Shitstain's DOE Flapping Their Gums On Geothermal, But Tariffs, Staffing Cuts And Stupidity Adding Up To One Big Fumble

[hatrack]

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Enhanced geothermal accelerated under Biden-era policies. But several former energy department officials say the Trump administration is failing to provide the business certainty needed to get the fledgling industry off the ground. “The whole ball game right now is bringing down those costs, proving it for investors,” (Ed. - former Deputy Energy Secretary David) Turk said. “This is really about feelings,” (Ed. - former energy loan administrator Jigar) Shah said. “Do the investors feel like this administration really has their back when it comes to investing in these new technologies? They felt like we actually had their back when I was running the loan programs office, and when secretary [Jennifer] Granholm was running energy. They’re unsure whether this administration has their back on these technologies.”

Under the Biden administration, the loan programs office was working on closing a low-interest loan for geothermal. Similar loans previously boosted Tesla and utility-scale solar. However, the Trump administration has yet to close a low-interest loan for geothermal, Shah said. The gutting of energy department staff has lowered its capacity to support geothermal, several former energy department officials said. Thousands of scientists, analysts, engineers and procurement officers took deferred resignation offers or were fired. Politico reported that the administration was considering cutting loan programs office staff by half.

The Department of Energy has lost “absolutely indispensable” experts on geothermal and loans, Turk said. “So I would worry about, have we lost some of that capacity to actually execute?” Trump’s zeal for tariffs is adding to the industry’s anxiety. Steel tariffs, now at 50%, are hurting companies that use steel in wells. Enhanced geothermal wells require installing miles of steel pipes. Behind the scenes, geothermal companies are “freaking out” about the steel tariffs, Shah said. “They don’t want to say anything negative, lest the Eye of Sauron find them,” he added.

The survival of the Inflation Reduction Act tax credits for geothermal provides some certainty. Geothermal can still access the full tax credit, as long as they begin construction by 2033, when the value of the credit will begin phasing down. But geothermal projects now face strict restrictions on the involvement of “foreign entities of concern,” such as Chinese companies and individuals, known as FEOC requirements. Geothermal projects use rare earth elements in their drill bits, and China dominates the rare earth minerals market, said a former energy department official who requested anonymity. “This is a good enough market opportunity that somewhere in the world is going to come true, and we are really well set up for it, if we’re not stupid,” the official said, talking generally about the industry. “But we’ve unfortunately been pretty stupid, and we’re making it harder on ourselves to win in an area that should be pretty easy to win.”

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https://www.theguardian.com/us-news/2025/jul/29/trump-geothermal-energy

[Lovie777]

1. shithole talking about refund checks of $600.00 to every woman, child and man...............

of legal status in the USA would cost the US Treasury close to 1 trillion dollars, would be taxable for sure.

But it's illogical and would sincerely bankrupt the country.