Feb. 11, 2014: Bosch, Orca Energy Team to Reduce Cost of Geothermal Heating and Cooling
Orca Will Install Ground Heat Exchanger at No Expense, Serve Homeowner as a Separate Utility Provider
LONDONDERRY, N.H. — Bosch Thermotechnology has signed an agreement with Orca Energy, a leading geothermal utility provider, to jointly market a geothermal ground heat exchanger and equipment solution to developers, home builders, and new home buyers in the United States.
The agreement to collaborate in the U.S. marketplace is intended to solve one of the most persistent challenges facing the geothermal industry: how to overcome builder and homeowner resistance to the initial capital cost of installing the ground heat exchanger. According to the companies, geothermal heat pump systems can save between 30-50 percent in heating and cooling costs. First costs for installing the geothermal ground loop, however, have been a stumbling block the industry has struggled with for years.