government investment

$338M in Recovery Act Funding Energizes Geothermal Industry

$338M in Recovery Act Funding Energizes Geothermal Industry

The Obama administration is financing an expansion of the U.S. geothermal industry, investing $338 million in Recovery Act grant funding to support the exploration and development of new geothermal fields and research into advanced geothermal technologies. In addition, the grants will support the deployment and creative financing approaches for ground source heat pumps to heat and cool buildings.