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The University of Colorado Boulder received $675,000 from the state on Friday to explore the feasibility of incorporating geothermal energy on campus.
Geothermal energy is the use of heat from the Earth to create renewable energy. CU Boulder will use the money to conduct two feasibility and design studies for geothermal projects that could enable on-site geothermal electricity production for millions of square feet.
"Geothermal energy, the heat beneath our feet, is an underutilized resource that can save people money on energy and improve air quality," Gov. Jared Polis said in a release. "Colorado is already a national leader in low-cost renewable energy, and now with these grants, we are supporting more geothermal energy across the state."
According to the release, developing geothermal energy resources in Colorado "is essential to achieve net-zero greenhouse gas emissions by 2050, while creating stable, good-paying jobs" and ensuring affordable and reliable access to clean energy,
CU Boulder received the funding through Colorado's Geothermal Energy Grant Program which aims to advance the use of geothermal technology statewide. CU Boulder's funding was part of $7.7 million awarded to geothermal energy projects in the state on Friday.
"We are excited to begin work on our geothermal electricity generation scoping and community district heating design studies," CU Boulder Vice Chancellor for Infrastructure and Sustainability Chris Ewing said in the release. "We are thrilled to begin working with the Colorado Energy Office, RMH, Eavor Technologies, NREL, Major Geothermal and the Boulder community on these important studies and are excited about the opportunities that may be generated from them."
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