Contact Us TodayBorealis wins contract as Merit Reviewer for US DOE EGS Solicitations
The Geothermal Technologies Program (GTP) at the United States Department of Energy (DOE) recently put out THREE funding opportunities announcements (FOA) for awards in geothermal technologies including research, development and field demonstration of Enhanced Geothermal Systems (EGS) next-generation technologies. On May 27, 2009, President Obama announced $350 million of American Reinvestment and Recovery Act funding in support of geothermal technologies. The Geothermal Technologies Program (GTP) will facilitate research, development, and demonstration to establish EGS as a major contributor for electricity generation. The DOE is seeking advanced technology to address key aspects of site selection and characterization, reservoir creation and validation, reservoir sustainability, and plant operation and management. Enhanced Geothermal Systems are engineered reservoirs created to produce energy from geothermal resources deficient in water and/or permeability. The ultimate goal is to make large amounts of the earth’s heat available for productive use at economic costs.
For the full press release about the DOE GTP FOA click here.
DOE will provide up to $43.1 million over four years to 21 awardees selected as a result of that FOA. With cost-share by the recipients the public-private investments will be up to $78 million.These projects are subject to annual appropriations and successful completion of stage-gate reviews. Borealis GeoPower is excited to be part of this highly technical review process and to be involved in such a revolutionary funding program for the development of geothermal energy in the North American market place. For more information about Dan Yang please visit the founder’s bio.
