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At present, the U.S. Division of Vitality’s (DOE) Geothermal Applied sciences Workplace (GTO) introduced a funding alternative of as much as $7 million to develop regional grid fashions to evaluate how clear, agency geothermal energy can assist an equitable power transition by way of decarbonization and research its results on the grid at varied deployment ranges. Geothermal power has the potential to supply agency, versatile, renewable energy to over 65 million properties throughout the USA. The workplace’s Geothermal Assets’ Worth in Implementing Decarbonization (GRID) funding alternative focuses on creating new valuation metrics that seize geothermal energy’s broader financial and reliability advantages, alongside analysis on supporting an equitable transition by way of geothermal deployment. Moreover, it consists of the event of visible instruments to obviously talk analysis findings.
GTO intends to fund regional grid modeling research inside particular energy swimming pools, joint utilities teams, utility service territories, or Tribal jurisdictions within the conterminous United States, Alaska, Hawai’i, or U.S. territories. By this funding alternative, GTO goals to quantify the position of geothermal energy in an equitable, decarbonized grid. This work will tackle the problem of grid stability by way of detailed research on how geothermal energy can assist and stabilize the grid because it incorporates increased shares of variable renewable power sources.
Letters of Intent are required and due July 24, 2024, and functions are due September 9, 2024. Study extra and learn the full Funding Alternative Announcement.
Electronic mail from Division of Vitality.
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