$31 Million to Improve Enhanced Geothermal Systems and Advance Thermal Energy Storage
What are Enhanced Geothermal Systems (EGS)?
Enhanced Geothermal Systems (EGS) are a type of geothermal technology that involves creating artificial reservoirs of hot water or steam deep in the Earth’s crust. This allows for the extraction of thermal energy, which can be used to generate electricity or provide heat. EGS is a critical component of the US Department of Energy’s (DOE) goal to develop a low-carbon energy future.
$31 Million in Funding for EGS and Thermal Energy Storage
The DOE has recently announced a $31 million funding opportunity to improve EGS and advance thermal energy storage. This funding will support the development of innovative technologies and systems that can increase the efficiency, scalability, and cost-effectiveness of EGS.
Objectives of the Funding Opportunity
The objectives of the funding opportunity are to:
* Improve the understanding of EGS systems and their potential for thermal energy storage
* Develop and test new technologies and materials for EGS reservoirs and wells
* Demonstrate the feasibility of thermal energy storage using EGS systems
* Develop cost-effective and scalable EGS systems for widespread deployment
Focus Areas
The funding opportunity will focus on the following areas:
* EGS reservoir design and development
* Advanced wellbore and reservoir completion technologies
* Thermal energy storage systems and technologies
* System integration and operations
Benefits of EGS and Thermal Energy Storage
The benefits of EGS and thermal energy storage include:
* Renewable energy generation with minimal environmental impact
* Flexibility and reliability in energy production
* Potential for energy storage and grid stability
* Reduced greenhouse gas emissions and climate change mitigation
Conclusion
The $31 million funding opportunity for EGS and thermal energy storage is a significant step towards advancing the development of this critical technology. The objectives of the funding opportunity, focus areas, and benefits of EGS and thermal energy storage all highlight the potential for this technology to play a key role in the transition to a low-carbon energy future.
FAQs
Q: What is the goal of the $31 million funding opportunity?
A: The goal is to improve Enhanced Geothermal Systems (EGS) and advance thermal energy storage technologies to increase efficiency, scalability, and cost-effectiveness.
Q: What are the focus areas of the funding opportunity?
A: The focus areas include EGS reservoir design and development, advanced wellbore and reservoir completion technologies, thermal energy storage systems and technologies, and system integration and operations.
Q: What are the benefits of EGS and thermal energy storage?
A: The benefits include renewable energy generation with minimal environmental impact, flexibility and reliability in energy production, potential for energy storage and grid stability, and reduced greenhouse gas emissions and climate change mitigation.
Q: Who is eligible to apply for the funding opportunity?
A: The funding opportunity is open to researchers, industry partners, and national laboratories.
