Hi All
Last week, I read Adam Thyer's post about fossil fuel companies pivoting into geothermal and thought that it was an interesting and important topic. Today, I read a story about using geothermal to heat or cool buildings. Apparently, the technologies are well proven and it's an extremely efficient technique. The barrier is upfront costs. However, these costs can be quickly recouped via reduced energy bills. Some companies are therefore stepping-in with innovative financing designed to spread the cost over time with repayments lower than they would have been if they had chosen conventional heating and cooling systems. Hopefully, governments will also come to the party.