US GeoTek gets DOE funding for gravity-based geothermal power solution
Jul 15, 2011 - US geothermal power technology developer GeoTek Energy LLC said Thursday it had secured Department of Energy (DOE) funding of USD 450,000 (EUR 317,700) for the initial design of its gravity-based geothermal power technology.
The company may get USD 2.4 million in additional funds to validate the design and further develop its Gravity Head Energy System (GHES).
Thanks to the force of gravity, GeoTek's technology eliminates pumps and motors that are typically used in binary geothermal energy generation. Once validated, the technology will result in higher cycle efficiency and increased energy production from a certain geothermal resource, the Texas-based company said.
GeoTek and seven other US projects recently got financing of USD 11 million under a DOE programme that seeks to advance geothermal power technology.