Advancing Geothermal Research: Fiscal Year 2023 Accomplishments Report

Geothermal energy has delivered renewable power for more than 100 years, and renewable heat for far longer, but recent research and advancements have shown that the potential of geothermal is largely untapped. With the ability to provide 24/7 renewable electricity, heating/ cooling, and storage - plus the potential to access critical minerals and more - the Earth's subsurface is a powerhouse ready to be tapped. Investors and leaders across both the public and private sectors are recognizing the unique value of geothermal, and the National Renewable Energy Laboratory (NREL) is leading the way by supporting the U.S. Department of Energy (DOE) Geothermal Technologies Office (GTO) in advancing geothermal energy options today and strategically planning for tomorrow. In support of this objective during fiscal year 2023 (FY23), NREL expanded its collaborations with public and private partners, led impactful research in key technology and energy system areas, demonstrated leadership in the sector, and increased stakeholder engagement and outreach efforts.