A Colorado project aimed at advancing techniques to tap geothermal energy will receive approximately $9 million in federal funding.
said Wednesday that Occidental Petroleum, the Colorado School of Mines and the National Renewable Energy Laboratory in Golden will collaborate on the project. The team will use existing and new techniques to drill two high-temperature wells in the Denver-Julesburg Basin in northeast Colorado.
The effort, called Geothermal Limitless Approach to Drilling Efficiencies , or GLADE, was one of two projects announced by the DOE. The other is a plan to use new drilling technology at a site in California. That project received $6.2 million. The DOE wants to reduce the cost of developing geothermal energy by improving drilling rates by at least 25%. The agency’s goal is to power at least 40 million U.S. homes with renewable geothermal energy by 2050.
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