Goals and Benefits
Promoting sustainability and cost-effective heat and electricity sources.
The GeoPowering the West program has the following goals and benefits.
Goals
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Reduce the transactional costs of geothermal power and show economic value in the marketplace by removing, reducing, or mitigating the institutional, regulatory and market barriers of development, and
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Characterize geothermal energy as a clean, safe, reliable and economic renewable energy source so it is appropriately valued in the marketplace.
Purpose
- To identify barriers to geothermal development.
- To pursue strategies for overcoming barriers at the regional, state, and local levels.
Benefits
- $50 billion in capital investment in the western states over 20 years
- $500 million in new income for western landowners over 20 years
- $5 billion in annual capital investment in 2020
- 20 million tons of atmospheric carbon displaced in 2020