• The bill, called the "Geo POWER Act," establishes a Milestone-Based Geothermal Demonstration Program to award innovative financing to geothermal projects in low-permeability and impermeable reservoirs through a competitive, milestone-based process
• The program prioritizes projects in regions with limited or no existing geothermal electricity generation, projects capable of at least 30 megawatts of generation capacity, and projects likely to attract significant private sector investment
• Funding must be awarded to at least 3 different proposals in at least 3 different states and to at least 3 different project sponsors

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