Heating and cooling account for more than 25% of total U.S. energy use across residential, commercial, and industrial sectors that costs $270 billion annually.1 To reduce the carbon footprint associated with heating and cooling buildings, many regions of the world are turning to district geothermal systems. These systems tap deep subsurface heat energy which is then circulated as hot water through an underground pipe distribution network. The heat energy is used directly to warm buildings or alternatively used to power cooling systems. Although district heating systems have been used in the U.S. and Europe for many years, demand was limited due to cheap oil and natural gas. Now, with climate concerns, the rising prices of fossil fuels and anxiety regarding energy security, district heating is becoming much more competitive. Public and private organizations are under pressure to meet decarbonization goals.
Consequently, a wide spectrum of industries such as manufacturing, agriculture, and technology, are actively seeking green energy sources for electric power, heating, and cooling. As an example, Google and Microsoft are deploying geothermal systems to power, heat, and cool their campuses. According to NREL, geothermal energy for heating and cooling can significantly contribute to Federal goals to cut U.S. emissions by half by 2030 and achieve a carbon-free electric sector by 2035. Some western states (California, Hawaii, Nevada, New Mexico, and Washington), are specifically considering geothermal energy to meet decarbonization goals.
GreenFire’s GreenLoop technology provides the continuous, precision energy required by commercial customers agriculture, heat-intensive manufacturing, large data centers, and cryptocurrency mining. Companies seeking innovative geothermal solutions should contact GreenFire Energy for more information.
1 2021 U.S. Geothermal Power Production and District Heating Market Report, NREL Transforming Energy. July 2021.