Local geothermal developers Hank Held and Fred Henderson have recently received a significant boost for their project near Buena Vista. A $1 million investment from Icelandic investors, alongside support from the Colorado State Energy Office, will fund testing at their well site.
The funding aims to explore the potential of a geothermal reservoir capable of generating up to 10 megawatts of electricity. This development marks a crucial step toward harnessing renewable energy in the region and could significantly impact local and state energy resources.
The project promises to advance Colorado’s renewable energy sector and could pave the way for more geothermal developments in the future.
