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DOE OSTI2025

Prediction and Analysis of Utah FORGE Injection Activities using a Coupled Thermo-hydro-mechanical and Earthquake (THM+E) Modeling Workflow

A coupled thermo-hydro-mechanical (THM) numerical workflow that is capable of modeling seismic slip is critical for the successful development of enhanced geothermal systems (EGS). By integrating key physical processes, this workflow enables accurate simulation of temperature and pressure diffusions, stress changes, and induced seismicity. As a result, it serves as a vital tool for predicting induced seismicity and optimizing reservoir stimulation strategies. The Utah FORGE (Frontier Observatory for Research in Geothermal Energy) project, located near Milford, Utah, is a U.S. Department of Energy initiative aimed at advancing EGS technology. In April 2024, eight new stimulation stages (Stages 3R-10) were conducted in well 16A (injection well) subsequent to the first series of stimulation (Stages 1-3) performed in April, 2022. To monitor the induced seismicity, geophones were deployed in wells 58-32, 56-32, and 78B-32, while fiber optic cables were also installed in wells 16B, 78-32, and 78B-32 to collect microseismic data and detect frac hits Preliminary analyses of microseismic catalogs and fiber optic data suggest that the stimulated fractures in Stages 3R–6 closely align with that generated during Stage 3, indicating that the new stimulations were likely reactivating the previously stimulated fracture. To better understand the underlying process, a comprehensive modeling approach that can accurately capture thermal, hydrological, mechanical, and seismic responses is essential. In this work, we propose and utilize a coupled thermo-hydro-mechanical and earthquake (THM+E) simulation workflow to numerically investigate the stimulation activities on well 16A. The specific objective is to confirm whether the new stimulation stages (Stages 3R–6) reactivated fractures previously stimulated during Stage 3. For this purpose, we perform THM+E simulations individually for Stages 3, 3R, 4, and 5, incorporating the discrete fracture networks (DFNs) created by the plane-fitting technique based on the microseismic catalogs. The simulation workflow consists of two separate models: a THM model and an earthquake model, coupled in a one-way manner. Detailed descriptions of the workflow are provided in Section 3. Simulation results are presented in terms of injection pressure, permeability evolution, and predicted seismic catalogs, which are then compared with field data for further analyses. This report is structured as follows. In Section 2, we present detailed analyses of the field data and propose the hypothesis that the new stimulation stages (Stages 3R–6) were probably reactivating the previously stimulated fractures in Stage 3. In Section 3, we introduce the coupled THM+E workflow and the problem setup to validate our hypothesis, followed by the simulation results for each stage in Section 4. Meanwhile, discussions are included to analyze the model predictions and their comparison with field data. Lastly, we conclude the report and outline future plans in Section 5.

15 GEOTHERMAL ENERGY↗

DOE OSTI2023

Physics-Informed Deep Learning-Based Proof-of-Concept Study of a Novel Elastohydrodynamic Seal for Supercritical CO 2 Turbomachinery

Supercritical carbon dioxide (sCO 2 ) power cycles show promising potential of higher plant efficiencies and power densities for a wide range of power generation applications such as fossil fuel power plants, nuclear power production, solar power, and geothermal power generation. sCO 2 leakage through the turbomachinery has been one of the main concerns in such applications. To offer a potential solution, we propose an elastohydrodynamic (EHD) seal that can work at elevated pressures and temperatures with low leakage and minimal wear. The EHD seal has a very simple, sleeve-like structure, wrapping on the rotor with minimal initial clearance at micron levels. Here, in this work, a proof-of-concept study for the proposed EHD seal was presented by using the simplified Reynolds equation and Lame’s formula for the fluid flow in the clearance and for seal deformation, respectively. The set of nonlinear equations was solved by using both the conventional Prediction–Correction (PC) method and modern Physics-Informed Neural Network (PINN). It was shown that the physics-informed deep learning method provided good computational efficiency in resolving the steep pressure gradient in the clearance with good accuracy. The results showed that the leakage rates increased quadratically with working pressures and reached a steady-state at high-pressure values of 15~20 MPa, where Q = 300 g/s at 20 MPa for an initial seal clearance of 255 μm. This indicates that the EHD seal could be tailored to become a potential solution to minimize the sCO 2 discharge in power plants.

