A brand new funding alternative has been introduced by the US Division of Vitality for regional grid modeling research quantifying geothermal energy advantages.
The US Division of Vitality (DOE) and Geothermal Applied sciences Workplace (GTO) has introduced a brand new funding alternative beneath the Geothermal Assets’ Worth in Implementing Decarbonization (GRID) program. A complete of USD 7 million will likely be accessible beneath this funding.
Extra particulars can be found on the complete Funding Alternative Announcement (FOA) doc. Letters of Intent from those that want to apply should be submitted by the twenty fourth of July 2024.
This system seeks to offer funding for regional grid modeling research that quantify the potential contribution of unpolluted, agency geothermal energy in supporting an equitable transition to a future decarbonized grid and financial system. Revolutionary valuation metrics developed beneath this FOA will present a deeper understanding of geothermal vitality’s financial and reliability advantages, fostering knowledgeable choice making for future vitality insurance policies and investments.
Given the flexibility of the “warmth beneath our toes,” the worth of geothermal energy may be represented from a couple of totally different views primarily based on the present capabilities geothermal already supplies or has demonstrated, in addition to rising know-how improvements which can be unlocking new capacity for geothermal energy to contribute to the reliability of decarbonizing the grid. Research can present any of the next aspects of geothermal energy:
- Agency capability of geothermal to assist useful resource adequacy
- Flexibility of geothermal in balancing throughout an evolving era provide combine and cargo demand
- Built-in worth of geothermal together with vitality storage applied sciences
- System-wide impression of geothermal energy to grid decarbonization
By this FOA, GTO intends to fund 1?14 regional grid modeling research inside particular energy swimming pools, joint utilities teams, utility service territories, or Tribal jurisdictions within the conterminous United States, Alaska, Hawai’i, or U.S. territories. These research ought to use a number of evaluation approaches and instruments akin to capability growth modeling, manufacturing price modeling, Loss-of-Load primarily based analyses, machine studying functions, and/or alternate modeling or market design approaches.
The DOE can also be offering a Teaming Companion listing for organizations that want to take part on a challenge and should need to discover potential partnerships. The Teaming Companion Checklist web page supplies extra data on this chance.
Supply: US Division of Vitality
