As the world races to find sustainable solutions to the looming energy crisis, the U.S. Department of Energy (DOE) has placed a significant bet on geothermal energy, committing $60 million to unlock the power beneath our feet. This investment targets the development and demonstration of enhanced geothermal systems (EGS), a venture poised to transform how we access and utilize the Earth's subterranean heat.
The DOE's recent funding initiative champions three pioneering projects, each tasked with overcoming the technical challenges of tapping into the Earth's vast geothermal reserves. Chevron New Energies, Fervo Energy, and Mazama Energy stand at the forefront of this venture, each embarking on ambitious pilot projects designed to showcase the feasibility and scalability of EGS technologies.