30 DIRECT ENERGY CONVERSION↗

DOE OSTI2025

Thermo-hydraulic steam pipe models for district heating simulations: Simplifications to balance accuracy and simulation speed

Steam piping networks are essential for optimizing performance in industrial processes and district heating systems. However, dynamic models that balance thermo-hydraulic accuracy with computational efficiency remain limited. In response, this paper presents a new discretized steam pipe model based on the plug flow approach, capturing key thermo-hydraulic behaviors while simplifying steam phase change processes. Implemented in Modelica, the model accurately calculates temperature and pressure distributions along steam pipelines. To improve computational efficiency for district-scale simulations, five model simplifications are introduced: lumped thermo-hydraulic functions, empirical correlations, fluid state approximations, steady-state dynamics and inclusion of flow derivatives. These simplified models achieve 85%-98% accuracy in predicting pressure drop and condensation losses, including dynamic condensate behavior during pipe warm-up—a factor often overlooked in existing models. The models support diverse network configurations, scaling effectively to systems with multiple distribution pipes and connected building loads. Discrete models provide detailed insights but exhibit a cubic increase in simulation time as the network scales by N connected building O(N 2.42 ). In contrast, lumped models simulate 10–28 times faster than discrete, offering quadratic scaling of simulation time O(N 1.73 ). However, they still require 6 times more computation time than a lossless network, highlighting the inherent computational challenges of modeling compressible fluid flow. In conclusion, the steady-state lumped variant, with its near-linear scalability in computational time O(N 1.01 ), emerges as an efficient solution for preliminary design evaluations and extensive parametric studies.

15 GEOTHERMAL ENERGY↗

DOE OSTI2024

Utah FORGE: Microseismic Surface Network Catalogs for Wells 16A(78)-32 and 16B(78)-32 Stimulation 2022 and Circulation 2023

This dataset includes microseismic surface network catalogs for Utah FORGE. Data were recorded during the stimulation of well 16A(78)-32 in 2022 and the circulation tests between wells 16A(78)-32 and 16B(78)-32 in 2023. Near-surface seismic monitoring during circulation experiments in wells 16A(78)-32 and 16B(78)-32 revealed fracture growth after shut-in. The catalog provided here offers a comprehensive list of microseismic events, including details on their spatial and temporal distribution, magnitude, and clustering behavior.

15 GEOTHERMAL ENERGY↗

DOE OSTI2021

Recent seismicity at Ceboruco Volcano (Mexico)

Magma and related hydrothermal fluid movement, and their interaction with solid rock, in active volcanic regions, generate a wide variety of seismic waves whose characterization can mitigate the risk of a potential eruption. Located in the western region of the Trans-Mexican Volcanic Belt, Ceboruco Volcano, whose last eruptive period was 1870–1875, is considered to be one of the most hazardous volcanoes in Mexico. We have conducted a detailed study of the seismicity in the surroundings of Ceboruco's volcanic edifice to assess the current state of this volcano. A dense temporary seismic network with 25 seismic stations in an area of 16 km × 16 km was deployed between November 2016 and July 2017, as part of the P-24 project of the CeMIEGeo consortium; this effort has allowed the detection of 81 earthquakes concentrated beneath the crater with depths between 4 and 8 km. In this study, we observe that the recorded seismicity occurs in swarms, and we specifically identify four sequences that we characterize in detail via the first focal mechanisms available for this volcano. Our results suggest a change in the local seismicity distribution compared to earlier observations, which reported seismic activity near the volcano edifice associated with fluid migration along zones of weakness related to the extensional stresses of the Tepic-Zacoalco rift. The changes in seismic patterns and obtained focal mechanisms are consistent with observed fluid effects at many geothermal sites worldwide, but also could suggest resumption of activity at this currently dormant volcano.

58 GEOSCIENCES↗

DOE OSTI2026

Stochastic Thermo-Hydro Modeling and Neural Network Surrogate Development for Thermal Resource Assessment of the Galleries-to-Calories Geobattery

