{
  "id": 9018730,
  "title": "US awards $99 million for geothermal drilling, technology projects",
  "url": "https://urgent.news/2026/09/21/us-awards-99-million-for-geothermal-drilling-technology-projects",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T21:54:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/us-awards-99-million-for-geothermal-drilling-technology-projects-4909712"
  },
  "original_language": "en",
  "account": "The US Department of Energy announced on September 21 that it has chosen 21 projects to receive up to $99 million in funding for advancing geothermal energy development. These projects aim to conduct field-scale tests of next-generation geothermal technologies and exploration drilling to identify promising geothermal resources across the United States.\n\nFive of the selected projects will focus on enhanced geothermal systems (EGS) technologies, while the remaining 16 will concentrate on exploration drilling. Companies such as Fervo Energy, Quaise Energy, Zanskar Geothermal, XGS Energy, and Invenergy have been awarded funding for their respective projects.\n\nThe Department of Energy (DOE) will make the data generated under these projects publicly available through its Geothermal Data Repository, aiding future technology development and resource exploration. DOE Under Secretary of Energy Kyle Haustveit stated that these projects will empower American innovators to unlock the significant geothermal resources beneath the country's surface.\n\nGeothermal energy has gained traction as one of the fastest-growing areas in the US power sector, with developers utilizing oil-and-gas drilling techniques to harness underground heat for electricity generation. Under President Trump's leadership, the DOE is advancing next-generation geothermal technologies to lower costs, boost American energy dominance, and convert more domestic geothermal resources into reliable and affordable power.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}