31.03.2024, 5:00

Development of geothermal energy in the United States and democratic countries of Asia as a tool to curb China's monopoly in the "green agenda"

Development of Geothermal Energy in the United States and Democratic Countries of Asia as a Tool to Curb China's Monopoly in the Green Agenda
Default image

Solid Info

On March 21, 2024, the U.S. Department of Energy announced allocating up to $475 million to finance five green energy projects.

This financing was based on projects to convert former mine lands for green projects, including converting a copper mine in Southeast Arizona into a source of clean geothermal heat.

This is part of the U.S. government's efforts to expand geothermal energy production capacity to 90 GW, twenty-five times the current capacity of 3.6 GW.

On March 25, as part of President Biden's Invest in America program, the U.S. Department of Energy announced a $6 billion package that will provide funds for projects to use electric boilers and steam to reduce emissions from industrial heat production.

Sign up

Subscribe to receive personalized reports, news, and publications

or

We use cookies

This helps us improve your experience on the site, personalize content, and collect analytics. Learn more in our Cookie policy