UNR, Ormat Technologies receive $15.3M grant for geothermal energy efforts

RENO, Nev. — The U.S. Department of Energy announced more than $15 million in grant funding for the University of Nevada, Reno and Ormat Technologies, Inc., in support of geothermal energy efforts.

According to a July 29 press release, UNR received $10 million for work “to accelerate discoveries of new, commercially-viable hidden geothermal systems in the Great Basin region by combining play fairway analysis, machine learning, advanced geostatistics, and other analytical techniques into a comprehensive exploration toolkit.”

Ormat was awarded $5,361,423 “to conduct a comparative analysis of similar stimulations in different geologic environments and increase production.”

“Nevada’s work to support geothermal energy plays a critical part in the development of viable, renewable sources of energy to power our state while protecting our environment,” U.S. Sen. Jacky Rosen, D-Nev., said in a July 29 statement. “This grant funding, which will be used to support investment in geothermal research and development, will help to create a cleaner future for the Silver State. I will continue working in Congress to secure support for Nevada’s clean energy initiatives.”

Read entire story at Northern Nevada Business Weekly: https://www.nnbw.com/news/unr-ormat-receive-15-3-million-grant-for-geothermal-energy-efforts