WASHINGTON, May 30 (Reuters) - The U.S. Department of
the Interior said on Friday it was implementing emergency
permitting procedures to accelerate reviews of geothermal energy
projects as part of President Donald Trump's energy agenda.
The projects that will be fast-tracked include three in
Nevada led by Ormat ( ORA ), which received funding in 2020
during the first Trump administration for research and
development.
The announcement comes a month after the Interior
Department said it would slash approval times that typically
take months or years to at most 28 days for energy or mining
projects on federal lands that it deems urgent.
"Geothermal energy is a reliable energy source that can
power critical infrastructure for national security and help
advance energy independence," Interior Secretary Doug Burgum
said. "We're fast-tracking reliable energy projects while
strengthening national security and supporting American
workers."
The Trump administration declared an "energy emergency" in
Trump's first days in office, allowing him to use a series of
steps to fast-track or skip over lengthy environmental reviews
and permitting processes for oil and gas production as well as
mining.
His emergency orders did not apply to renewable energy like
solar power or wind but now applies to geothermal, a form of
renewable energy which harnesses heat generated within the earth
for heating, cooling and electricity generation.
It is a technology that has support from Energy Secretary
Chris Wright, who has previously invested in geothermal company
Fervo Energy.
Geothermal energy is regarded as a good alternative to
traditional power sources like gas and coal because, unlike
solar and wind that depend on the weather, it can run at all
hours of the day.
But land access, long permitting times and technical
challenges have limited its development. Geothermal accounts for
less than 1% of all U.S. electricity capacity, according to the
U.S. Energy Information Administration.
Last week, the U.S. Geological Survey produced a report
that said geothermal energy in the Great Basin of Nevada and
adjoining states could produce electricity equivalent to 10% of
the current U.S. power supply.