CONNECT WITH US
Climate & Energy

Climate & Energy

Offshore Wind Battle Heats Up, Now With Geothermal Energy Twist

CleanTechnica logo

Published on

Add as a preferred source on Google
Offshore Wind Battle Heats Up, Now With Geothermal Energy Twist

For someone who regularly hates on clean power, US President Donald Trump has practically turned somersaults in an effort to support the domestic geothermal industry. Why not support other clean power resources that are more advanced, like wind or solar? Who knows! In the latest demonstration that Trump is ga-ga for geothermal, some of the spoils from his offshore wind lease buyout (some say illegal bribery) program will help steer investor dollars to the US geothermal industry. No, really. Seriously.

When Trump nominated former Liberty Energy CEO Chris Wright to head the US Department of Energy, policy watchers (raises hand) anticipated that the US geothermal industry would be showered with attention despite Trump’s fossil-friendly campaign platform. After all, what’s sauce for the goose is sauce for the gander, and Liberty is among the leading oilfield services firms eyeing the next-generation geothermal industry as a new market for their special skills.

Sure enough, it’s been hearts and roses over geothermal ever since Trump took office last year, even though next-generation technology is still in the early stages of development. Last week, for example, the Energy Department launched a new Geothermal Center of Excellence, joining the nation’s national laboratory network in a collaborative effort to support next-generation geothermal systems. On September 21, DOE also added another $99 million to its funding program for geothermal testing and exploration.

That doesn’t seem to be a particularly effective way of addressing an urgent national energy emergency, which Trump vociferously declared upon taking office last year.


Source link
Related Topics:Climate & Energy

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.