The Galleries-to-Calories Geobattery concept explores the use of abandoned coal mine workings for large-scale thermal energy transport and storage. The system involves injecting waste heat from a supercomputing facility into flooded mine galleries, where groundwater flow can store and transport thermal energy for potential recovery in downgradient district heating and cooling applications. To evaluate the feasibility and performance of the Geobattery under geological and operational uncertainty, we developed a suite of stochastic thermo-hydrological (TH) simulations using Monte Carlo sampling of key uncertain parameters (e.g., permeability, porosity, thermal conductivity, specific heat capacity) and operating conditions (e.g., injection rate, injection temperature). Results identified injection rate and temperature as the most influential parameters governing thermal front propagation, while the geometry of the room-and-pillar structure played a critical role in directing the extent and orientation of thermal advancement. Optimal combinations of material properties for maximizing heat recovery were also determined. To address the high computational cost of coupled-process stochastic modeling, we trained a neural network surrogate model on 24,000 physics-based realizations, achieving an R² > 0.99 and MAE < 0.1 for temperature predictions at monitoring locations. This surrogate enabled an additional 100,000 realizations for global sensitivity analysis and probabilistic thermal resource assessment. The integrated stochastic physics–surrogate modeling framework offers a computationally efficient tool for quantifying uncertainty, identifying key drivers, and informing early-stage design decisions for Geobattery systems.

15 - GEOTHERMAL ENERGY↗

DOE OSTI2026

Generative AI in Supply Chain Management: Applications, Challenges, and Future Directions

Supply chain management (SCM) is undergoing rapid transformation due to increasing global complexity, demand volatility, and operational disruptions. Generative Artificial Intelligence (GenAI) has emerged as a powerful paradigm capable of synthesizing data, simulating operational scenarios, and enabling adaptive decision-making across supply chain networks. This paper presents a survey of GenAI’s role in SCM, focusing on its applications in predictive analytics, autonomous logistics, and fraud detection. Unlike traditional AI systems that rely primarily on predictive analytics, GenAI models, including large language models, generative adversarial networks, and diffusion-based architectures, enable the creation of synthetic supply chain scenarios and autonomous optimization strategies. This survey provides (1) a taxonomy of GenAI techniques for supply chain applications, (2) a comparative analysis of generative AI approaches with traditional machine learning, reinforcement learning, and blockchain-based methods, and (3) a discussion of key challenges such as data privacy, interpretability, and integration with legacy enterprise systems. Furthermore, we outline open research problems and propose directions for future research toward autonomous, resilient, and sustainable AI-driven supply chains.

15 - GEOTHERMAL ENERGY↗

DOE OSTI2024

Inaugural Molten Salt Technologies Workshop Powering the Future

The inaugural “Molten Salt Technologies – Powering the Future” Workshop marked a significant convergence of minds from diverse industries, each harnessing molten-salt technologies in innovative ways. Participants from sectors such as solar, geothermal, and advanced nuclear energy, as well as those involved in cutting-edge applications like thermal transport and rare-earth metals extraction, gathered to discuss their shared technical challenges and opportunities. Industry leaders in metal extraction and recycling, alongside experts in high-temperature sensor technology and advanced material manufacturing, also brought their unique perspectives to the table. This workshop served as a crucial platform for these varied industries to delve into the engineering intricacies that molten salt technologies entail. Common challenges such as understanding the thermophysical properties of salts, tackling corrosion mechanisms in harsh environments, and enhancing material resilience under extreme conditions were at the forefront of discussions. These technical sessions highlighted the critical need for cross-industry collaboration to address issues like salt life-cycle process engineering, impurity mitigation, and the development of durable, high-performance materials. By bringing together academia, industry, and representatives from national laboratories and the U.S. Department of Energy (DOE), the workshop facilitated a rich exchange of knowledge and experiences. This interaction not only fostered new partnerships but also strengthened the network among existing collaborators, setting the stage for joint solutions to the complex problems faced by all sectors using molten salt technologies. The event underscored the importance of collaborative efforts in overcoming common engineering challenges and advancing the application of molten-salt technologies across various industries. The workshop not only provided an essential forum for networking and idea exchange but also highlighted the collective drive towards innovative solutions that could benefit multiple fields.

Department of Energy↗

DOE OSTI2024

Inaugural Molten Salt Technologies Workshop Powering the Future

Department of Energy↗

DOE OSTI2023

EGS Collab Experiment 2: Hydraulic Pressure Test Results

The EGS Collab experiment 2 was focused on testing shear stimulation techniques. Shear stimulation, in this case, means using hydraulic pressure to cause shear slip on preexisting fracture or fault planes such that the hydraulic conductivity of the fracture or fault increases. The concept is to create a percolating network of permeable fractures by enhancing the permeability of a primarily preexisting network of fractures. To test this concept the hydraulic pressures for experiment 2 were kept below the the estimated magnitude of the least compressive principal stress based on a set of stress measurements in nearby well TV4100. All tests for experiment 2 were performed by applying hydraulic pressure to well E2-TC. Subsequent stimulations in both E2-TC and E2-TU where the injection pressure was increased above the least compressive principal stress are considered part of experiment 3, which is documented separately. The data are organized in directories labeled by the depth range isolated between packers.

