Geothermal Funding Could Get 25 pct Bump in US Government Funding

February 5, 2010 /EIN PRESSWIRE/ The Geothermal Energy Association (GEA) says that the 2011 White House budget calls for a 25% increase in geothermal energy funding and the opportunity for the industry to compete for more research funding.

The GEA says Obama Administration’s budget earmarks $55 million for geothermal technology development. Additionally, the budget sets aside $500 million in credit subsidies to support loan guarantees for energy-efficiency and renewable-energy projects.

The White House has tasked the Department of Energy to lead federal efforts to double renewable energy generation capacity within the next two years.

Read more about this story at Geothermal Power News Today:

Latest Washington D.C. Geothermal Power news –
Latest Geothermal Power news –

Located at, Geothermal Power News Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest geothermal power news from around the world, saving them valuable time they’d spend searching for information. New users to Geothermal Power News Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at and the latest world news in more than 80 different industries at