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Policies

USD 20 Million to Lower Costs of Geothermal Drilling

Source: International Energy Agency
Last updated: 11 April 2022

The U.S. Department of Energy (DOE) announced up to USD 20 million to lower the cost of developing geothermal energy by demonstrating faster drilling technologies. DOE is looking to dramatically lower the cost of geothermal drilling—which can exceed 50% of a project’s total costs. The Drilling Demos initiative is led by DOE’s Geothermal Technologies Office (GTO).

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Technologies