15 GEOTHERMAL ENERGY↗

DOE OSTI2023

Analysis of the 2021 Milford, Utah earthquake swarm: Enhanced earthquake catalog and migration patterns

An earthquake swarm occurred in Spring 2021 in south-central Utah near the town of Milford. The University of Utah Seismograph Stations located 125 earthquakes between March 19 and May 10 with magnitudes ranging from 0.5 to 3.2. We implement a matched-filter technique in order to identify additional earthquakes that went undetected during the routine network location. The 125 network-located earthquakes are used as templates and are cross-correlated with continuous data for the dates Feb 17—June 10. This time period corresponds to approximately 1 month before the earthquake swarm began through 1 month after it ended. For the matched-filter analysis, we rely heavily on station FOR1, which is located within 5 km of most template events. Four other stations within 20–30 km of most template events provide a supplement to the closest station. The matched-filter implementation results in the detection of over 600 earthquakes in addition to the original 125 catalog events. This is one of the largest swarms ever recorded in Utah, and no previous large swarms have been recorded in this location. We use HypoDD to obtain relative double-difference locations of the catalog events. Both routine locations and HypoDD relocations of the catalog events suggest a fault dipping west beneath the mountain range, opposite of typical Basin and Range normal faults that dip beneath alluvial valleys. Moment tensors for the largest five events show normal faulting consistent with the west-dipping fault seen in the seismicity. Hydrothermal features in the area, including a geothermal power plant, suggest that fluids may be a contributing factor to the earthquake swarm triggering. We examine the role of fluids by exploring bounds on diffusion parameters and investigating spatial migration characteristics of the swarm seismicity. We conclude that this swarm is the result of heterogenous stress conditions in a prefractured region.

58 GEOSCIENCES↗

DOE OSTI2021

Recent Developments at the Raft River Geothermal Field

The Raft River geothermal field, located in Cassia County in southwestern Idaho, is the site of a Department of Energy Enhanced Geothermal System project. U.S. Geothermal, Inc. currently produces about 11 MWe from Precambrian metamorphic rocks. These lie beneath ~5,000 ft of Quaternary and Tertiary volcaniclastic and volcanic deposits. Maximum temperatures range from 271°F to 300°F. Well RRG-9 ST1, the well targeted for stimulation is located approximately 1 mile south of the main bore field. The open hole section of the well, from 5,551 to 5,900 ft MD, consists of Precambrian Elba Quartzite, the stimulation target, granite and minor diabase. Prior to setting the casing acoustic, gamma ray, and density logs were run. After completing the well, a step rate/step down test was conducted. The maximum injection rate achieved was 18 bpm at a wellhead pressure of 1,150 psig. A borehole televiewer run in the open hole section showed evidence of more than eighty fractures. The majority of these fractures trend from N20⁰W to N20°E and dip from 40° to 60°W. Permeable fractures were encountered in the Elba Quartzite at 5,640-5,660 ft MD. Analysis of the injection test indicates that the minimum in-situ principal stress in this zone is 3,050-3,200 psi, corresponding to a fracture gradient of 0.59-0.62 psi/ft. A discrete fracture network model was developed using measured and inferred fracture orientations, distributions and dimensions. A three-phase stimulation program is proposed for RRG-9 ST-1. During the first two stages, water at 140°F, and later 40°F, will be injected to pre-condition and thermally fracture the reservoir. Here, the third stage will consist of a high rate, large volume conventional hydraulic stimulation.

Bradford, Jacob↗

DOE OSTI2024

DASEventNet: AI‐Based Microseismic Detection on Distributed Acoustic Sensing Data From the Utah FORGE Well 16A (78)‐32 Hydraulic Stimulation

