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Bill

HB 25-1165

Geologic Storage Enterprise & Geothermal Resources

2025 Regular Session Introduced by Shannon Bird and 16 co-sponsors

Creates a Geologic Storage Enterprise to coordinate, fund, and streamline CO2 storage and geothermal projects, accelerating low-carbon energy deployment.

Governor Signed
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Bill Summary · HB 25-1165

Summary — HB 25‑1165: Geologic Storage Enterprise & Geothermal Resources

Status: Governor Signed (May 27, 2025)
Introduced: February 3, 2025

Note: You provided the bill title and legislative history but not the bill text. The summary below describes the bill’s likely scope based on its title and standard legislative practice, and it highlights the confirmed procedural timeline. For exact statutory language, dollar amounts, or specific program mechanics, please provide the bill text or request a link to the official bill.

Main purpose and intent

HB 25‑1165 establishes a statutory framework to advance (1) geologic storage infrastructure — most commonly associated with subsurface storage of carbon dioxide (CO2) or other gases — and (2) development of geothermal resources. The bill’s intent is to coordinate, facilitate, and incentivize projects that store greenhouse gases underground and expand geothermal energy as a low‑carbon resource.

Key provisions (typical items consistent with the title)

Because the bill text was not provided, the following items describe commonly included provisions in legislation of this type. Confirmatory review of the bill text is recommended.

  • Creation of a Geologic Storage Enterprise or similar state entity

    • Powers to plan, coordinate, finance or partner on geologic storage projects
    • Ability to enter contracts, accept federal funds, and apply for grants
    • Possible authority to issue revenue bonds or provide loan guarantees
  • Regulatory and permitting provisions

    • Direction to relevant state agencies (oil & gas, environmental) to streamline permitting for geologic storage and geothermal wells
    • Interagency coordination on site selection, monitoring, liability and closure
  • Land and resource access

    • Provisions for leasing state lands for geothermal exploration/production
    • Clarification of property rights and subsurface storage rights (e.g., pore space)
  • Financial incentives and program support

    • Grants, tax credits, or fee structures to encourage geothermal development or CO2 capture and storage projects
    • Technical assistance, workforce development, and permitting support programs
  • Environmental safeguards and monitoring

    • Requirements for site characterization, long‑term monitoring, financial assurance, and remediation liability provisions

Who is affected

  • Energy developers (geothermal developers, CO2 capture and storage project sponsors)
  • Utilities and large industrial emitters seeking storage options or geothermal supply
  • State agencies (energy, environmental protection, land management, oil & gas regulators)
  • Landowners and local governments where projects are sited
  • Environmental and community stakeholders concerned with safety, monitoring, and land use

Procedural / timeline highlights (confirmed)

  • Introduced in the House, assigned to Energy & Environment: 2025‑02‑03
  • Passed House (3rd reading): 2025‑03‑14
  • Senate consideration and amendments in Transportation & Energy committee: March 2025
  • House concurred with Senate amendments and repassed: 2025‑04‑11
  • Signed by legislative leaders and sent to Governor: 2025‑05‑13
  • Governor signed into law: 2025‑05‑27

Next steps / where to get the full details

To provide a precise, section‑by‑section summary (including funding amounts, exact enterprise powers, any sunset dates, bonding authority, or statutory cross‑references), I can:
- Summarize the bill text if you paste it here, or
- Retrieve the official enrolled bill text if you’d like (tell me where to look or confirm the state if not Colorado).

Which would you prefer?

Compiled from official sources — confirm details with the bill’s official record.

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