Sec. 5. Cost-shared exploration
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To promote the goals described in section 2, the Secretary of Energy may conduct a federally funded program of cost-shared drilling with industry partners— to explore and document new geothermal resources in the United States; and to develop improved tools and methods for geothermal resource identification and extraction, with the goal of achieving material reductions in the cost of exploration with a corresponding increase in the likelihood of drilling success. To carry out the program described in subsection (a), the Secretary of Energy may award cost-share grants on a competitive and merit basis to eligible applicants to support exploration drilling and related activities.
In selecting applicants to receive grants under paragraph (1), the Secretary of Energy shall— give preference to applicants proposing projects located in a variety of geologic and geographic settings with previously unexplored, underexplored, or unproven geothermal resources; and consider— the potential that the unproven geothermal resources would be explored and developed under the proposed project; the expertise and experience of an applicant in developing geothermal resources; and the contribution the proposed project would make toward meeting the goals described in section 2.
Data from all exploratory wells that are carried out under the program described in subsection
(a)shall be provided to the Secretary of Energy and the Secretary of the Interior for— use in mapping national geothermal resources; and other purposes, including— subsurface geologic data; metadata; borehole temperature data; and inclusion in the National Geothermal Data System of the Department of Energy. Not later than 2 years after the date of enactment of this Act, confidential data from all exploratory wells that are carried out under the program described in subsection
(a)shall be provided to the Secretary of Energy and the Secretary of the Interior for the purposes described in subparagraphs
(A)and
(B)of paragraph (1), to be available for a period of time to be determined by the Secretary of Energy and the Secretary of the Interior.