Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Summary
The Geo POWER Act establishes a milestone‑based demonstration program that offers innovative financing to geothermal projects in low‑permeability and impermeable reservoirs, especially in areas that currently have little or no geothermal electricity. It targets projects that can generate at least 30 MW, collect data on new resources, and attract private investment, and it requires competitive proposals from at least three different states. The goal is to lower upfront costs, de‑risk development, and speed commercialization of next‑generation geothermal technology.
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