U.S. federal funding for geothermal energy will exceed $1B in 2027

The Biden administration has prioritized clean energy investments, and geothermal energy is a key component of the U.S. clean energy transition. Following Fervo’s IPO success and the broader focus on AI infrastructure energy needs, Congress or the Department of Energy will allocate over $1 billion in grants, tax credits, or loans to geothermal projects in 2027.

Implied probability (Yes)

65%