Geothermal Heats Up With $350M New Stimulus Funding from Government

The Obama administration announced $350 million in stimulus funds to help expand geothermal resources and break down technological barriers. This is a huge jump in funding, dwarfing all previous government commitments and is more than all the funding for geothermal energy put together over the last 20 years. It also represents a dramatic reversal of previous trends of diminishing funding for this often overlooked renewable energy sector.