Specifically, GeoExchange is a mechanical heat pump system which is tied to a closed-loop ground heat exchanger system an open loop well heat exchanger system or a standing column heat exchanger system.
We are all aware that recently we have been enjoying a fairly strong economy. For some areas of the country the recent drought has meant a robust business for water well installations. These two events might have proven to be a good economic turn of events for your company. And, because of it, you may not be overly interested in exploring new opportunities at this time. However, there is an opportunity that promises to grow by leaps and bounds over the next few decades. That opportunity is "GeoExchange."
What is GeoExchange? You may have heard of geothermal heat pumps, ground source heat pumps or GS systems. GeoExchange is just another name for the same thing. For several years this industry has tried to settle on a single name to eliminate confusion and to try to convey industry unity. "GeoExchange" seems to be the direction the industry wants to lean.