Ormat Selected for Approximately $35 Million in U.S. Department of Energy Funding to Advance EGS and Hydrothermal Development
Ormat Technologies was selected by the U.S. Department of Energy for up to approximately $35 million in funding for two geothermal projects. At Dixie Valley, Nevada, Ormat will partner with SLB and the University of Utah on an Enhanced Geothermal Systems doublet backed by up to $25 million in DOE funding; at Cove Fort, Utah, up to $9.7 million will support hydrothermal drilling and subsurface characterization with the University of Utah.
Key figures
- Deal Value Usd
- 35000000
- Doe funding total
- up to approximately $35 million
- Doe funding cove fort
- $9.7 million
- Doe funding dixie valley
- $25 million
AI analysis
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