From The Fairbanks Daily News-Miner, Friday, October 28, 2010:
The borough wants to know if geothermal energy can be captured in Fairbanks for large-scale power production.A $1 million federal grant is available to help answer the question. But there’s a catch.
Whoever wins the grant must contribute a million dollars of their own.
The assembly on Thursday voted unanimously to hold a competitive process to distribute the grant.
The project must include modeling of a deep geothermal reservoir system or “hot zone” and drilling of a test well.
A successful grant recipient would also analyze and map the borehole and surface geology.
The goal is to determine whether sustainable heat flow can be maintained and whether potential exists for geothermal energy production in the borough.