The U.S. Department of Energy (DOE) today announced $3.25 million for the American-Made Geothermal Manufacturing Prize (Geothermal Prize). A first of its kind for geothermal technology, this prize is designed to spur innovation and address manufacturing challenges fundamental to operating in harsh geothermal environments. This prize further supports the ability of the geothermal industry to reach the target of 60 Gigawatts electric of geothermal capacity by 2050 as outlined in the recently released GeoVision study.
“Additive manufacturing is such a promising technology for so many industries, and this prize will help ensure that our American geothermal industry continues to lead the world in innovation,” said U.S. Secretary of Energy Dan Brouillette. “By creating incentives for new approaches to device design, this prize will help unlock the full potential of geothermal power as a clean, reliable, affordable energy source for American homes and businesses.”