E+E Leader
Summary
Colorado announced $12.4 million in geothermal funding last week, spread across seven projects ranging from a hospital feasibility study in Craig to a thermal energy network serving middle and high school buildings in Aspen. The dollar figure matters less than what the project mix reveals about where state-backed geothermal investment is actually heading.
The awards split between two programs. Five came from the Geothermal Energy Tax Credit Offering, which targets heating and cooling installations. Two came from the Geothermal Energy Grant Program, focused on electricity generation exploration. That split is deliberate. Colorado isn't just trying to decarbonize buildings. It's testing whether geothermal can become a source of firm, dispatchable electricity in a region where grid reliability pressure is intensifying.
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