Department of Energy - DOE Announces Investment of up to $84 Million in Geothermal Energy - 1 views
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Energy Net on 07 Mar 09U.S. Department of Energy Secretary Steven Chu today announced the release of two Funding Opportunity Announcements (FOAs) for up to $84 million to support the development of Enhanced Geothermal Systems (EGS). Geothermal energy technologies use energy from the earth to heat buildings and generate electricity. Enhanced Geothermal Systems offer the potential to extend geothermal resources to larger areas of the western United States, as well as into new geographic areas of the entire country. These projects will help support the Administration's efforts to invest in clean energy technologies, create millions of new jobs, end our addiction to foreign oil, and address climate change. "President Obama has laid out an ambitious agenda to put millions of people to work by investing in clean energy technology like geothermal energy," said Secretary Chu. "The Administration is committed to funding important research like this to transform the way we use and produce energy and reduce our dangerous dependence on foreign oil."