facebook
twitter
rss
account
search
search
 

U.S. to fund geothermal energy

June 9, 2011 at 9:24 AM   |   Comments

WASHINGTON, June 9 (UPI) -- The availability of $70 million in funding over three years for geothermal energy will help national clean energy goals, the U.S. Energy Department said.

U.S. President Barack Obama this year set a goal of using clean energy to generate 80 percent of the country's electricity by 2035.

"By investing in geothermal technologies, we are also investing in our nation's energy future and creating opportunities for energy innovation in the United States," said Energy Secretary Steven Chu.

"The United States remains a global leader in geothermal energy development, and we can leverage our experience to develop more energy here at home while increasing our competitiveness in the global clean energy economy."

The U.S. Geological Survey estimates that geothermal resources could add 30 gigawatts of renewable energy to the national energy supply.

The funding targets exploration technologies that could locate geothermal energy resources.

"By targeting funding to research and develop these innovative technologies, the department aims to reduce the upfront cost of geothermal energy systems, expand their use, and enable the United States to tap the huge potential of this renewable energy resource," the energy department said.

Topics: Barack Obama
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Apple in talks to launch iPhone wallet
2
Iran boasts of nuclear energy potential
3
Libya claims oil output growing
4
Build starts on Russia-China gas pipeline
5
Gazprom Neft exporting new Iraqi oil
Trending News
Video
x
Feedback