Overview
- The first round targets two areas: $100 million for field-scale next‑generation tests and $71.5 million for exploration and confirmation drilling.
- Letters of intent are due March 27, 2026, with full applications due April 30, 2026 via the EERE Exchange platform.
- Individual awards will range from $4 million to $25 million, with as many as 28 awards anticipated in the initial round.
- The funding opportunity may remain open for up to 72 months with roughly annual review cycles, contingent on appropriations.
- DOE defines next‑generation geothermal to include enhanced geothermal systems and closed‑loop technologies, citing potential to unlock at least 300 GW of U.S. capacity by 2050.