The American-Made Geothermal Manufacturing Prize (Geothermal Prize) is designed to spur innovation and address manufacturing challenges fundamental to operating in harsh geothermal environments. This prize further supports the ability of the geothermal industry to reach the target of 60 GWe of geothermal capacity by 2050 as outlined in the recently released GeoVision study .
As part of the American-Made Challenges series, the Geothermal Prize unites the world’s best-in-class research base with the unparalleled entrepreneurial support system of the American-Made Network. Consisting of pioneering maker spaces, dozens of energy incubators, universities, and 17 DOE National Laboratories, the Network is primed to create a sweeping portfolio of innovations to demonstrate the promise of additive manufacturing.
Competitors in the Ready!, Set!, Make!, and Geo! Contests participate in four escalating challenges. The contests provide a total of $4.65 million in incentives—$3.25 million in cash prizes, $1 million in vouchers, and $400,000 in field testing costs—to incentivize driving additively manufactured geothermal innovations from concept to prototype testing in two years through an accelerated schedule.