Geo POWER Act

This bill would require the U.S. Secretary of Energy to set up a Milestone-Based Geothermal Demonstration Program within 180 days of the law taking effect. The program would award financing through a competitive process to geothermal projects in low-permeability and impermeable underground reservoirs, with payments tied to meeting technical and financial milestones. Priority would go to projects in regions with little or no geothermal power, including on or near Indian land, projects that collect and share data, projects of at least 30 megawatts, and projects likely to attract private investment. Awards would have to go to at least 3 proposals in at least 3 different states and to at least 3 different project sponsors, and Congress would be authorized to fund the program with such sums as are necessary.

Full text and official record on Congress.gov

Sponsors

• Nicholas J. Begich III Republican sponsor
• 7 cosponsors