Geo POWER Act

Key Points

• This bill creates a new program to help companies build geothermal power plants in parts of the country that do not have them yet. Geothermal energy uses heat from deep underground to make electricity.
• The government would provide special funding to at least three different projects in three different states. This money is meant to help with the high costs of drilling and exploring for heat.
• Companies only get the money when they hit specific goals or milestones. This ensures that taxpayer money is used effectively as the projects prove they can actually work.
• The plan focuses on projects that can produce at least 30 megawatts of power. It also prioritizes building these plants on or near tribal lands to help those communities get more clean energy.
• By sharing the data from these projects, the government hopes to show private investors that geothermal energy is safe and profitable. This could lead to more clean energy jobs and more reliable power across the nation.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.