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.

The geothermal market is growing and the HVAC contractor can find it profitable. In order to help contractors just getting into the field or give those who are in the field a few pointers, The NEWS teamed up with AHRI for this geothermal eBook.

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.