In addition to municipalities, the new law also allows for existing utilities, as well as businesses, developers, co-ops, and non-profits to operate their own Thermal Energy Networks. These entities can obtain PUC authorization to do so, with the PUC responsible for overseeing rates and the quality of service.

However, it's important to note that the law does not require all of these different types of entities to participate in the development of Thermal Energy Networks. The decision to build and operate a network will be made at the local level.

Thermal Energy Networks operate by capturing and utilizing the heat energy that is stored in the earth. By using a series of underground pipes and heat pumps, the technology is able to provide both heating and cooling to buildings in a more efficient and sustainable manner. This can help to reduce the overall carbon footprint of a community and lower energy costs for consumers.

The new law is part of Vermont's broader efforts to reduce greenhouse gas emissions and increase the use of renewable energy. The heating and cooling of buildings is a major source of emissions in the state, and the development of Thermal Energy Networks is seen as a key solution.

Now that the legal framework is in place, it is expected that more Vermont communities will begin to explore the possibility of developing their own local Thermal Energy Networks.

As these thermal energy networks prove their efficacy and cost-effectiveness, it wouldn't be surprising to see similar legislative shifts in other states, creating an expanding market for geothermal technologies. 

Vermont's legislative move could potentially set off a ripple effect, benefiting not only their local communities in terms of sustainability but also geothermal drillers beyond the state.

Take a look at Vermont Community Thermal Network's toolkit to learn more.