Next-Gen Geothermal Power Heats Up $43M

Moresco, Justin
October 2008
Red Herring;10/6/2008, p2
Trade Publication
The article reports that the U.S. Department of Energy will issue up to $43 million to support research and development of an experimental geothermal technology designed to get energy from deep below the Earth's surface. The fund will be allocated to 21 projects on enhanced geothermal systems (EGS), which will be led by private companies, universities and research institutes. Recipients of the fund include Baker-Hughes, AltaRock Energy and Texas A&M University, among others. In related news, the German government has issued more than 90 geothermal permits since the end of 2007 and has one pilot project using EGS technology in Landau.


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