US DOE allocates $99M to geothermal drilling and tech projects

The US Department of Energy has selected initiatives for controlled excavation and technology testing to expand geothermal electricity, which currently represents less than 1% of global generation. The funding aims to advance next-generation geothermal technologies, though specific project details and expected capacity impacts remain unspecified. This signals continued federal support for baseload renewable energy, potentially improving long-term energy security and decarbonization prospects.