Tech company Epic Systems uses thousands of boreholes to help heat and cool its office buildings, a “marquee” clean energy project that gas utilities may try to replicate.
The state is still heavily dependent on oil and gas revenues, but with fossil fuel production expected to decline sharply by 2035, the pressure is on to diversify the energy mix.
Of the seven companies that submitted winning bids for geothermal leases, Invenergy Geothermal Development LLC acquired five leases, the most of the companies that successfully bid on the geothermal leases.