Energy Department would fund next-generation geothermal demonstration projects

What does this do?

The bill would require the Department of Energy to set up the "Milestone-Based Geothermal Demonstration Program" within 180 days of becoming law. Project sponsors would compete for financing and receive money as they reach technical and financial milestones. The department must fund at least three proposals, in at least three states, from at least three different sponsors.

Who does it affect?

Geothermal and energy companies could receive funding to test new technology. Communities in regions with no geothermal power today, including tribal areas, could see new projects and jobs.

Why does it matter?

If projects succeed, geothermal power could expand beyond the few mostly Western areas where it works today, which could eventually affect utility customers and the wider public. The department would give priority to projects in places with little or no geothermal power, on or near tribal lands, that share data, that aim for at least 30 megawatts, and that are likely to draw private investment.

What does it cost, and who pays?

• No specific dollar amount
• Authorizes spending only
• Funded by future congressional decisions