Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB5288

Introduced

9/25/24

Refer

9/25/24

Caption

GEOTHERMAL Act of 2024 Grants Enabling Optimized Thermal Handling from Energy Recovered from Mediums that are Aquatic or Land-based Act of 2024

Impact

The implementation of SB5288 could significantly impact state laws surrounding energy use, particularly by enhancing the viability and attractiveness of geothermal systems as a mainstream option for heating and cooling. It will promote environmental sustainability by aiming to reduce greenhouse gas emissions associated with traditional HVAC systems. The bill emphasizes improvements in energy efficiency and places a strong focus on benefiting economically disadvantaged areas, ensuring that communities with limited access to capital can also take advantage of these innovations.

Summary

SB5288, titled the GEOTHERMAL Act of 2024, proposes the establishment of a federal grant program managed by the Secretary of Energy to support the development of networked geothermal heating and cooling systems within various states. The bill aims to provide substantial funding and resources to encourage states to incorporate these systems, which utilize geothermal heat pumps for energy-efficient heating and cooling solutions. This initiative responds to the growing need for renewable energy sources and is intended to facilitate a transition away from fossil fuels in state and local energy jurisdictions.

Contention

Notable points of contention arise from the funding priorities outlined in the bill. Critics may argue that while promoting networked geothermal systems is commendable, there should be a balanced investment in other renewable resources as well. Furthermore, provisions regarding labor standards and requirements for apprenticeship programs may lead to concerns over project costs and timelines. The bill also highlights the need for statutory and regulatory changes at the state level to effectively facilitate this funding, which may encounter resistance from local governments concerned about the implications of federal intervention in state energy policies.

Latest SB5288 Activity

Companion Bills

No companion bills found.

Similar Bills

US SB3954

Geothermal Energy Optimization Act

US HB8665

Supercritical Geothermal Research and Development Act

US HB398

Geothermal Cost-Recovery Authority Act of 2025This bill expands the Geothermal Steam Act of 1970 to give the Department of the Interior the authority to collect certain fees from applicants for, or holders of, geothermal leases through September 30, 2032. Specifically, Interior may direct those applicants or leaseholders to reimburse the United States for costs from (1) processing applications for geothermal leases on federal land, such as applications for geothermal drilling permits; and (2) inspecting and monitoring geothermal exploration and development activities, including reclamation activities.Interior may reduce the amount of the fee if it determines that (1) the full reimbursement would impose an economic hardship on the applicant, or (2) a less than full reimbursement is necessary to promote the greatest use of geothermal resources.Interior may use those fees only to the extent that they are provided in advance in appropriations acts for (1) processing applications for geothermal leases, and (2) inspecting and monitoring related exploration and development activities.Within five years of the bill's enactment, Interior must submit to Congress a report that includes an assessment of how the fees affect Interior's geothermal leasing program and any recommendations for updates to the fees and the program. 