S. 4406
Next-Generation Geothermal Research and Development Act
Summary:
• Amends the Energy Independence and Security Act of 2007 to establish a "Next-Generation Research and Development Program" within the Geothermal Technologies Office supporting research, development, demonstration, and commercial application of next-generation geothermal systems, including enhanced geothermal, closed-loop geothermal, and systems operating in supercritical conditions
• Creates multiple new grant programs for next-generation geothermal systems, including milestone-based grants for deep drilling, commercial-readiness innovation grants (with an 80% federal cost share), and surface facility innovation grants
• Directs updated geothermal resource assessments, requires biennial progress reports to Congress, and authorizes $5,000,000 per year for fiscal years 2027 through 2031 for the new program
---
• Creates multiple new grant programs for next-generation geothermal systems, including milestone-based grants for deep drilling, commercial-readiness innovation grants (with an 80% federal cost share), and surface facility innovation grants
• Directs updated geothermal resource assessments, requires biennial progress reports to Congress, and authorizes $5,000,000 per year for fiscal years 2027 through 2031 for the new program
---