Colorado Bill to Boost Geothermal Energy Signed by Gov. Polis
COLORADO SPRINGS, Colo. — Colorado Gov. Jared Polis on Tuesday signed a bill to encourage more geothermal energy production in his state. The bill signing took place at Colorado College, home to a closed loop geothermal system.
HB25-1165, Geologic Storage Enterprise & Geothermal Resources, a bipartisan bill, was sponsored by state Reps. Amy Paschal, a Democrat, and Republican Matt Soper, and state Sens. Cleave Simpson, a Republican, and Democrat Cathy Kipp.
The bill streamlines the geothermal energy production permitting process to better commercialize this renewable energy source.
“This law helps strengthen geothermal potential in our state and supports access to this low-cost energy option. Our state is a national leader in geothermal energy, with institutions like Colorado Mesa University and Colorado College leading the way, and this new law continues moving us in the right direction,” said Polis.
“Colorado’s abundant geothermal energy — the heat beneath our feet — can reduce heating and energy costs and save Coloradans and businesses money,” said Paschal.
“We’re taking steps today to bring low-cost renewable energy sources to market in Colorado to save consumers and businesses money on energy costs.”
This law establishes a long-term funding mechanism to ensure the safety of geologic carbon storage operations. Geological storage, a form of carbon capture and sequestration, is a climate change mitigation strategy that stores greenhouse gases underground.
Beginning in 2026, this bill establishes a stewardship fee to be paid by operators of geologic storage to maintain the geological storage facility and help prevent leaks or damage.
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