"US Energy Department's Push for Next-Generation Geothermal Energy"

The Department of Energy is heavily investing in geothermal energy, a clean and on-demand power source that harnesses heat from deep within the Earth to produce largely pollution-free electricity. The agency aims to supply the energy equivalent of 4 million households by 2030 and hopes to install between 90 to 300 gigawatts of geothermal power by 2050. This form of energy has garnered interest from both the renewable energy sector and the oil and gas industry, and it has bipartisan support in Congress. The main challenge lies in building confidence and attracting investment from the financial industry, but the Department of Energy is committed to de-risking the industry and accelerating its development.