Geo POWER Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8437 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8437 To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 22, 2026 Mr. Begich (for himself and Ms. Lee of Nevada) introduced the following bill; which was referred to the Committee on Science, Space, and Technology _______________________________________________________________________ A BILL To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Geothermal Power Opportunity With Expanded Regions Act'' or the ``Geo POWER Act''. SEC. 2. PURPOSE. The purpose of this Act is to advance next-generation geothermal demonstration projects-- (1) to accelerate the commercialization of next-generation geothermal technologies in diverse geologies and regions across the United States; (2) to overcome high upfront capital costs for geothermal exploration and drilling; (3) to generate public data to de-risk future geothermal projects in new geologies and regions; and (4) to catalyze geothermal demonstration projects and innovation through milestone-based financing to de-risk future geothermal projects. SEC. 3. INNOVATIVE FINANCING FOR GEOTHERMAL DEMONSTRATION PROJECTS. Section 615 of the Energy Independence and Security Act of 2007 (42 U.S.C. 17194) is amended-- (1) in subsection (a), by inserting ``the milestone-based geothermal demonstration program for projects in low permeability and impermeable reservoirs described in subsection (e) and'' after ``including''; (2) in subsection (d), by striking paragraph (3); and