Contest Aims to Spur Geothermal Innovation
The U.S. Department of Energy (DOE) is promising $3.25 million for any person or group that can best others in the American-Made Geothermal Prize. The contest is designed to spur innovation and address manufacturing challenges fundamental to operating in harsh geothermal environments. The prize also supports the geothermal industry in the goal of reaching its target of 60 gigawatts of electric geothermal capacity by 2050.
The Geothermal Prize is a series of four progressive competitions that will use the advances that additive manufacturing can provide in tool design, fabrication and functionality. Eligible competitors include entrepreneurs, members of a company’s team, university students and faculty, small business owners, researchers at DOE national laboratories or anyone based in the United States that wants to bring a solution to this area. Participants will compete for cash prizes, as well as vouchers to leverage the capabilities and expertise of the American-Made Network. This network consists of maker spaces, dozens of energy incubators, universities and 17 DOE national laboratories.
“Additive manufacturing is such a promising technology for so many industries, and this prize will help ensure that our American geothermal industry continues to lead the world in innovation,” said U.S. Secretary of Energy Dan Brouillette. “By creating incentives for new approaches to device design, this prize will help unlock the full potential of geothermal power as a clean, reliable, affordable energy source for American homes and businesses.”