The GEODE initiative pulls from the expertise of the oil and gas sector to expand geothermal energy deployment, innovate cutting-edge technologies and impact the future of renewable energy.
According to the Electric Power Research Institute, data centers could consume up to 9% of U.S. electricity generation annually by 2030, up from 4% in 2023.
The leases are in regions near Massachusetts, New Hampshire and Maine that could produce about 13 gigawatts of clean energy, enough to power more than 4.5 million homes.
The selected communities will focus on projects such as building efficiency and electrification, clean transportation, energy infrastructure improvements, microgrid development, renewable energy and job training.
Projects seeks to increase resilience in emergencies, lower energy costs for residents and businesses, and provide employment opportunities in rural areas
While geothermal systems have been essential electricity providers, their development has lagged behind other sources of renewable energies such as wind and solar.