While geothermal still represents just a fraction of the overall energy market, a renewed interest in energy efficiency and clean, electric technologies is creating a favorable environment for growth. Per a December 2018 study by Global Market Insights Inc., the global geothermal market is forecasted to reach $4 billion in 2024.
The NEWS spoke with Doug Dougherty, president and CEO of the Geothermal Exchange Organization, about the impact of the tax credit, trends in geothermal, and GEO’s increased focus on state-level policies.
Contractors and technicians asked for equipment improvements and they found it at Bosch Thermotechnology Corp. The company listened to the feedback from its customers and did some tweaking to make its products save time, energy, and money. These are three important areas for Bosch when it comes to both commercial and residential, especially in product sectors that are more mature than others.
With a capacity range of 25-100 percent, the WaterFurnace variable capacity system will scale its output to what your building actually needs, maximizing occupant comfort levels.
The awardees will focus on early-stage R&D projects exploring innovative technologies for drilling geothermal wells that show the ability to reduce non-drilling time, improve rates of penetration, and identify methods to accelerate the transfer of geothermal drilling and related technologies from the laboratory to the marketplace.
That landmark in geothermal history was eventually followed by the Commonwealth Building in Portland, Oregon, which became the first commercial building in the U.S. to employ a geothermal system for heating and cooling.
If there is someone out there with more industry passion than Jack DiEnna, I have yet to meet them. The best way to describe DiEnna would be the “godfather of geothermal.”
WaterFurnace Intl. Inc., a manufacturer of geothermal and water source heat pumps, has hired Bruce Cole to serve as its vice president of residential sales and marketing.
Commercial buildings have high energy needs, and it’s no secret that the HVACR system is one of the largest sources of electricity consumption in them. Since the U.S. Energy Information Administration (EIA) began tracking energy use through its Commercial Buildings Energy Consumption Survey (CBECS) in 1979, total energy consumption has almost doubled.