Efficient Markets Hosts Inaugural Colorado State Land Board Geothermal Proposal Request

Strong Demand Expected for Colorado Geothermal Opportunities Amid Support for Clean, Low-Cost Energy Projects

HOUSTON--(BUSINESS WIRE)--Efficient Markets is excited to support the Colorado State Land Board with its inaugural Request for Proposals (RFP) for geothermal exploration and development of state trust land.

The state of Colorado has an abundance of geothermal resources due to its unique geological features. With this announcement, it joins a growing list of states and the U.S. Bureau of Land Management (BLM) in hosting geothermal offerings to drive clean, low-cost, reliable power generation and achieve long-term emission reduction targets. Many of the parcels in Southwest Colorado are positioned near existing electrical transmission infrastructure, which strengthens their potential for long-term economic development while minimizing the environmental footprint required for electricity generation.

Geothermal resource development has re-emerged as a viable renewable energy source in recent years due to advances in technology and ongoing government support, which has led to a rising number of lease sale participants and stronger competition. As a result, geothermal parcels are increasing in value and generating more revenue for federal and state governments.

In October 2017, parcels in the BLM Nevada geothermal lease sale sold for the opening bid amount of $2 per acre. Three years later in October 2020, one parcel in the BLM Nevada sale achieved a record $42 per acre, and in June 2026, a single parcel in the BLM New Mexico geothermal lease sale set a new high record of $701 per acre.

"Efficient Markets is proud to partner with the Colorado State Land Board in response to strong industry interest in exploring the state's geothermal potential. Our integrated public and private marketplace uniquely position us to support this effort, and we look forward to a successful offering,” said Gus Rivero, Chief Ventures Officer of Efficient Markets.

Colorado’s RFP invites experienced and financially capable applicants to plan, permit, finance, explore for and construct a geothermal project, including an electric generation facility. For more information and to access the full RFP, go to https://app.efficientmarkets.com/salegroup/6564. Proposals are due September 20, 2026.

Efficient Markets will also host several upcoming BLM geothermal lease sales. Oregon and Utah are scheduled for August 11 and 18, 2026, respectively, while Nevada is planned for October 2026 and Idaho is set for November 2026. Further details for each sale are provided at https://app.efficientmarkets.com/government-listings.

About Efficient Markets

Efficient Markets is the leading, tech-enabled marketplace that provides a streamlined transaction process for real asset acquisitions and divestitures across a wide range of industries, including oil and gas, government lease and sale listings, real estate, alternative energy, and other commodities. With more than 25 years of execution experience and over 56,000 registered users, we are recognized as market experts because of our deep industry knowledge, extensive relationships and unparalleled insight into the A&D market. Our platform empowers profitable growth by leveraging innovative technology and proprietary data insights with a dedicated team of experts, connecting buyers and sellers in a structured, competitive experience that targets speed, transparency, and successful outcomes. Efficient Markets consistently maximizes value and delivers strong results for transactions.