Hawaii HB1403 appropriates funds for geothermal energy exploration on Hawaii island.
Hawaii HB1403 allocates $6,000,000 for fiscal years 2025-2026 and 2026-2027 to the department of business, economic development, and tourism for geothermal energy exploration on Hawaii island. The bill aims to develop the first utility-scale 50-100-megawatt power station, leveraging Hawaii island's potential as the most promising location for geothermal energy in the state. This funding will support the Hawaii technology development corporation in overseeing the development plan, administering a community outreach program, and building on previous investigations.
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