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Colorado Awards First Round of Geothermal Energy Grant "Letters of Intent"

By District Energy posted 10-22-2024 10:30

  

Ark Valley Voice

Summary

Colorado is ramping up its “heat beneath our feet,”  alternative energy initiative, focusing on what are said to be vast quantities of geothermal energy. This month it announced the award of $7.7 million for dozens of geothermal initiatives across the state, including one here in Chaffee County.

This investment will support 35 innovative projects to install geothermal heat pumps in buildings; study and develop interconnected geothermal systems between buildings (thermal energy networks); and test and confirm geothermal resources for zero-emissions electricity generation. All together, these awardees are expected to invest more than $100 million into the awarded projects to leverage the state investment.

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