While solar and wind power get most of the headlines, geothermal power is quietly gaining traction on college campuses where energy costs can siphon millions each year from the budget. Schools from Wisconsin to New Mexico have geothermal projects in the works. There are 46 schools divvying up millions in federal stimulus dollars to advance technology that uses the temperature of the Earth, rather than coal-fired power plants, to heat and cool buildings. So far this year, the Department of... Read Full Story
If you're a trader, you must know the big trend in geothermal energy is finally heating up.
Geothermal energy is a way of producing electricity. At certain spots around the Earth, usually at the boundaries of tectonic plates, heat reaches the surface of the planet in the form of molten rock, or magma. The molten rocks heat the surface water, producing steam. Geothermal companies harness this steam to drive turbines and produce electricity.
I love simple businesses. Geothermal is the world's... Read Full Story
The U.S. Department of Energy has awarded $6.3 million to two Indiana colleges to install environmentally friendly geothermal energy systems. Ball State University is getting $5 million to replace coal fired boilers with geothermal heat pump systems. And the Indiana Institute of Technology will receive $1.3 million to install geothermal heat pumps using carbon dioxide as the cooling medium. Geothermal systems use buried pipes to tap into the Earth's natural heat storage capacity to both heat... Read Full Story
This entry is part 2 of 2 in the series Careers in green HVAC U.S. Energy Secretary Steven Chu recently today announced nearly $50 million from the American Reinvestment and Recovery Act to advance commercial deployment of the renewable heating and cooling systems , which use energy from below the Earth’s surface to move heat either into or away from the home or building. The expanded manufacture and installation of GHP s could aid in the creation of new green jobs while reducing the use of... Read Full Story
Geothermal Heat Pumps Improve Air Quality
Similar to the more common air-source heat pumps, geothermal heat pumps use the natural heat storing properties of the ground or ground water instead of outdoor air to heat and cool your home. One of the most energy-efficient heating/cooling technologies on the market today, geothermal heat pumps are a clean, green technology that helps to prevent global warming and improve air quality by diminishing energy consumed by your heating/cooling... Read Full Story
Thinking of incorporating a geothermal energy system into your green home? Geothermal Heat Pumps, the most common use of geothermal energy systems in green homes, use stable ground or water temperatures near the earth’s surface to provide heating, air conditioning, and in most cases, hot water. Because they use the earth's constant temperatures, they are among the most efficient and comfortable (not to mention sustainable) heating and cooling technologies currently available – and are... Read Full Story
Installation Guide For Ground Source Or Geothermal Heat Pumps. Large Electricity Savings Can Be Expected With This Green Living, Environmentally Friendly, Renewable Energy Resource.
Geothermal Heat Pumps: Installation Guide. Read Full Story
U.S. Department of Energy Secretary Steven Chu this week announced up to $338 million in Recovery Act funding for the exploration and development of new geothermal fields and research into advanced geothermal technologies. These grants will support 123 projects in 39 states, with recipients including private industry, academic institutions, tribal entities, local governments, and DOE’s National Laboratories. The grants will be matched more than one-for-one with an additional $353 million in... Read Full Story
ENER·G Ground Source Solutions Ltd has won official certification for its expertise in delivering renewable heat pump technology.
The Approved Contractor certificate means ENER·G has been recognised for the quality of its design, supply, and installation of heat pumps , in line with the exacting technical standards set out by the Microgeneration Certification Scheme (MCS).
ENER·G acquired the ground source heat pump business from previous owners in April 2008 and has achieved the MCS... Read Full Story
The World Bank will be granting a $500 million loan to Indonesian oil and gas company PT Pertamina Geothermal Energy (PGE) for the development of nine geothermal power projects in the country, the Antara News reported last Monday (June 8). The loan would be released in the first quarter of 2010, according to PGE president Abadi Poernomo. The amount of $3 billion would be needed by PGE to complete all its geothermal power projects. Other companies are being sought by PGE for additional... Read Full Story
