OVER THE NEXT FIVE YEARS, THE US CAN EXPECT MORE GEOTHERMAL
From 2030 to 2050 the US geothermal market alone, is expected to grow by more than 60GW of renewable power with 28 million geothermal heat pumps and 17,500 heating systems.
U.S. DOE awards funding to support collaborations with industry
The U.S. Department of Energy (DOE) recently announced funding for Welltec’s ongoing all-metal WAB packer project—a new solution designed specifically for geothermal applications.
Supported through the Geothermal Technologies Office (GTO), this award is an important piece of GTO’s research and development to reduce costs and risks associated with geothermal well construction through innovative technologies that address key exploration and deployment barriers.