US awards $99 million for geothermal drilling, technology projects
- Posted on September 21, 2026
- By Google News
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- 1 min read
In brief
The U.S. Department of Energy has allocated substantial resources to accelerate geothermal energy innovation, selecting two dozen projects receiving up to $99 million in combined funding. This strategic investment underscores the growing momentum behind geothermal power as a reliable, continuous energy source. The initiative targets advanced drilling techniques and emerging technologies that could unlock untapped geothermal potential across the nation, positioning clean energy companies and investors to capitalize on this renewable resource's expanding market opportunities.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
US awards $99 million for geothermal drilling, technology projects
The US Department of Energy on Monday said it selected 21 projects for up to $99 million in funding to advance geothermal energy development, a source of around-the-clock power that has attracted growing interest from investors and energy companies.
