en.Wedoany.com Reported - The Colorado Energy Office (CEO) has announced a grant of $12.4 million to fund seven geothermal projects covering heating, cooling, and electricity generation. The funds will be used for the planning and installation of thermal energy networks (TEN) as well as the exploration and drilling for geothermal power generation.

The funding comes from the Geothermal Energy Grant Program (GEGP) and the Geothermal Tax Credit Program (GETCO). Among these, five GETCO projects focus on heating and cooling, while two GEGP projects concentrate on electricity generation. Awarded projects include Memorial Hospital, Aspen School District, Fervo Energy, and others. Since the beginning of the year, CEO has allocated a total of $42.6 million for geothermal development.

"Colorado is leading the way in utilizing geothermal resources to save on energy bills," said Colorado Governor Jared Polis. "By investing in geothermal technology, we are reducing emissions and providing clean heating." To date, GEGP has funded 42 heating and cooling projects and 6 geothermal power generation projects, totaling $9.8 million. GETCO projects are still accepting applications, with the deadline set for June 30, 2026.

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