstration Program, which will award innovative financing to geothermal projects in low-permeability and impermeable reservoirs through a.