For the first time in nearly a decade, the Bureau of Land Management auctioned off leases for new geothermal energy projects in California—and every parcel drew bids. (LA Times)
The details: Winning bids for 13 parcels covering 23,000 acres ranged from $2 to $247/acre.
Why it matters: Geothermal could play a bigger role as California—which already produces two-thirds of US geothermal power—phases out gas and targets carbon neutrality by 2045.