Abstract Distributed acoustic sensing (DAS) has emerged as a promising seismic technology for monitoring microearthquakes (MEQs) with high spatial resolution. Efficient algorithms are needed for processing large DAS data volumes. This study introduces a deep learning (DL) model based on a Residual Convolutional Neural Network (ResNet) for detecting MEQs using DAS data, named as DASEventNet. The test data were collected from the Utah FORGE 16A (78)‐32 hydraulic stimulation experiments conducted in April 2022. The DASEventNet model achieves a remarkable accuracy of 100% when discriminating MEQs from noise in the raw test set of 260 examples. Surprisingly, the model identified weak MEQ signatures that have been manually categorized as noise. The decision‐making process with the model is decoded by the classic activation map, which illuminates learning features of the DASEventNet model. These features provide clear illustrations of weak MEQs and varied noise types. Finally, we apply the trained model to the entire period (∼7 days) of continuous DAS recordings and find that it discovers >5,700 new MEQs, previously unregistered in the public Silixa DAS catalog. The DASEventNet model significantly outperforms the traditional seismic method Short‐Term Average/Long‐Term Average (STA/LTA), which detected only 1,307 MEQs. The DASEventNet detection threshold is M w −1.80 compared to the minimum magnitude of M w −1.14 detected by STA/LTA. The spatiotemporal distribution of the newly identified MEQs defines an extensive stimulation zone and more accurately characterizes fracture geometry. Our results highlight the potential of DL for long‐term, real‐time microseismic monitoring that can improve enhanced geothermal systems and other activities that include subsurface hydraulic fracturing.

15 GEOTHERMAL ENERGY↗

DOE OSTI2022

A deep learning-based direct forecasting of CO 2 plume migration

Accurate and timely forecasts of CO 2 plume evolution in geological reservoirs are crucial for CO 2 migration detection, leakage risk assessment, and operation decision support. Conventional forecasting usually adopts a two-step strategy, first calibrating reservoir model parameters against observations using iterative inverse modeling (or history matching) and then applying the calibrated model for predictions. This method impedes real-time forecasts due to the heavy computational demand in inverse modeling and may suffer from poor prediction accuracy because of the limited observation data. In this work, we propose a deep learning-based latent space mapping framework to forecast CO 2 plume migration directly by avoiding the inverse modeling. We first use the convolutional autoencoder to map the high-dimensional complex plume extents onto low-dimensional latent space. Next, we use neural networks to learn the relationship between the observation variables and the prediction latent variables. And then for given observation data, we infer the prediction values directly. This one-step direct forecasting is computationally efficient which requires a few number of parallelizable reservoir simulations and it can provide accurate predictions with limited observations by learning the observation-prediction relationship in the reduced dimension. Therefore, our proposed method enables an in-time forecast of dynamic CO 2 plume distributions. In this work, we demonstrate the effectiveness and accuracy of our method in predicting the CO 2 plume migration using four metrics such as plume area, centroid movement distance, and plume spreading in the primary and secondary directions. And the spatio-temporal evolution patterns of plume migration under diverse geological complexities are also accurately quantified.

15 GEOTHERMAL ENERGY↗

DOE OSTI2026

Variability in Performance of a Machine Learning Seismicity Catalog: Central Italy, 2016–2017

Machine learning (ML) catalogs contain many more earthquakes than routine catalogs, but their performance in phase picking and earthquake detection has not been fully evaluated. We develop station‐level detection probabilities using logistic regression and combine them across a seismic network to compute spatial magnitude‐of‐completeness fields. We apply this approach to two catalogs from the 2016–2017 Central Italy sequence that were constructed from the same seismic network, one routine and one ML‐based. At the station level, the ML picker increases detection sensitivity by identifying smaller magnitude events and detecting earthquakes at greater distances. Spatially, the magnitude of completeness decreases substantially, with median values shifting from 1.6 to 0.5 for P waves and from 1.7 to 0.5 for S waves. However, the ML catalog also shows greater variability in station‐level performance than the routine catalog. These results demonstrate that ML‐based improvements in detectability are widespread but spatially nonuniform, highlighting their benefits, their limitations, and the potential for further improvements.

15 GEOTHERMAL ENERGY↗

DOE OSTI2023

Reassessing long-standing meteorological records: an example using the national hottest day in Ireland

