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01/08/2014

2014 Funding Opportunity: Hydrothermal Exploration

Source:  Mack Kennedy

2014 Funding Opportunity Announcement Will Advance Hydrothermal Exploration!

Geothermal_fundingGeothermal energy today has expanded its horizons beyond traditional, surface-identified hydrothermal resources to include blind hydrothermal systems—without surface expression, enhanced geothermal systems (EGS), and low-temperature systems. These varied types of geothermal resources comprise a substantial potential for economic opportunity and the capability to significantly increase power generation, direct use, and other applications from geothermal energy.

However, major questions remain as to how to best locate and qualify these resources. Without a tested screening criteria, the search for these blind systems can be time- and resource-intensive, with a low probability of success. Developing a systematic approach early in the exploration process will improve the success rate of geothermal development projects while reducing overall exploration costs, which will improve access to financing for drilling.

The concept of "play fairway analysis" has been used to identify potential locations of blind hydrothermal systems and describe geothermal opportunities in rift-zone settings.

Borrowed from the petroleum industry, this tool incorporates the regional or basin-wide distribution of known geologic factors besides heat flow that control the occurrence of a particular example of a geothermal system.

EERE envisions awarding multiple financial assistance awards in the form of cooperative agreements. The estimated period of performance for each award will be up to one year for Phase 1, with more expedited completion preferred. Applications for conducting play fairway analysis in unexplored or underexplored basins or regions or using new play concepts in basins with known geothermal potential are especially encouraged. Comments on potential opportunities in geothermal play fairway analysis, level of interest, and scale of possible projects are welcomed, and may be directed to [email protected]. This Notice is issued so that interested parties are aware of the EERE's intention to issue this FOA in the near term.

For more information, see the full notice . EERE plans to issue the FOA in winter 2014 via the EERE Exchange website. If Applicants wish to receive official notifications and information from EERE regarding this FOA, they should register in EERE Exchange. When the FOA is released, applications will be accepted only through EERE Exchange.