The PROSPECT Act, also known as Bill 118 hr 1630, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to promote research and development in the field of renewable energy sourc...
es, with a focus on geothermal energy.
The bill aims to establish a program within the Department of Energy that will provide grants to support research and development projects related to geothermal energy. These grants will be awarded to universities, research institutions, and private companies that are working on innovative technologies to harness geothermal energy for electricity generation and other uses.
In addition to funding research projects, the PROSPECT Act also includes provisions to streamline the permitting process for geothermal energy projects on federal lands. This is intended to encourage more investment in geothermal energy development and help the United States reduce its reliance on fossil fuels.
Overall, the PROSPECT Act is aimed at promoting the growth of the geothermal energy industry in the United States and advancing the country's transition to a more sustainable and environmentally friendly energy system.