Geothermal heat pump (GHP) sales have grown steadily in recent years, but manufacturers estimate that GHP installations account for only about 1 to 2 percent of the total market. As the economy improves, some industry experts predict sales of GHPs will command a far larger share of the market by 2016.
Maryland recently became the first state to recognize geothermal heating and cooling as a renewable energy source. This has many leaders in the geothermal industry hoping this helps serve as a motivator to the other 49 states.
WaterFurnace International Inc., a leading manufacturer of geothermal and water source heat pumps, has announced the election of WaterFurnace CEO Tom Huntington as chairman of the Geothermal Exchange Organization (GEO).