The U.S. Department of Energy (“DOE”) today announced up to $20 million for research, development, and demonstration of cutting-edge geothermal technologies. DOE want projects that demonstrate the technical and economic feasibility of certain non-conventional geothermal energy technologies, such as low-temperature fluids, geothermal fluids recovered from oil and gas wells, and highly pressurized geothermal fluids.

Specifically, the funds will be allocated to research in the following areas:

 

  • Low-temperature geothermal fluids at temperatures up to 300° Fahrenheit (F) or approximately 150° Celsius (C).
  • Geothermal fluids produced from productive, unproductive, or marginal oil and gas wells, mining operations or other hydrocarbon or mineral extraction processes.
  • Highly pressurized or “geopressured” fluid resources that show potential for cost-effective recovery of heat, kinetic energy, and gas.
  • Innovative cooling systems; systems with more efficient heat exchanging materials or systems that maximize energy output through a combination of electricity generation and direct-heat technologies.

All US entities are eligible including universities, nonprofit and for-profit private entities, State and local governments and federally funded contractors. The cost share is 20%. Applications are due July 9, 2010.

 

The complete funding opportunity announcement can be viewed here: https://www.fedconnect.net/FedConnect/PublicPages/PublicSearch/Public_Opportunities.aspx

Photo of Janet Jacobs Janet Jacobs

Janet Jacobs practices in the Corporate, Securities and Finance practice group and the Renewable Energy practice group. Janet represents clients in corporate governance matters, mergers and acquisitions, corporate, securities and financing transactions, with an emphasis on the development, structuring, financing and acquisition of…

Janet Jacobs practices in the Corporate, Securities and Finance practice group and the Renewable Energy practice group. Janet represents clients in corporate governance matters, mergers and acquisitions, corporate, securities and financing transactions, with an emphasis on the development, structuring, financing and acquisition of biofuels, solar and wind projects. She also advises her clients on their business operations and significant corporate transactions.