S. 4116IntroducedSenate · nowHousePresidentLawIn committeeSec. 2 · S. 4116
Purpose
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The purpose of this Act is to advance next-generation geothermal demonstration projects— (1) to accelerate the commercialization of next-generation geothermal technologies in diverse geologies and regions across the United States; (2) to overcome high upfront capital costs for geothermal exploration and drilling; (3) to generate public data to de-risk future geothermal projects in new geologies and regions; and (4) to catalyze geothermal demonstration projects and innovation through milestone-based financing to de-risk future geothermal projects.