Three webinars are set for Nov. 28 to offer information about a program offering grants to support the use of geothermal energy to provide electricity, heating and cooling.
The webinars will be available on the geothermal energy grant program website located at https://energyoffice.colorado.gov/geothermal-energy-grant. The webinars will offer information about grants for single-structure, network and electricity generation projects.
The Colorado Energy Office launched the first round of applications for the program, which will provide funding to support the use of geothermal energy for electricity generation and space heating and cooling. A total of $5 million will be awarded during the first funding round with at least one additional funding round opening next fiscal year.
“The heat beneath our feet — geothermal energy — provides Colorado with the opportunity to lower energy costs by harnessing zero-emission energy to generate electricity and heat and cool homes, businesses and communities,” said Colorado Gov. Jared Polis. “Colorado continues to be the national leader for geothermal energy, and we look forward to seeing how these grants will continue that streak.”
Will Toor, executive director of the Colorado Energy Office, said Colorado geography offers some of the most robust geothermal energy potential in the country. “Our geothermal program is an exciting opportunity to tap into this expansive resource to heat and cool our homes and increase access to reliable clean electricity. Geothermal technology will reduce greenhouse gas emissions while saving Coloradans money on energy costs and creating good-paying jobs in Colorado communities.”
Both public and private entities are eligible to apply for funding. Eligible projects include single-structure and network geothermal installations as well as geothermal electricity generation.
The Colorado Energy Office will prioritize projects in disproportionately impacted, low-income and just transition communities. The office also has reserved 25 percent of the single-structure geothermal grants for projects in these communities.