Sec. 2. Purpose
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The purpose of this Act is to advance next-generation geothermal demonstration projects— to accelerate the commercialization of next-generation geothermal technologies in diverse geologies and regions across the United States; to overcome high upfront capital costs for geothermal exploration and drilling; to generate public data to de-risk future geothermal projects in new geologies and regions; and to catalyze geothermal demonstration projects and innovation through milestone-based financing to de-risk future geothermal projects.