Geo POWER Act

This bill, known as the Geo POWER Act, creates a new government program to fund geothermal energy projects in areas where such power has not been previously generated. It directs the Department of Energy to provide milestone-based financing to projects in low-permeability rock formations and regions with limited geothermal activity, including areas on or near Indian lands. The program requires projects to achieve specific technical and financial goals to receive funding, with a minimum of three projects awarded across at least three different states. Each funded project must have the potential to generate at least 30 megawatts of electricity or advance innovative drilling technologies that could enable larger-scale commercial geothermal power.