This analysis highlights the potential value in reanalysing early national meteorological records from around the world. These were oftentimes measured via techniques that preceded standardisation of instrumentation and methods of observation and thus could be subject to considerable biases and uncertainties. This analysis uses the techniques pioneered by WMO record assessment teams. The highest currently recognised air temperature (33.3 °C) ever recorded in the Republic of Ireland was logged at Kilkenny Castle in 1887. The original observational record however no longer exists. Given that Ireland is now the only country in Europe to have a national heat record that was set in the 19th century, a reassessment of the verity of this record is both timely and valuable. The present analysis undertakes a fundamental reassessment of the plausibility of the 1887 temperature record using methods similar to those used to assess various weather extremes under WMO auspices over recent years. Specifically, we undertake an inter-station reassessment using sparse available records and make recourse to the new and improved 20CRv3 sparse-input reanalysis product. Neither surrounding available stations nor the reanalysis offer substantive support for the Kilkenny record of 33.3 °C being correct. Moreover, recent data rescue efforts have uncovered several earlier extreme values, one of which exceeds the Kilkenny value (33.5 °C on 16 July 1876 recorded at the Phoenix Park). However, the sparsity of early observational networks, a distinct lack of synoptic support from 20CRv3 for many of the extreme heat values, and the fact that these measurements were obtained using non-standard exposures lead us to conclude that there is grossly insufficient evidence to support any of these 19th century extremes as robust national heat record candidates. Data from the early 20th century onwards benefit from a denser network of stations undertaking measurements in a more standardised manner, many under the direct auspices of Met Éireann and its predecessors, adhering to WMO guidance and protocols. This enables more robust cross-checking of records. We argue that the Met Éireann-recognised 20th century heat record from Boora in 1976 is verified as the most plausible robust national temperature record based upon the synoptic situation and comparisons with nearby neighbouring stations. This measurement of 32.5°C thus likely constitutes the highest reliably recorded temperature measurement in the Republic of Ireland. Ultimately, the formal decision on any reassessment and reassignment of the national record rests with the national meteorological service, Met Éireann.

15 GEOTHERMAL ENERGY↗

DOE OSTI2025

Monitoring Fracture Hydromechanical Evolution in the Lab and Field Using Unsupervised Metric Learning

Fractures evolve in time through thermal‐hydraulic‐mechanical‐chemical (THMC) processes that alter their long‐range hydraulic transport properties and modify subsurface behavior and activities. The location of subsurface fractures makes it necessary to use remote sensing techniques such as passive or active seismic monitoring for fracture characterization. In this paper, we develop a machine learning approach to monitor the evolution of fracture properties using passive seismic sources in a laboratory setting and using active seismic monitoring from the Sanford Underground Research Facility in Lead, South Dakota, at a depth of 1.25 km in amphibolite rock during stimulation of natural fractures as well as during induced fracturing. The unsupervised metric learning technique applies tandem neural networks (twin (Siamese) or triplet) with contrastive loss and adaptive margins to track slowly varying systems for which class or similarity labels are not available. The approach adopts locality‐sensitive hashing to divide time‐ordered contiguous data into an arbitrary number of pseudo‐classes. Contrastive‐loss training with many hash bins generates an evolving latent‐space trajectory. This approach enables unsupervised metric learning for seismic data stacks under the condition of contiguous state sampling and slowly varying fracture properties. The displacement discontinuity theory provides a mechanistic foundation for the fracture‐dependent trajectories that are related to relaxation of fractures with time‐dependent specific stiffness responding to changes in stress or fluid saturation.

02 PETROLEUM↗

DOE OSTI2022

Advancing Clean Energy Equity

This year’s Financial Innovations Roundtable (June 16-17, 2022) focused on advancing clean energy equity and was co-hosted by the University of New Hampshire's Carsey School of Public Policy and the Federal Reserve Bank of New York. Clean energy technologies are better than ever, with costs continuing to decline. Yet the low-income and under-resourced communities – particularly communities of color, Native communities, and other traditionally marginalized populations – that are disproportionately impacted by climate and severe weather-related events lag in clean energy investments. Community Development Financial Institutions (CDFIs) have a long track record of providing access to capital to low- and moderate-income communities nationwide. Green Banks, established at state and local levels, use innovative financing to attract private capital and incentivize investments in clean and renewable energy. Together, the nation's network of more than 1,300 CDFIs and 21 Green Banks have the financing expertise and deep market understanding and relationships to finance a transition to clean energy. This event explored how Green Banks and CDFIs can funnel creditworthy projects to market and efficiently raise capital for them. Building on the Carsey School White Paper, Clean Energy Project Development for Low-Income Communities: Strengthening the Ecosystem for Delivering Solar Energy and Deep Efficiency Retrofits (Hangen, 2022), the FIR sought to identify options and create opportunities for Green Banks, CDFIs, and impact investors to collaborate in offering a range of products, approaches, and tools to better serve communities and individuals who have thus far been left out of the transition to clean energy. The event had 101 participants from a variety of sectors including CDFIs, Green Banks, mission-driven clean energy organizations, government agencies, banks, and impact investment professionals.

14 SOLAR ENERGY↗