Senate Foreign Relations Committee Advances Schatz Bipartisan Bill To Promote Geothermal In Indo-Pacific

WASHINGTON – Today, the U.S. Senate Foreign Relations Committee advanced the Pacific POWER Act, bipartisan legislation authored by U.S. Senator Brian Schatz (D-Hawai‘i) to promote geothermal exploration and production in the Indo-Pacific by leveraging the United States’ expertise as the world leader in geothermal electricity generation capacity. In addition to Schatz, the bill is co-sponsored by U.S. Senators Dave McCormick (R-Pa.), Chris Coons (D-Del.), John Curtis (R-Utah), and John Fetterman (D-Pa.). “With energy demand rising and countries experiencing shortages, we have an opportunity to extend our leadership in geothermal energy and help our allies and partners become more energy secure,” said Senator Schatz, a member of the Senate Foreign Relations Committee. “Our bill will harness the expertise, capabilities, and financial tools of the U.S. public and private sectors to promote geothermal research and deployment in the Indo-Pacific in ways that support our economic interests and national security.” Geothermal energy has the potential to meet a significant portion of the growth in electricity demand globally over the next few decades. But geothermal development is lagging globally because of challenges including high exploration costs and the need for stronger policy and supply chains. The United States, as the global leader in geothermal electricity generation, has the resources, expertise, and commercial capabilities necessary to support allies and partners develop geothermal capacity and become more energy secure in ways that also benefit U.S. security and economic businesses. The Pacific POWER Act will: Establish a new geothermal program at the U.S. Department of State, tasked with working bilaterally and multilaterally to develop goals for geothermal deployment; Direct the Department of State to assess global geothermal resources, determine areas of highest potential that benefit U.S. security and economic interests, strengthen geothermal supply chains, and develop financial tools to help advance geothermal projects; and Require the Department of State to create public-private partnerships for geothermal research, exploration, and production in at least five countries, three of which must be in the Indo-Pacific. The text of the legislation is available here . ###