Eavor Technologies Inc., a closed-loop geothermal technology company, has welcomed the bipartisan introduction of the Next-Generation Geothermal Research and Development Act, by US Senators, Catherine Cortez Masto (D-NV) and Lisa Murkowski (R-AK). The legislation seeks to modernise the Energy Independence and Security Act of 2007 to accelerate the deployment of next-generation geothermal technologies.
The bill establishes a clear federal research, development, and testing framework for next-gen geothermal systems, explicitly defining technology-neutrality by supporting both closed-loop geothermal and enhanced geothermal systems (EGS). It creates new Next-Generation Research and Development Programs and establishes a Next-Generation Geothermal Center of Excellence.
