– Eavor Technologies has welcomed bipartisan geothermal permitting legislation in the US Senate
– The Geothermal Energy Optimization (GEO) Act of 2024 aims to streamline the permitting process for geothermal projects
– The legislation includes establishing permitting parity, creating a geothermal ombudsman and strike team, and setting new targets for geothermal leases on federal lands.
Eavor Technologies, an advanced geothermal energy company, has shown support for bipartisan geothermal permitting legislation introduced in the US Senate. The Geothermal Energy Optimization (GEO) Act of 2024 aims to address permitting challenges for geothermal projects nationwide. The bill establishes permitting parity for geothermal technologies, creates a geothermal ombudsman and strike team for dispute resolution, and sets new targets for geothermal leases on federal lands.
The legislation is seen as critical for advancing geothermal energy development on federal lands, with the potential to streamline the permitting process and expedite project development. Eavor Technologies, known for its closed-loop geothermal technology, sees this bill as a step towards carbon-free, sustainable energy development that can aid in decarbonization efforts, create jobs, and enhance grid capabilities with minimal water and land usage.
Eavor Technologies is actively working on projects in Texas, Nevada, and California, with a recent contract secured with the US Air Force for exploring the Eavor-LoopTM technology. The company also received a grant from the EU Innovation Fund for a commercial Eavor-Loop project in Germany. The Spring 2024 issue of Energy Global magazine covers more technical articles and news from the global renewable industry.