The Energy Department announced funds targeted to small businesses in two separate geothermal subtopics: a) innovations to develop under-utilized markets and b) a technology transfer opportunity for coproduced geothermal resources. An informative webinar will cover the geothermal topic on Friday, November 7, at 1:30 pm.
The first of these categories focuses on innovative products or technologies that develop new markets for geothermal energy. The Geothermal Technologies Office will fund electricity production or direct use applications, excluding ground source heat pumps. All innovations in new markets are welcome, including geographic locations, such as the eastern United States, new technological applications – power storage or other ancillary services, for example – and new revenue streams, including cascading direct use applications.
A second subtopic offers a technology transfer grant focused on enabling wider use of co-produced geothermal resources. This funding opportunity focuses on developing a product that uses electromagnetic manipulation of magnetizable oil – a Fermi Lab developed technology under Patent No. 8795519 – to improve current oil/gas/water separation technologies.
This funding opportunity will be issued on November 24, 2014. Letters of Intent are due December 15, and full applications are due February 3, 2015.